Introduction In the heart of the United Arab Emirates (UAE), an innovative concept has emerged that could revolutionize the way individuals and institutions safeguard their wealth. Amanah Vault, an offshore gold haven, offers a unique solution for those seeking to protect their assets with the security and stability for which the UAE is renowned. […]
Saudi Arabia’s Crown Prince Explores Precious Metals as a New Source of Wealth
In a strategic and forward-thinking move, Saudi Arabia’s Crown Prince, Mohammed bin Salman, is looking to diversify the kingdom’s sources of wealth by tapping into the vast potential of the metals industry. This initiative marks a significant departure from the nation’s traditional reliance on oil and gas and underscores the Crown Prince’s commitment to […]
Russia Introduces BRICS Currency Anchored in Natural Resources: The Golden Rule of Economic Sovereignty
In a bold and strategically significant move, Russia has introduced a new currency in collaboration with BRICS (Brazil, Russia, India, China, and South Africa), anchored in the concept of the “golden rule” and the abundant natural resources possessed by these nations. This initiative reflects a shifting global economic landscape and an effort to establish […]
FATF’s Travel Rule: Get out of Crypto and get in on Gold.
The cryptocurrency landscape has been in a state of flux ever since the Financial Action Task Force (FATF) introduced the controversial Travel Rule. As the crypto world grapples with the implications of this regulatory upheaval, an intriguing alternative is emerging: a migration from digital assets to the age-old haven of wealth preservation—gold. The Travel […]
BRICS Oil Monopoly and USA’s Lack of Oil Reserves
BRICS Oil Monopoly and the USA’s Oil Reserve Challenge: Shaping Global Energy Equations The emergence of the BRICS alliance as a potential oil monopoly and the United States’ ongoing challenges with oil reserves are reshaping the dynamics of global energy markets. As the world watches the transformation of energy geopolitics, questions arise about the implications […]
The Spectacular Fall of Evergrande: A Closer Look at China’s Economic Challenge
Introduction In recent months, the global financial markets have been closely watching the situation unfold in China as Evergrande, one of the country’s largest real estate developers, faces a severe crisis. Once a symbol of China’s rapid economic growth and expansion, Evergrande is now teetering on the brink of collapse, raising concerns not only within […]
China’s Strategic Shift: Unloading $481.3 Billion in U.S. Bonds
Introduction In a significant move that has reverberated across financial markets and geopolitical circles, China recently made headlines by dumping $481.3 billion worth of U.S. bonds. This strategic decision signals a shift in China’s economic and political calculus, reflecting its evolving role as a global economic powerhouse and its desire to diversify its foreign reserves. […]
Fitch’s Decision to Join Standard & Poor’s in Downgrading U.S. Ratings: Impact on the Stability of U.S. Bonds
In the realm of global finance, the recent decision by Fitch Ratings to align with Standard & Poor’s in downgrading the United States’ credit rating has raised significant concerns about the stability of U.S. bonds. This move has sparked discussions about the economic implications, potential impacts on global markets, and the underlying factors that have […]
Second opinion on the UK Government’s Recent announcement of ‘Halal’ Student Loans: A Hanafi School of Thought perspective
Introduction The introduction of halal student loans by various financial institutions has been hailed as a significant step in providing Muslim students with access to interest-free financing for their educational pursuits. However, in scrutinizing the concept of halal student loans for Sharia compliance, it becomes essential to explore the perspective of the Hanafi school of […]
Venezuelan Banks Embrace Mir Cards: Russia’s Alternative to Visa and Mastercard
In recent times, the financial landscape has witnessed a remarkable development that could potentially revolutionise the way transactions are conducted in Venezuela. Venezuelan banks have taken a significant stride by embracing Mir cards, Russia’s alternative to Visa and Mastercard. This partnership between Venezuelan banks and Mir cards opens up new avenues for secure and efficient […]