In recent years, the global halal market has witnessed remarkable growth and is projected to reach a staggering worth of USD 9.71 trillion by 2025. As the demand for halal products continues to rise, it becomes increasingly crucial for businesses to understand the significance of halal certification and its impact on the industry. In this […]
The Implementation of SEPAM: Revolutionising Cross-Border Transactions
In today’s rapidly evolving digital landscape, the implementation of SEPAM (Single Euro Payments Area Migration) has brought about significant transformations in the way member states envision the future of cross-border transactions. As businesses and financial institutions adapt to this new messaging system, tailored to meet their specific needs, a wave of revolution is sweeping across […]
Asians Central Banks to Adopt Iran’s SWIFT Alternative!
In recent years, there has been a significant shift in the global financial landscape as Asian central banks explore alternative options to the traditional SWIFT (Society for Worldwide Interbank Financial Telecommunication) system. This move comes as a response to the increasing geopolitical tensions and concerns over the vulnerability of financial networks to political influences. […]
stock market rally is reminiscent of what led up to the 2008 crisis, JPMorgan Asset Management CIO says.
Introduction: Investors have been cautioned to exercise caution despite the ongoing rally in stock markets, as the current market conditions bear an eerie resemblance to the period preceding the 2008 financial crisis. Bob Michele, the Chief Investment Officer of JPMorgan Asset Management, has expressed concerns about various indicators and risks that mirror those observed […]
World Bank: World Economic Growth Expected to Slow to 2008 Levels
Introduction: The World Bank, a prominent international financial institution, has recently issued a sobering forecast regarding the global economy. According to their latest report, the world is poised to witness a significant deceleration in economic growth, bringing it back to levels not seen since the global financial crisis of 2008. This article aims to […]
Binance US Temporarily Suspends US Dollar Deposits, Raises Concerns Over Future Withdrawals
Introduction: In a surprising turn of events, Binance US, one of the leading cryptocurrency exchanges in the United States, has announced the suspension of US dollar deposits. This move has created a ripple of concern among users as the platform’s banking partners are also preparing to pause US dollar withdrawals as early as June […]
Britain expected to witness the highest rates of inflation among the G20 countries.
Introduction In a recent report, the Organisation for Economic Co-operation and Development (OECD) has raised concerns about the potential inflationary pressures facing Britain. According to the OECD’s predictions, Britain is expected to witness some of the highest rates of inflation among the G20 countries. This projection has significant implications for the British economy, households, and […]
The BIG secret Central Banks worldwide won’t tell you.
Yet it’s no secret that central banks around the world are buying up gold like its going out of fashion.. In the first three months of the year, central banks bought a combined 228 tonnes, the most ever seen in a first quarter, World Gold Council data revealed. This follows up on what was already […]
On this day, two great pioneers in Islamic Finance were born..
On this Day (2 November, 682): Umayyad Caliph Umar ibn ‘Abd al-Aziz was born in the city of Medina. His father, Abd al-Aziz ibn Marwan, belonged to the wealthy Umayyad clan, while his mother, Umm Asim bint Asim, was a granddaughter of Caliph Umar ibn al-Khattab. Further, On this Day (2 November ‘971’): Sultan Mahmud Ghaznavi […]
On this day, two great pioneers in Islamic Finance were born..
On this Day (2 November, 682): Umayyad Caliph Umar ibn ‘Abd al-Aziz was born in the city of Medina. His father, Abd al-Aziz ibn Marwan, belonged to the wealthy Umayyad clan, while his mother, Umm Asim bint Asim, was a granddaughter of Caliph Umar ibn al-Khattab. Further, On this Day (2 November ‘971’): Sultan Mahmud Ghaznavi […]