Bitcoin and Ripple (XRP) are two of the most well-known cryptocurrencies, but they serve different purposes and operate on distinct technologies. While both are digital assets, their roles in the financial ecosystem are significantly different. This article explores the key contrasts between Bitcoin and Ripple, highlighting their unique characteristics and use cases. _____ 1. […]
Embracing Dinar and Dirham: A Return to Economic Integrity in the Ummah
In these tumultuous times of financial fitna, the emergence of Central Bank Digital Currencies (CBDCs) poses a grave challenge to the maqasid al-Shariah and the principles of Islamic mu’amalat. As the Ummah navigates these trials, it is imperative that we seek guidance from the wisdom of our salaf as-salih and contemplate the barakah inherent in […]
G7’s Global Infrastructure Initiative: A Counter to China’s Belt and Road
At the recent G7 Summit, a significant initiative was announced: the “Partnership for Global Infrastructure and Investment” (PGII). This initiative represents a strategic effort to reshape global infrastructure investment and is seen as a direct counter to China’s extensive Belt and Road Initiative (BRI). What is the PGII? The PGII is a collaborative effort by […]
Protected: Islamic Monetary Council Welcomes Shaykh Umar Ibrahim Vadillo to its Board of Advisors
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Russia and Iran Make Historic Move Away from SWIFT for Direct Bilateral Transactions
In a groundbreaking development, Russia and Iran have officially severed ties with the SWIFT system, marking a pivotal departure from the Western-dominated transaction framework. Mohsen Karimi, Deputy Head of the Central Bank of Iran (CBI), made this announcement, revealing that both nations have embraced a direct interbank transfer mechanism. During an interview on Iranian […]
Islamic Emirate of Afghanistan Announces Abolishment of Usury Systems
Introduction: In a significant development under the governance of the Islamic Emirate of Afghanistan, Acting Minister of Industry and Trade, Nooruddin Azizi, declared the abolition of all usury systems in the country. This announcement reflects the commitment of the Islamic Emirate to uphold the principles of the Islamic system through lawful and ethical means. […]
BRICS: China Aggressively Dumps US Dollars For 3 Days Straight
In a bold move that has sent shockwaves through global financial markets, China, a key member of the BRICS alliance, has reportedly engaged in an unprecedented three-day streak of aggressively divesting itself of US dollars. This strategic maneuver by the world’s second-largest economy has raised eyebrows and prompted speculation about its implications for the international […]
India’s Veiled Opposition to Pakistan’s BRICS Inclusion: A Potential Veto Looms
In the intricate landscape of international relations, regional dynamics often shape the trajectory of global partnerships. A recent development has brought to light India’s reservations regarding Pakistan’s prospective inclusion in the BRICS (Brazil, Russia, India, China, and South Africa) alliance. This subtle yet significant hint at contention raises questions about the future of diplomatic cooperation […]
(Well, ) what do you know? Unlocking Palestine’s Untapped Energy Wealth
A Path to Socioeconomic Progress and Regional Cooperation Introduction: In the heart of the occupied Palestinian territory (oPt), beneath the surface of Area C in the West Bank and the Mediterranean coast off the Gaza Strip, lie vast and untapped reserves of oil and natural gas. These resources, recently brought to light by geologists and […]
“Read all about it!” BRICS Launches BRICS Pay System: A Bold Move to Challenge the US Dollar Dominance
In a significant move aimed at reshaping the global financial landscape, the member countries of BRICS – Brazil, Russia, India, China, and South Africa – have announced the launch of the BRICS Pay system. This strategic initiative seeks to challenge the long-standing dominance of the US dollar in international trade and finance. As these emerging […]