Category: Muslim World

Islamic Finance Gains Traction in Southeast Asia

SHAH JIWANA – The concept of conventional finance loans, mortgages, interest payments seems indispensable for modern business. However, in the Muslim world, where interest is prohibited under Islamic law, banks have developed alternative financial products that are now gaining traction in Southeast Asia. Dato Muzaffar Hisham, CEO of Maybank Islamic, notes the bank’s strong presence…

Russia and Iran Advocate for Unified Currency at Kazan Forum

Tehran: During the “Russia-Islamic World: Kazan Forum,” Iranian diplomat Jalali highlighted the active involvement of Iran in BRICS activities under Russia’s leadership. He emphasized the shared vision of both nations to introduce a singular currency within the association, as reported by TASS. Jalali stressed Iran’s robust contribution to BRICS as a nascent member, affirming the…

Saudi Space Agency Launches Center for Space Futures, Eyes $2 Trillion Space Economy by 2035

Riyadh: The Saudi Space Agency has inaugurated the Center for Space Futures, aiming to lead a mission to the moon and develop a $2 trillion global space economy by 2035. This ambitious initiative was announced by NASA Administrator Bill Nelson during his visit to Riyadh, highlighting the potential for collaboration between space industries and government…