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A campaign to boycott Indian products in Islamic countries because of anti-Muslim comments made by leaders of India’s ruling Bharatiya Janata Party (BJP) may have died down for now but given the continuing Hindu-Muslim tensions in India, the risk of future supply disruption remains, warn economists.…

Fighting money laundering is tough enough in peacetime, requiring the careful application of sophisticated and complex investigative techniques, so outbreaks of war can damage efforts to fight ML and terror financing. The chaos of war can also provide opportunities for financial crime and the laundering of its proceeds, including the evasion of sanctions.…

The United Nations Environment Assembly’s (UNEA) planned global pact on plastic may act as a further disruptor and consolidator of efforts to address plastic packaging in the dairy industry. The legally binding agreement, which UN member states agreed would be concluded by 2024, according to a March 2022 announcement, aims to facilitate an end to plastic pollution by addressing the lifecycle of plastic, from design and production to disposal.…

Tunisian students who fled Ukrainian universities following the invasion of Ukraine by Russia have found themselves in academic limbo, struggling to receive recognition for their completed studies, at home or in other countries.

When Russian tanks and missiles violated Ukraine sovereignty, Tunisian news media was filled with patriotic images of Tunisia’s President Kais Saied ordering an airbridge rescue mission, followed by sentimental images of students arriving back in Tunis, cradling beloved pet cats as parents rushed to hug their children.…

Sharia-compliant financial technology (fintech) is poised for explosive growth across both Islamic and western jurisdictions. 

In part this reflects growth in Islamic finance: Refinitiv, an American-British global provider of financial market data owned by the London Stock Exchange (LSE), predicts the value of money transacted through the Islamic finance sector will reach USD4.9 trillion by 2025. …

International legal arbitration systems and judicial standards are emerging to help solve complex Islamic finance disputes, while national judicial and informal dispute resolution systems continue to develop – in civil and religious law institutions.

Informal dispute resolution processes can, of course, resolve disagreements without recourse to the payment of damage and potentially without damaging valuable reputations.…

Marketers for the planned Saudi Arabia megacity of Neom, a key plank of the kingdom’s Vision 2030 strategy of economic growth and diversity, will highlight it site’s ancient religious heritage and develop adventure tourism to attract five million international tourists-a-year (by 2030).…

While Europe is abuzz with policy discussions about extending the life of existing nuclear power plants, amidst growing concern about the need to wean the continent from dependence on Russian fossil fuels, this electricity source has continued to enjoy support in Asia.…

Companies in Japan that export paint and coatings and related chemicals ingredients to Russia and Belarus may face a trade ban if those items have been classed as ‘advanced goods’ under a May 20 amendment to Japan’s Export Trade Control Order.…

Russia’s unprovoked invasion of Ukraine has disrupted the supplies of food, especially cereals, to major halal food markets, with Ukraine and Russia togethering controlling around 30% of the global wheat trade. The military action, which the UN said on April 17 had killed 2,072 civilians, has put the Middle East and North Africa in a tight position over food supplies, especially given the region’s economies have been weakened by the Covid-19 crisis.…