Daud Vicary Abdullah talks China, AIIB, and the suitability of Islamic Finance in funding Mega Projects

IIPodcast ESG

Daud Vicary Abdullah, President and CEO of the International Centre for Education of Islamic Finance (also known as the Global University of Islamic Finance) discusses China, AIIB, the suitability of Islamic Finance as a means of financing mega-projects, and whether Islamic Finance is simply a niche or a genuine alternative to conventional banking.

Ramadan is not a freedom shared by all… By Noura Abughris

IICulture Asia, Culture and Arts

In a move by the Chinese government to crack down on ‘religious extremism’ and maintain ‘social stability’, China has officially banned Ramadan in the Muslim majority district of Xinjiang. Civil servants, teachers and students are being banned from fasting, entering mosques or attending any form of religious activity during the Islamic holy month. The education bureau of Tarbaghatay city in the Xinjiang district has ordered schools to communicate to students that ‘during Ramadan students (should) not fast, enter mosques or attend religious activities’. Meanwhile, local restaurants are being encouraged to stay open while state run media outlets are running editorials on the health dangers of fasting.

TTIP is about US hegemony. No more, no less.

Ismail Qaiyim US, Western Europe

The BRICS (Brazil, Russia, India, China, South Africa), which includes China–the world’s second largest economy–are all noticeably absent from these FTAs. Many of the BRICS countries favor state-led industrialization, as opposed to the neoclassical economic orthodoxy of private sector-led growth and selective austerity favored by the Organization of Economic Cooperation and Development (OECD) countries. The United States is the only country that appears in both the TPP and TTIP, a likely indicator that American private and public interests are driving these two agreements forward.