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Highlights of the IFSB Report 2025

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Total IFSI assets reached USD 3.88 trillion, marking a significant 14.9% year-on-year (YoY) growth compared to 2023. This acceleration in asset growth outpaced the average rates of recent years. The growth momentum reflected accommodative global financial conditions in 2024 driven by lower interest rate expectations and easing inflation, which revived market sentiment and capital flows, alongside sustained demand for Islamic financial services, and increased market participation across key Islamic finance jurisdictions.

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Beyond Integrative Approaches: Methodological Tensions in Islamic Economics

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Islamic Economics stands at a crossroads. To analyse what is, it must pragmatically adapt mainstream tools—provided they are stripped of reductionist assumptions. To articulate what ought to be, however, it must dare to innovate: developing tawhid-centric models that reflect humanity’s role as Allah’s stewards (khalifah). This dual approach rejects both uncritical integration and isolationist purism. As Dr. Shaikh advocates, pluralistic methodology allows IE to engage the mainstream while retaining its soul. The goal is not to mimic physics-envying economics, but to redefine economics itself—as a science of human flourishing, anchored in divine guidance. In the words of the Quran, “Do they not contemplate the Kingdom of the heavens and the earth?” (7:185). Islamic Economics, at its best, is this contemplation enacted—a discipline where tools serve truth, not the other way around.

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Monetary Policy and Islamic Banks: A Critical Literature Review

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The authors conclude that more research is needed to fully understand the relationship between monetary policy and Islamic banking. They emphasize the importance of considering factors like the structure of Islamic banks’ balance sheets and the influence of profit-and-loss sharing in deposits and financing. The authors note that the existing research has a lack of theoretical grounding. Most studies focus on whether monetary policy influences Islamic banks, but they do not investigate why this happens. The authors suggest that the theory of Islamic finance could offer explanations.

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Methodology of Islamic Economics

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The book explains that the objective of religious life should be to change this world, including the personality of the individual himself and extending to the whole of human society, so as to reconstruct it in accordance with the will of Allah as revealed in the Qur’an. The religion should be understood directly from the Qur’an aided by the Sunnah, and all human interpretations should be treated as secondary, tentative and, in principle, liable to error and open to correction.

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Highlights of Global Energy Review 2025 Report

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Different elements of the world’s energy system saw very different growth rates in 2024, reflecting the impact of short-term factors and deeper structural trends. Global energy demand grew by 2.2% in 2024, a notably faster rate than the annual average of 1.3% seen between 2013 and 2023. This uptick was partly due to the effect of extreme weather, which we estimate added 0.3 percentage points to the 2.2% growth. Despite this, energy demand grew more slowly than the global economy, which expanded by 3.2% in 2024, close to its long-term average.

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Labour in Comparative Economic Systems

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In Marxian economics, it is argued that labor creates surplus value in the production process that capitalists extract in the exchange process. Marx said that the capitalist purchases the use value of labor (service) and pays labor something equivalent to the exchange value of labor time. It is barely enough to keep the labor survive. However, when the capitalist sells products created by “labor power,” these products command more exchange value and this excess is known as surplus value. The surplus accumulates and this is exploitation of labor by the capitalists.

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Theoretical and Analytical Approach of Financial Stability: Islamic Perspective

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Financial crises are often linked to unsustainable booms in financial and business cycles. Research shows that credit and house price cycles are closely tied to output cycles. From an Islamic perspective, synchronizing financial and business cycles can promote stability. A Shari’ah-compliant system without interest rates can align the financial cycle with the real economy, bolstering stability.

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The Divine Whispers

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The book aims to reconcile scientific understanding with Islamic faith, suggesting that the natural world contains “divine whispers” that point to the existence and wisdom of God. It seeks to demonstrate that scientific discoveries can strengthen, rather than contradict, religious belief. The author addresses the limitations of purely materialistic scientific explanations, arguing that science, while valuable, cannot fully account for the origins and purpose of the universe. It is noted that science is limited to the observations of our senses, and the brain, which are limited to the material.

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Highlights of Net-Zero Banking Alliance 2024 Progress Report

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When joining the Alliance, each member bank voluntarily commits to independently setting, disclosing, and reporting on their progress towards science-based de-carbonization targets, as data and methodologies allow. These individual targets aim to align portfolios to pathways that limit global warming to 1.5°C above the pre-industrial global average temperature, in line with the goals of the Paris Agreement. The Guidelines for Climate Target Setting for Banks outline eight key sectors: power generation, oil and gas, coal, transport, iron and steel, cement, commercial and residential real estate, and agriculture.

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Insaan Ki Kahani by Abu Yahya

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The documentary presents historic and scientific information that is easy to understand and taken from authentic and established sources. Instead of over-arguing the case for religion from science and unproven archaeology and historical records, it limits the attention to focus on Qur’an, established scientific facts, established archaeological evidence and universally well-established historical records. In essence, it seeks to bridge the gap between faith and reason, presenting Islamic teachings in a modern and engaging way.

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