An IMF mission visited Peru in June 2023. This mission was the third engagement with the Central Bank of Peru (BCRP) aimed at enhancing staff capacity for engaging directly with key stakeholders on strategic and policy matters regarding Central Bank Digital Currency (CBDC). Building from ongoing virtual support, the mission initially assisted the BCRP to deliver a CBDC white paper, and a survey to gauge the reactions to a proposed CBDC. Also, the mission delivered an operating manual for guidance when considering innovation challenges as potential modalities for CBDC concept development. Off the back of the publication of the white paper, and on request of the BCRP, a physical mission worked with the BCRP to host an inaugural industry-wide stakeholder engagement on CBDC between June 19 and June 23, 2023. This strategic engagement marked a significant milestone for the BCRP, facilitating a candid assessment of stakeholder support for CBDC. Nine recommendations along three strategic themes surfaced from the robust and dynamic interactions.
Unbacked crypto assets are the oldest and most popular type of crypto assets, relying not on any backing asset for value but instead on supply and demand. They were originally developed to democratize payments but are mostly used for speculation. Crypto assets were designed to disintermediate financial services, but centralized entities, such as exchanges and wallet providers, offer key functions to users and sustain the necessity of trust in one or several entities. At present, many of these entities are not covered by existing conduct, prudential, or payment regulations and can generate risks to market integrity, market conduct, and potential financial stability. We recommend that global bodies work to develop common taxonomies that can inform global and cross-sectoral standards while improving data insights. Standards should be risk-based, with greater requirements on entities and activities that generate more risk. Crypto asset service providers that deliver core functions and generate key risks should be licensed, registered, or authorized.
Stablecoins have experienced periods of rapid growth, accelerated links with traditional finance. Without proper regulation, contagion risks to wider financial sector will increase. Global regulation for stablecoins should be comprehensive, consistent, risk-based, flexible, and focus on their structural features and use. Requirements on stablecoins should cover the entire ecosystem and all its key functions, and there should be additional oversight for systemic stablecoin arrangements. In markets where risks are growing quickly, authorities should take immediate action by using all the tools at their disposal. This note provides key elements that should feature in any regulatory arrangement. For effective implementation, domestic and international collaboration are key.
Stablecoins have experienced periods of rapid growth, accelerated links with traditional finance. Without proper regulation, contagion risks to wider financial sector will increase. Global regulation for stablecoins should be comprehensive, consistent, risk-based, flexible, and focus on their structural features and use. Requirements on stablecoins should cover the entire ecosystem and all its key functions, and there should be additional oversight for systemic stablecoin arrangements. In markets where risks are growing quickly, authorities should take immediate action by using all the tools at their disposal. This note provides key elements that should feature in any regulatory arrangement. For effective implementation, domestic and international collaboration are key.
An IMF mission visited Peru in June 2023. This mission was the third engagement with the Central Bank of Peru (BCRP) aimed at enhancing staff capacity for engaging directly with key stakeholders on strategic and policy matters regarding Central Bank Digital Currency (CBDC). Building from ongoing virtual support, the mission initially assisted the BCRP to deliver a CBDC white paper, and a survey to gauge the reactions to a proposed CBDC. Also, the mission delivered an operating manual for guidance when considering innovation challenges as potential modalities for CBDC concept development. Off the back of the publication of the white paper, and on request of the BCRP, a physical mission worked with the BCRP to host an inaugural industry-wide stakeholder engagement on CBDC between June 19 and June 23, 2023. This strategic engagement marked a significant milestone for the BCRP, facilitating a candid assessment of stakeholder support for CBDC. Nine recommendations along three strategic themes surfaced from the robust and dynamic interactions.
A mosaic of interrelated stories exploding with personality, myth, and geohistorical weight, Morning in Serra Mattu is a profound, joyful meditation on life in modern Sudan. Arif Gamal seamlessly blends large-scale political realities with the local and the traditional: “old villages/whose ancient way is so composed/each single blade of grass is known/and in its place.” Epic in scope, spellbinding in its intimacy, generosity, and wisdom, Morning in Serra Mattu is the book we didn’t know we needed. how thrilling it was in the earliest morning to race barefoot down the sandy slopes and dunes with all the bellowing goats and dogs and sheep and other animals for their first morning drink and to swim in the fresh waters of the flowing river while the thousand upon thousand of high unhindered Nubian stars began to fall away before a tinge of milky line along the hills until light grew from nearly nothing to an immensity —from “Return to Serra Mattu”
How the Majority’S Failure to Challenge Politically Motivated [Mis]Interpretation of the Qur’An Empowered Radicals to Exploit Islam and Propagate Radicalism
How the Majority’S Failure to Challenge Politically Motivated [Mis]Interpretation of the Qur’An Empowered Radicals to Exploit Islam and Propagate Radicalism
This book covers several themes and many message to different groups of Muslims around the world. The underlying message is that under a defeatist mindset, Muslim scholars adopted politically expedient positions through fatwas many of which are contrary to the scripture. This was established through the Investigative Commision established in Pakistam in 1953-54. Their report documents this fact (covered in Chapter 6 and Appendix 2) and exposed the many inconsistencies in the radical's doctrine. The book essentially revolves around the findings of this report. The recent terrorist events in Europe and the US, and increasing radicalism in these societies, can all be traced to the findings of that report. The interconnection between the radicals' doctrines and terrorist actions is overwhelming. Terrorists and politicized clergy use those flawed interpretations to radicalize and recruit youngters to their cadres. Many Muslim scholars and leaders justify the terrorist strikes as retaliatory actions against the US or Western anti-Islamic policies. The only way to reverse this destructive trend is for Muslims to understand and reject the incorrect interpretations. There are consequences for Muslims living in non-Muslim countries because Muslim scholars and leaders testified that Muslims cannot be faithful citizens of a non-Muslim government. Europe has seen this trend and it is now starting in the US. The Muslims living in non-Muslim countries should clearly establish their loyalties. It is therefore imperative for Muslims to be clear that Islam requires them to be faithful to their country.
THIS BOOK examines a selection of fictional works by writers belonging to the Indonesian association of writers, Forum Lingkar Pena (Pen Circle Forum; hereafter referred to as FLP). Figures from 2010 suggest that this organisation had around 5,000 members across 93 Indonesian branches and ten overseas branches. Writers recruited and trained by FLP have produced approximately nine hundred published works. Their works are often categorised as Islamic or religious literature (sastra religi). This label-ling of FLP’s literary output as Islamic literature has arisen principally be-cause of the publicly expressed aims and beliefs of key FLP figures which include such notions as sastra dakwah (literature for religious propaga-tion). In order to contextualise the emergence of FLP in the final years of the twentieth century and to locate this organisation within wider Indo-nesian literary developments, it is necessary to take account of cultural debates that came to the fore with the profound social and political changes which accompanied the end of the New Order regime in 1998.
Memoir of an Indian academic, recounting his life from graduate school till his retirement, in locations in the Middle East and Europe, while maintaining his Indian roots. People interested in anthropology, life of an Indian immigrant in Europe, the politics of oil and the Middle East. It has been more or less a year since ‘Transience of Life’ volume 1 was published. It is cause for much reassurance that serious-minded Urdu readers, some venerable magazines, and a few dedicated friends and associates have praised the memoir in appropriate words and raised my confidence. Otherwise, in the last half a century, all my books and articles on topics in anthropology that were published are in English, the language that became the tool of my teaching and academic employment. Reading and writing in Urdu had been left behind in Lucknow half a century ago.
There is a strong view that economics is the academic discipline that best represents the claim of positive science among social sciences. Economics has undergone significant transformations after its emergence as a science. Despite all these transformations, the feature containing positive and normative elements has not changed. While economists from the political economy tradition focus on qualitative studies that relate to other social sciences, especially political science and history, a group of economists adopt the qualitative methods of natural sciences to analyze economic problems. There is a debate among economists on how to understand social reality and what kind of science the economy should be. Business is a discipline that has declared its relative independence from economics over time. Business is a research field that encompasses a wide range of areas ranging from organizational behavior of individuals to the firm’s production and marketing strategies. This book contains articles on essential topics related to these disciplines, which have an in- separable relationship between them. Academicians contributing to the book have produced works on current topics of discussion as well as key subjects that remain important in economics and management.
This book is an English translation of "Kulliyat-e Khutbat-e Sir Sayyid" (Complete Lectures of Sir Syed). This book in three volumes is a complete collection of 202 lectures give by Sir Syed between 1859-1898 on various topics in law, civics, society, and culture, majority of them related to his founding of the Muhammadan Anglo-Oriental College and the Muhammadan Educational Conference.
Man's heart is a divine gift from God which shall be examined upon his death. This has been disclosed to man as far back as 3,500 BCE in the Egyptian Book of the Dead. From literal evidence, the Chinese came from the Tower of Babel, Sumeria, present IRAQ and were monotheist. From other captivating information in the Old Testatment, and the Temple of Heaven in Beijing, The Chinese are related by blood to Abraham. The Tao Te Ching confirms the closeness between the New Testament and the Tao Te Ching between their relations. And Confusius wrote the moral laws and the Chinese practise them up to this day. My journey brought me through the ancient Chinese civilisation, Jesus Christ teachings up to the coming of the Holy Koran with the seal of God’s prophets in 633 AD. Cover picture: A Chinese Urn with an image of a Chinese mosque found in the Malacca Seas after 500 years. “He has written an interesting book on his search for God and meaning in his life. The story of how he became a Muslim is fascinating.” Professor Tommy Koh, Professor of Law, National University of Singapore “Mission Accomplished. A brilliantly chronicled autobiography of a Singapore lawyer, weaned from a childhood of eye-opening brushes with religious coexistence that step by step led to his embrace of a faith which friends – and foes alike – were caught unaware by its conviction. Tracing the roots of righteousness right down from ancient texts to modern interpretations, it is a scholarly penned chronology of his life-long desire to understand why mankind exist to do the right things. Jeffrey Low, His old Soccer mate, Ex-Straits Times Sportswriter “..... how Rugby as a ruffian’s game played by gentlemen, from which sport he made the lifelong friends; and his look at philosophy and religion, which have brought him to accept the Five Pillars of Islam. An essential read for those who wish to gain an insight on how multi-racial and religious Singapore play in the moulding of the modern Singapore persona!” Jen Shek Voon, Chartered Accountant MComm (Hons.) “Completed reading your book. I felt Qian Cheng (pious/sincere/modest) of your writings. Congratulations” Ust. Jamal Soe Thein, BA (Theology) Al Azhar Egypt and BA (Arabic Language) Rangoon, Burma
Green energy is essential to the development of a sustainable society but its output can be unstable. It is therefore necessary to develop a network where both conventional and green energy systems cooperate to generate a stable, compound supply. Compound Energy Systems: Optimal Operation Methods describes the construction and operation of compound energy systems using the latest optimization methods. The authors examine the combination of traditional and alternative energy systems, which is becoming an increasingly popular solution to green energy. Important factors such as cost, efficiency and dynamic characteristics are all considered. The green energy sources discussed include fuel cells, bioethanol reformers, geo-thermal heat pumps, solar cells and wind power. This book, a distillation of information only touched upon in other books, is aimed at undergraduate and postgraduate students, scientists, engineers and industrialists with an interest in the field.
A comprehensive guide to current issues and practices in governance for Takaful and re-Takaful operations As the global demand for Islamic insurance products increases, a thorough understanding of Takaful principles is vital for accountants, auditors, and leaders of companies offering these products. This book covers the basic accounting principles and practices of Takaful operations, including the segregation of assets, liabilities, income, and expenditures between the Takaful operator and participants; the setting aside of cash reserves for meeting outstanding claims and future claims; and the management of revenue and expenditure. Featuring extensive case studies from real-world situations, this book is the perfect primer for accounting students and practitioners unfamiliar with Islamic finance and Takaful operations. Written by experts from the International Islamic University Malaysia, the leading organisation in research in Islamic finance Covers all the major accounting principles and practices Based on real-world experience and packed with illustrative case studies For practicing accountants and business leaders, this book offers a thorough education in Takaful operations while also serving as an excellent guide for undergraduate students and researchers.
This study examines the emergence of new forms of Islamic spirituality in Indonesia identified as Majlis Dhikr. These Majlis Dhikr groups have proliferated on Java in the last two decades, both in urban and rural areas, and have attracted followers from a wide social background. The diverse aspects of these Majlis Dhikr groups - their rituals, teachings and strategies of dissemination as well as the popular understanding of these rituals and their contestation by critics and opponents - are examined in detail and illustrated by reference to three particular groups - Salawat Wahidiyat, Istighathat Ihsaniyyat and Dhikr al-Ghafilin each of which has its own distinctive features and notable religious leadership. These Majlis Dhikr groups regard their activities as legitimate ritual practices that are in accordance with the legacy of Islamic Sufism based on the interpretation of the Qur'anic and Prophetic tradition.
This book provides readers with the knowledge they need to integrate sustainable approaches into their work. Sections cover different aspects of green methods such as microwave irradiation and ultrasound sonication, some of which mostly contain solvent-free reaction conditions or water as solvent and ionic liquids, for synthesizing different compounds. Bringing together the knowledge of an expert team, this book provides a comprehensive overview of the use of green chemistry techniques, which have been frequently used in recent years, providing fewer chemicals, less energy, higher yield, etc. This book supplies a useful guide for all academic and industrial researchers across green and sustainable chemistry, medicinal chemistry, environmental chemistry, and pharmaceutical science.
The purpose of writing this book is to facilitate students in publishing review articles or research articles on technology and online learning pedagogy. This book will discuss the following important topics: online learning technology research trends in science education from 2015 to 2020 in Indonesia, Project Based Learning (PjBL) to Project Based Online Learning (PjBOL), pedagogy in online learning, planning of online learning in science education, online pedagogical assessment, and selection of online learning media platform in Indonesia.
: Rehabilitation of a patient with severely worn dentition after restoring the vertical dimension is a complex procedure and assessment of the vertical dimension is an important aspect in these cases. The book presents an over view of how to describes the full mouth rehabilitation of a patients who are clinically monitored to evaluate the adaptation to a removable occlusal splint to restore vertical dimension for a period followed by provisional restorations to determine esthetic and functional outcome for a period of 3 months. It is necessary to recognizing that form follows function and that anterior teeth play a vital role in the maintenance of oral health. Confirmation of tolerance to changes in the vertical dimension of occlusion (VDO) is of paramount importance. Articulated study casts and a diagnostic wax-up can provide important information for the evaluation of treatment options. Alteration of the VDO should be conservative and should not be changed without careful consideration.
Qazi Mohammad Adeel Abbasi was born in a devout Muslim family in eastern Uttar Pradesh and brought up in a scholarly tradition. Possessing a literary bent of mind, he aspired to become a journalist and a writer. In 1921, at a very young age, he became the Chief Editor of the daily Zamindar, Lahore’s leading nationalist Urdu paper. He soon plunged into nationalist politics, was imprisoned by the British, and never looked back. He had an eventful legislative career in the UP Assembly during 1936-56. He wrote on a variety of subjects in an inimitable style and almost always without the help of recorded notes. He has written in Urdu a study of poet Iqbal, whom he knew intimately during his days in Lahore. This work was hailed by literary critics as a landmark treatment of the topic. He also wrote a history of the Khilafat Movement in the Urdu book Tahreek-e-Khilafat, of which this book is an English translation. Arif Ansari was born in Lucknow and grew up in Aligarh, India where he attended Our Lady of Fatima Secondary School. He was educated in Electrical Engineering at AMU, Aligarh, India and SIU, Carbondale, IL. A wireless communication engineer by training and profession, he lives near Washington DC.
This book is timely and will serve as a tool for all the stakeholders and the public to effectively prevent and manage food allergies.– Dr Hemalatha R. With the advent of industrialisation followed by the information revolution, the world has witnessed a complete reshaping of general lifestyle, especially dietary habits. These seismic changes not only encompass the type of food consumed but also the way it’s produced, prepared, and stored, leading to a staggering increase in food allergies on a global scale. So far, India has remained relatively immune to this epidemic, mainly due to the preservation of traditional food habits, particularly in the non-metropolitan regions. However, as development surges forward and the Western lifestyle is more rapidly adopted, this immunity is gradually waning. Dr Arif Ahmed, a noted allergist and paediatrician, has taken the lead in raising awareness about the impending crisis of food allergies. In his new book, he tackles this pressing issue head-on and offers invaluable insights into prevention and management strategies to effectively combat food allergies. All in all, Overcoming Food Allergies is a comprehensive and empowering medical guide as well as a beacon of hope for a vast population in South Asia.
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