Ranking water-stressed OIC states; Hasan.VC backs halal finance; Modest fashion enters academia

September 19, 2025

Pulse of the Global Islamic Economy

Rabi al-Awwal 27, 1447 AH

Assalamualaikum,

We begin by sending prayers for our Palestinian brothers and sisters as Israel launches another major ground offensive in Gaza.

With global water demand set to climb another 20–25% by 2050, the world’s most water-stressed nations now include several OIC members.

Demand for clean drinking water far outpaces natural supply, and costly stopgaps like desalination and fossil aquifers are not the end solution. The need for smarter governance, shared resources, and long-term investment has never been more pronounced.

Meanwhile, we speak with Hasan.VC’s managing partner Umar Munshi and discuss how frontier technologies such as blockchain and DeFi can power a new era of ethical, impact-driven finance across the $2 trillion halal market.

Finally, Western universities are beginning to treat modest fashion as a serious field of study, with new research, courses, and textile innovations signalling a future where faith-based style moves from niche to mainstream.

Did you know?

The latest IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) survey results show that total foreign exchange (FX) reserves decreased to $12.36 trillion in 2024 Q4 from $12.75 trillion in 2024 Q3, mostly reflecting the depreciation of reserve currencies against the dollar.

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