Zakat bridging Middle East’s crisis; Blockchain in Islamic finance; Dubai markets affected

Pulse of the Global Islamic Economy

Ramadan 29, 1447 AH

Assalamualaikum,

We lead this week's newsletter with the transformative role of Zakat that has morphed from a religious obligation to a major source of funding for emergency relief and essential services.

On the technology front, we speak with Abdul Rafay Gadit, co-founder of ZIGChain, about how certifications can help advance blockchain adoption across the Islamic finance landscape.

And, as Ramadan draws to a close, we wish you and your families a blessed Eid, alongside a prayer for peace and safety for all.

Did you know?

The UAE is home to more than 81,000 millionaires — a figure that has more than doubled between 2014 and 2024 — including over 200 centimillionaires and 20 billionaires, and in 2025 alone is projected to attract around 9,800 new millionaires, bringing an estimated $63 billion in personal wealth, the highest inflow globally.

Your feedback matters:

What did you think about today’s email? Your feedback is our guiding star to deliver top-notch content straight to your inbox.

Login or Subscribe to participate in polls.