Imam Muhammad ibn Saud Islamic University

Imam Muhammad ibn Saud Islamic University (Arabic: جامعة الإمام محمد بن سعود الإسلامية‎) in Riyadh, Saudi Arabia, was founded in 1953. In 1951, the university was established by merging the Islamic Law College and the Arabic Language College in Riyadh. In 1974, it was granted university status by royal decree. The university houses 12 faculties. It currently has more than 24,000 students and 1,300 faculty. It has intermediate and secondary Islamic institutes in major cities of Saudi Arabia, Indonesia, Djibouti and Japan. The university as a cultural and intellectual institution aims to promote knowledge offering undergraduate as well as postgraduate studies. One of the most important aims is to promote translating and publishing as the university has its own print house. Moreover, the university achieves its goals within the Islamic Shari'a.

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A man watches at an exchange office sign showing the currency exchange rates of the Russian ruble, U.S. dollar, and euro in Moscow, Russia, in November 2024. (AP Photo/Pavel Bednyakov)

Can countries replace SWIFT? Evidence from Russia suggests not easily

Cut off from the world’s main financial messaging system, Russia turned to a domestic alternative. But research shows it fell far short of replacing the global financial network.
Digital payment technologies can support financial inclusion, especially where traditional banking services are limited. The Apple Pay app on an iPhone in 2019. (AP Photo/Jenny Kane)

Digital payments can expand financial inclusion — but only under the right conditions

New research shows that digital payment technology does not always increase financial inclusion for everyone.

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