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The role of BRICS in challenging dollar dominance: Prospects of a common currency Waqeem Akram; Shehar Bano; Zeeshan Ali; Shumaila Akram
Priviet Social Sciences Journal Vol. 6 No. 2 (2026): February 2026
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/pssj.v6i2.1055

Abstract

In this paper, the researcher examines how the BRICS can break the global hegemony of the United States Dollar (USD) and the future of establishing a common currency. The paper is concerned with economic and political reasons behind the initiative, the viability of such a project, and its larger implications in the world context. The study applies a qualitative, comparative and analytical design to use secondary materials such as scholarly research, policy documents and foreign financial information. The Eurozone and de-dollarization in Russia and China are also the case studies that may be viewed as providing comparative information. Results indicate that dissatisfaction with dollar hegemony is increasing especially among emerging economies that are considering it as an instrument of vulnerability to external shocks and sanctions. The BRICS members also seek to cut on the use of USD by encouraging the local currencies trade, creating systems of payment and discussing a common currency. Nonetheless, the project has major challenges such as economic heterogeneity, leadership asymmetry, poor institutions, and lack of credibility. This paper concludes that although a BRICS common currency is still a distant dream, current efforts already portend a slow transition to financial multipolarity. This adds to the world discussions of currency power and brings about the possibility of a more pluralistic world monetary system.
Digital Mediation of the Quran and Transformation of Religious Literacy in the Modern Southeast Asia: A Critical Analytical Review Shehar Bano; Waqeem Akram
Indonesian Journal for Islamic Studies Vol. 4 No. 2 (2026): Vol. 4 No. 2 (2026): Indonesian Journal for Islamic Studies
Publisher : CV Media Inti Teknologi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58723/ijfis.v4i2.717

Abstract

The article focuses on the critical analysis of how digital media mediate the activities involving engagement with the Quran and how it changes the religious literacy in modern Southeast Asia. The scholarship of the study on digital religion, interdisciplinary scholarship in Islamic studies, and the theory of religious literacy analyzes the impacts of mobile Qur'an applications, social media platforms, and online educational initiatives on the transformation of Quranic access, interpretation, as well as authority. The paper constructs a multidimensional system of digital Quranic religious literacy, including textual, interpretive, ethical, and authority-related competencies through a qualitative/critical analytical method using secondary literature. The study shows that digital mediation has contrasting literacy results, which are influenced by platform logic, institutional regulation, language, and local culture, using a comparative analysis of Indonesia and Malaysia. Even though digital media provide opportunities for increased accessibility and informal and lifelong Quranic education, particularly among young people, they bring about chances of fragmentation, insufficient engagement, and inadequate scholarly mediation. It should be reflected in the article that digital transformation does not displace classical Islamic epistemology and does not presuppose a rise of literacy, but, on the contrary, one must integrate pedagogies, govern ethically, and find a new interpretive responsibility. The research has a theoretical and regional contribution to the discourse on digital religion and education in Islam and religious authority.