Fintech PR
Equality Now: Marital property law reform is needed in MENA countries to end discrimination against wives
BEIRUT, Nov. 29, 2023 /PRNewswire/ — Divorced women and widows are frequently denied a fair share of marital assets in the Middle East and North Africa (MENA) because of discriminatory family laws and practices. This often overlooked but important issue is examined by lawyer and human rights activist Nasser El-Rayes in an illuminating new book published by Equality Now and the Women’s Center for Legal Aid and Counseling.
“The Distribution of Marital Property After the End of a Marriage Under International and Islamic Law,” compares laws in Tunisia, Morocco, Algeria, and Palestine, and examines the distribution of joint property between spouses after a marriage ends. El-Rayes analyzes Sharia law governing divorce and spousal inheritance and summarizes arguments in Islam around distribution of marital property.
In MENA countries, traditional gender roles typically result in women making significant non-financial contributions to the family through housework, child and elderly care, and other domestic tasks.
Legal systems and social norms widely undervalue or overlook these non-financial contributions, particularly when dividing marital assets in divorce and death, with family laws commonly focusing solely on spouses’ financial contributions. This means that after divorce, husbands who have performed work of a financial nature retain exclusive ownership of marital earnings and assets, regardless of whether a wife’s domestic labor has enabled him to earn income outside the home.
El-Rayes argues this discrepancy is inconsistent with principles of Islamic jurisprudence (fiqh), in which division of joint property in divorce and marital inheritance is governed by specific rules outlined in Sharia law. He cites Islamic scholar Maliki jurist Ahmed ibn Ardun’s decree that a wife has the right to receive half her husband’s wealth following divorce or his death, and El-Rayes provides the example, during the caliphate of Omar Ibn Al-Khatab, of a wife awarded equal share of her husband’s wealth because she contributed to its creation.
El-Rayes also highlights the Islamic concept of al-kadd wa al-se’aya – ‘toil and effort’ – which involves wealth creation in the family. This establishes that upon division of that wealth, all parties are entitled to receive a percentage equivalent to their contribution. Domestic work by wives is a significant component in the creation of marital wealth.
The Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW) is an international treaty that aims to eliminate discrimination against women and promote gender equality in various spheres of life, including marriage and family relations. CEDAW emphasizes that in the distribution of marital assets during divorce, financial contributions like income and non-financial contributions such as childcare and homemaking performed by spouses should be considered equally.
All MENA countries must guarantee the equal rights of spouses to property acquired during marriage, and El-Rayes gives recommendations for governments to implement to ensure wives receive their fair share of marital property after divorce, in line with international law.
Dima Dabbous at Equality Now says, “El-Rayes’s book is a valuable resource for those interested in the fair distribution of marital property under international and Islamic law, and it’s a must-read for policymakers and women’s rights campaigners.”
“Women’s rights organizations across the MENA are collaborating in concerted efforts to advocate for much-needed reform of family laws that discriminate against women and girls. This includes awareness-raising about the urgent need to strengthen and secure wives’ financial rights.
“The huge contributions wives make to their family’s financial well-being must be viewed as intrinsic to the accrual of wealth during marriage. It’s only through reform of discriminatory family laws, such as those governing divorce and inheritance, that true equality within the family is achievable.”
Media contact – Tara Carey, [email protected], (0)7971556340
View original content:https://www.prnewswire.co.uk/news-releases/equality-now-marital-property-law-reform-is-needed-in-mena-countries-to-end-discrimination-against-wives-301999922.html
Fintech PR
AIMA Technology Welcomes Top U.S. Dealers to Shape the Future Together
TIANJIN, China, Dec. 24, 2024 /PRNewswire/ — On December 7, 2024, AIMA Technology Group warmly invited a delegation of five top-performing U.S. IBD dealers to visit its headquarters. Accompanying the group was Angela Zheng, CEO of AIMA’s U.S. subsidiary, AIMA EBIKE, along with her sales, marketing, and customer service teams. This visit not only marked a deepened connection between AIMA and the mainstream U.S. market but also provided U.S. dealers with a valuable opportunity to witness AIMA Technology’s globally leading capabilities in research, development, and manufacturing of electric mobility solutions.
The delegation first toured AIMA’s state-of-the-art factory in Tianjin. Aima Technology possesses production factories with extremely high levels of intelligent manufacturing Additionally, AIMA has integrated advanced technologies such as AI visual recognition and established a CNAS-certified R&D laboratory, maintaining its industry leadership in intelligent transformation. During the tour, the dealers were deeply impressed by AIMA’s cutting-edge technology, large-scale production capabilities, and relentless pursuit of excellence in product development and manufacturing. They expressed that this rare visit not only enhanced their understanding of AIMA but also strengthened their confidence in promoting AIMA products as a symbol of outstanding performance and exceptional quality to their customers.
Furthermore, AIMA Technology’s R&D team engaged in in-depth discussions with the dealers regarding the new models AIMA EBIKE plans to launch in 2025. The dealers test-rode prototypes of the latest models and shared their innovative insights. They expressed high praise for AIMA’s product innovation capabilities and market acumen, recognizing these as key factors that distinguish AIMA in the industry.
Later, the dealers joined AIMA Technology’s team to witness the rollout of the 10,000th AIMA E-Bike. This milestone moment showcased AIMA’s exceptional manufacturing strength and market influence. The dealers were inspired and expressed strong confidence in the promising future of their partnership with AIMA.
This visit from the top-tier U.S. dealer delegation not only deepened mutual trust and friendship but also injected new momentum into AIMA’s ambition to become a leader in the U.S. E-Bike industry by focusing on the IBD channel. Looking ahead, AIMA Technology will continue to strive to provide market-leading performance and quality, enhancing its product development and manufacturing capabilities while working hand-in-hand with global dealers to create an even brighter future.
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View original content:https://www.prnewswire.co.uk/news-releases/aima-technology-welcomes-top-us-dealers-to-shape-the-future-together-302338745.html
Fintech PR
FXGiants Online Trading Platform Launches Bonus Initiative to Reward Traders
HAMILTON, Bermuda, Dec. 19, 2024 /PRNewswire/ — FXGiants has recently launched a series of exciting bonuses. Participants on the FXGiants‘ online trading platform can now amplify their trading potential with a broad spectrum of bonuses that are tailored to fit different trading needs. These bonuses not only add extra value but also act as a safety net for traders to explore the financial markets without risking too much.
“Our goal with these deposit bonus options is to empower traders of all levels,” said Christopher Oates, the spokesperson for FXGiants. “Under this scheme, we have diverse categories, including Bonus Maximiser, Booster Bonus, and the Bonus Advantage. These bonuses are designed to provide flexibility to clients as they trade on the FXGiants online trading platform.”
Exploring the FXGiants Bonus Options
The bonus options at FXGiants come with versatile advantages. The Bonus Maximiser provides a full 100% boost on all deposits without limit, whereas the Booster Bonus offers a 40% bonus on all deposits up to $4,000 for traders who want to moderately enhance their capital. On the other hand, the Bonus Advantage provides a 60% bonus on deposits up to $5,000, giving traders a better handle on risk. These bonuses enhance the trading experience on the FXGiants online trading platform.
“At FXGiants, we are committed to a trading environment that meets the evolving needs of our clients,” Oates added. “Our online trading platform is a robust ecosystem designed to support traders with advanced execution, extensive market insights, and continuous improvements. As we move forward, we will keep expanding our offerings to ensure that traders have access to the best resources and support.”
About FXGiants
FXGiants stands out as an international broker providing access to over 300 financial instruments across 6 asset classes. Traders can operate through the popular MetaTrader 4 platform, and benefit from exceptional trading conditions such as competitive spreads, flexible leverage, and fast execution. With deposit boosters, partnership programs, an educational blog, and account types tailored to both novice and experienced traders, FXGiants remains dedicated to delivering a one-stop trading solution.
Terms & Conditions apply. Bonus cannot be withdrawn.
All trading involves risk. It is possible to lose all your capital.
FXGiants is a trade name of Notesco Int Limited; a company incorporated in Anguilla with registration number A000001800 and registered address The Valley, AI2640, Cosely Drive, 1338, AI.
Website: https://www.fxgiants.com/
View original content:https://www.prnewswire.co.uk/news-releases/fxgiants-online-trading-platform-launches-bonus-initiative-to-reward-traders-302338463.html
Fintech PR
CKGSB Successfully Hosts 2024 MBA Professor Training Program for Western China
BEIJING, Dec. 23, 2024 /PRNewswire/ — Cheung Kong Graduate School of Business (CKGSB) successfully hosted the Western China MBA Professor Training Program in collaboration with the China National MBA Education Supervisory Committee and Shantou University School of Business on December 17 and 18, 2024. 58 professors from over 40 universities in China nationwide, mostly western China, attended this training.
Since 2007, CKGSB has been aspiring to address the pressing disparities in management education between eastern and western China with its MBA professor training program. As of 2024, the program has trained 372 professors from 155 universities across 22 provinces, 4 autonomous regions, 3 direct-administered municipality in China, indirectly impacting tens of thousands of MBA students.
This year, the training focused on social innovation and business for good, a topic many participating professors found lacking in their day-to-day teaching and research. Professor ZHU Rui (Juliet), CKGSB Professor of Marketing and Director of the ESG and Social Innovation Center, led the training. She introduced how CKGSB has been innovating with the integration of business for good in management education, and how our relevant practice-based course has already helped 2,800+ students integrate ESG into their businesses. Professor Zhu also hosted an interactive workshop with the training’s participants on how they may build this idea into their teaching.
Participants shared in their post-program survey that Professor Zhu’s teaching and her ESG Assessment map gave them a new perspective on how to balance profits and social responsibilities. Many also felt inspired on how to bridge the gap between research and practice.
Recognized in CKGSB’s 2022 and 2024 ESG and Social Innovation Reports and honored as a finalist for the 2021 China Social Impact Award by the United Nations and British Chamber of Commerce, this program exemplifies CKGSB’s impact in this critical area. Through partnerships with the government, NGOs, and business schools, this initiative has made significant progress in promoting quality education and reducing inequalities.
For more information on CKGSB’s ESG and social innovation efforts, visit our ESG and social innovation website.
About CKGSB
Established in Beijing in November 2002, CKGSB is China’s first privately-funded and research-driven business school. The school aims to cultivate transformative business leaders with a global vision, sense of social responsibility, innovative mindset, and ability to lead with empathy and compassion (https://english.ckgsb.edu.cn).
View original content:https://www.prnewswire.co.uk/news-releases/ckgsb-successfully-hosts-2024-mba-professor-training-program-for-western-china-302338458.html
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