Latest news with #Mamun
Focus Malaysia
a day ago
- Business
- Focus Malaysia
A Bangladeshi worker's tearful farewell highlights the power of workplace kindness
ALL it takes is a little appreciation to make the world go round. Although employees are paid to do their work, we never forget they are humans with thoughts, emotions, ideals and dreams. And like they say, happy employees equal successful business. After all, the service we provide to our client is only as good as the people who operate it. That said, a restaurant owner takes this principle to heart in a heartwarming video as seen in a video on X. In the video, the owner of the restaurant could be seen trying to find fault with his Bangladeshi workers, Mamun. The initial conversation showed that the worker had did something wrong and they were not going to pay his salary. Indahnya pemandangan apabila manusia tahu memanusiakan sesama manusia.🫶 mesti dia pekerja yang baik. — ًِ (@bckupacc99) July 27, 2025 But the truth quickly revealed itself with a cake to celebrate Mamun, who was soon to leave. The video ended with Mamun hiding in a corner to cry, being touched by the act of kindness. Netizen @wiraEhsn who watched the video said Mamun wasn't crying, but he was. On the other hand, @adamapotek disagreed with their method, saying it was not right to keep someone in distress before celebrating. Separately, the United Nations Human Rights Council has raised serious concerns over the treatment of Bangladeshi migrant workers in Malaysia. In a 2024 report, UN experts described the living conditions of many of these migrants, especially those who have been in the country for extended periods, as both unsustainable and lacking in basic dignity. The report highlighted that upon arriving in Malaysia, numerous Bangladeshi workers discovered that the jobs they were promised simply did not exist. As a result, many ended up overstaying their visas, putting them at risk of being arrested, detained, mistreated, or even deported. The UN also flagged the involvement of transnational criminal networks exploiting the recruitment process. These syndicates reportedly deceive workers with false job offers, charge excessively high recruitment fees, and often operate through fake or unlicensed companies, leaving many migrants trapped in cycles of debt and exploitation. Mamun's story had a happy ending, but for many others, unseen and unheard, they do not enjoy such fortune. —July 28, 2025 Main image: @bckupacc99 (X)
Muscat Daily
10-06-2025
- Business
- Muscat Daily
UAE's Fuze signs MoU with Oman's Mamun to facilitate trade finance via stablecoins
Abu Dhabi, UAE – UAE-based regulated digital assets infrastructure provider, Fuze, has signed a strategic memorandum of understanding (MoU) with Mamun, a Sharia-compliant alternative finance and investment platform headquartered in Oman and expanding across the UAE and wider GCC markets. The agreement will enable both regional and international retail and institutional investors to participate in short-term, Sharia-compliant financing of trade-driven businesses using USDT (Tether's US dollar-pegged stablecoin). These businesses will then be able to access fiat financing in local currency to pay suppliers and support both domestic and cross-border trade. This aims to help enterprises tap into new sources of finance from a broader pool of investors, according to a press release. The trade credit gap in the MENA region stands at an estimated $250bn, with the global figure exceeding $1tn. Small and medium-sized enterprises (SMEs) are particularly affected, often underserved or excluded by traditional financial institutions. Meanwhile, the MENA region alone is home to over 40mn crypto investors, with an estimated holding value of $300bn – yet they have limited access to low-entry, high-yield, Sharia-compliant trade finance opportunities. The partnership marks one of the region's first efforts to bridge regulated digital asset infrastructure with traditional private credit markets. Under this collaboration, Fuze will provide the digital asset rails – including on/off ramp solutions, custody and conversion – while Mamun will originate Sharia-compliant trade finance opportunities. The agreement will allow for swift and compliant settlements in SME trade financing and address pain points associated with the movement of capital across borders. In a press release, Mo Ali Yusuf, CEO of Fuze, said, 'The alignment between Fuze and Mamun highlights a growing trend – the use of stablecoins like USDT not just for trading or remittance, but as a tool for working capital and liquidity in real-world finance.' Mohammed al-Tamami, Chief Commercial Officer at Mamun, added, 'Bringing stablecoins into Sharia-compliant private credit opens new avenues for cross-border trade finance. At Mamun, we're not just innovating – we're aligning digital asset infrastructure with the capital needs of the real economy. This collaboration with Fuze allows us to better serve both investors and businesses.' Mamun is an alternative finance and investment platform based in Oman, focused on transforming short-term trade finance into an investable asset class. Serving investors from over 45 countries, Mamun has facilitated nearly $10mn in Sharia-compliant trade financing since its launch in Q3 2023, and is targeting $20mn in 2025 alone. Mamun's investor base includes retail participants, high-net-worth individuals, and family offices. Its microservices architecture also powers systems at Oman Housing Bank and three major telecommunications providers, demonstrating its capability to scale embedded finance infrastructure across multiple sectors. Fuze is the MENA region's first regulated digital assets infrastructure provider of its kind, offering financial institutions and enterprises cutting-edge tools to integrate digital asset services securely and efficiently. Through a solutions-based approach, Fuze enables financial services providers to strategise, implement, and launch secure, regulated, world-class products across wealth management and payments.
Time of India
01-06-2025
- Politics
- Time of India
Bangladesh begins Sheikh Hasina trial on mass murder charges
File photo: Former Bangladeshi PM Sheikh Hasina DHAKA: Prosecutors at Bangladesh's International Crimes Tribunal (ICT) on Sunday formally charged former prime minister Sheikh Hasina and two others with crimes against humanity and other charges, including mass murder, for their alleged role in a violent crackdown last year in which hundreds of people were killed. The other two charged for the crimes with Hasina are former home minister Asaduzzaman Khan Kamal and former inspector general of police (IGP) Chowdhury Abdullah Al Mamun. "We do hereby take into cognisance the charges," the three-judge ICT bench led by Justice Golam Mortuza Majumdar said after a prosecution team accused them of attempting to tame the student-led protests using brutal force. The tribunal ordered investigators to present all three accused before the court on June 16. Mamun is in police custody. Hasina and Kamal are residing abroad. Sunday's proceedings marked the start of Hasina's trial in absentia nearly 10 months after the ouster of her government following protests. Under ICT law, if convicted, Hasina and the co-accused could face the death penalty. Proceedings aired live, a first for Bangladesh The proceedings were broadcast live on television for the first time in Bangladesh's history. The complaint, submitted by chief prosecutor Tajul Islam, outlined five counts of alleged crimes, including murder, attempted murder, torture and other inhumane acts. The accused are also charged with abetting, inciting, facilitating and being complicit in, as well as failing to prevent, a series of crimes reportedly committed against civilians by law enforcement agencies and armed affiliates of the Awami League. One count specifically refers to a violent crackdown on unarmed student demonstrators, which allegedly followed a press briefing by Hasina on July 14. Prosecutors claim that in the aftermath, Kamal, IGP Mamun and other senior government officials were directly involved in enabling and overseeing the assault. 'Upon reviewing the evidence, we concluded that it was a coordinated, widespread and systematic attack,' Islam told the court. 'The accused unleashed all law enforcement agencies and her (Hasina's) armed party members to crush the uprising.' The ICT was set up by Hasina in 2009 to investigate crimes committed by the Pakistani army during Bangladesh's war for independence in 1971. Six top leaders of Bangladesh Jamaat-e-Islami and one leader of former PM Khaleda Zia's Bangladesh Nationalist Party were hanged to death after being convicted by the court. According to a UN rights office report, some 1,400 people were killed between July 15 and Aug 15 last year as violence continued even after the fall of Hasina's Awami League regime.
