Iran Press/ Asia: Speaking at the 1st Roundtable Session of the Priority of Development and the Challenges at the Kuala Lumpur Summit, Iranian President Hassan Rouhani said: "Today, under insurance sanctions, we could start a kind of insurance related to Islamic countries in cooperation with some other countries' insurance companies."
Stressing on the importance of cooperation among Islamic nations, Rouhani said "The first field is financial, monetary, banking and insurance cooperation. We know that today, many of our economic developments rely on foreign insurance and major countries, while we, the Islamic countries are capable of investing in insurance."
"Regarding financial issues, Islamic countries should cooperate with each other with their national currencies and while the dollar is dominant, we won't be economically independent," Rouhani noted.
"There are many fields for synergy in the Islamic world today. It is important for us to be able to develop cooperation with prudent, mature steps. We believe that we can get closer to each other in five fields of economy," he said.
The President said: "We can agree on a short-term and mid-term action plan and provide a mechanism for the constant monitoring of issues for finding a realistic solution. Let it be clear to everyone that the goal of this new move, which we can call IDF, is the perfection of Muslim societies."
Rouhani added: "Today, it has become clear to everyone that in the long run, moving towards development without paying attention to historical values and religious beliefs can have very destructive effects on our societies. It is time to think of a place that the Islamic Ummah deserves."
He went on saying: "The Islamic Ummah will not achieve its true place unless it regains the lead of friendship and free Muslims from the chains of anger and hatred. The Islamic Republic of Iran is ready to cooperate with other Muslim countries."
"On the issue of Modern Technologies, Islamic countries have had specific developments. We are independent in this field. In oil and gas technologies, under sanction situation, we have started to construct compressors and turbines and there is no need for foreigners in manufacturing these products," Iran's President said.
"In the Islamic world, we are powerful to develop industries as we are together," Rouhani added.
Regarding the trading issues, he said: "We can stand together with the production of Halal food. Since even some non-Muslims in the developed countries have been attracted by Halal food, we can organize a great movement in the world market by Halal food and services."
"With the emergence of the new technology of blockchain, we can found our own cryptocurrency with the contribution and cooperation of our central banks, and as Mahathir Mohamad was pursuing the Islamic Dinar last year, we may be able to create a new currency in the World of Islam and take advantage of digital currencies," he mentioned.
He maintained that: "The other field is modern technologies, in which Islamic countries have had considerable developments. In many fields of modern technologies, we are capable of standing on our own feet. The third field of trade."
"We have been able to stand alongside each other in the Muslim world, especially in the fields of halal goods and services. The other sector is tourism. In the Muslim world, we have very good opportunities for tourism in terms of culture, history, cultural heritage, handicrafts and weather, which we can promote to develop the tourism industry," Rouhani said.
The President of the Islamic Republic of Iran said: "The main reason that superpowers have not be able to damage our independence and sovereignty in the past 41 years is because of democracy and people’s active presence," adding: "In the past 40 years, we have held 38 elections, in which people have attended in large numbers. Today is the day of deciding to contribute to the progress of the Muslim world through cooperation, and we have to work together and alongside each other."
He went on saying: "The other topic that I would like to mention is cooperation in cultural and social fields. I suggest that we put the topic of establishing a tourism network, an information network among Islamic countries, joint research in the field of artificial intelligence and establishing a market for cultural and media products of Islamic countries on the agenda."
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