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Qatar Tech Firm Launches Platform for Tokenized Islamic Finance Contracts


Blade Labs, a Qatari tech company, has launched a platform for tokenizing Murabaha contracts, a type of Islamic finance. This innovation allows for broader access to Sharia-compliant financing, both for financial and non-financial institutions. Tokenized Sharia-Compliant Contracts Blade Labs,...

Qatar Financial Centre Activates Digital Assets Lab


Qatar Financial Center (QFC) has launched its Digital Assets Lab, selecting 24 participants to develop innovative digital solutions using distributed ledger technology. Key partners include Google Cloud, Masraf Al Rayan, The Hashgraph Association, and R3. Lab Participants to Lead Digital...

Qatar Unveils 2024 Digital Assets Framework


Qatar has launched a new framework to regulate digital assets, aiming to create a secure and transparent ecosystem. The framework is expected to attract domestic and international players and support the development of a thriving financial services sector in Qatar. Building Foundation for Digital...

Tether Invests $3 Million in Kem App to Boost USDT Usage in the Middle East


Stablecoin issuer Tether has announced a $3 million strategic investment in the Kem app, a platform for money transfers and financial management. This collaboration aims to introduce USDT on Kem’s platform, promoting widespread adoption in the Middle East and enhancing financial inclusion....

Central Bank of Qatar Announces CBDC Project


The Central Bank of Qatar recently announced the completion of the infrastructure development supporting an in-house-built CBDC. The bank estimates that the project will enter its experimental stages this year in October, allowing several national and international banks to test the functionality...

FINNOVEX Qatar 2024 to spearhead the financial revolution


The stage is set for the most anticipated financial event of the year, FINNOVEX Qatar 2024, scheduled to take place on the 25th and 26th of June at the prestigious Waldorf Astoria Doha West Bay. Under the theme “Igniting the Financial Revolution,” this premier gathering will delve into...

Central Banks Resumed Gold Purchases in June


Central banks ramped up gold purchases in June, according to statistics from the International Monetary Fund (IMF). In this period, central banks added 55 tonnes of gold to their reserves after three months of net selling, with China purchasing the most gold (21 tonnes). Central Banks Back...

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