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Nalezeno "Sharia": 21

Qatar Tech Firm Launches Platform for Tokenized Islamic Finance Contracts

27.10.2024
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,...

Uzbekistan’s Islamic Authority Retracts Fatwa Against Cryptocurrency, Issues Apology

7.6.2024
Uzbekistan’s highest Islamic authority has retracted a fatwa it issued on June 3 that deemed trading with cryptocurrencies impermissible. This declaration, which stated that cryptocurrency trading violated Sharia law, was mistakenly released on social media due to an oversight. In response...

Islamic Coin in Pact With CoinDesk Indices to Discuss Sharia-Compliant Benchmarks

14.9.2023
Islamic Coin is the native currency of HAQQ, a network focused on developing a Shariah-compliant financial ecosystem

‘Islamic Coin’s Legitimacy as a Sharia-Compliant Cryptocurrency Is Proven by Its Fatwa’ — Co-Founder

10.9.2023
According to Mohammed AlKaff AlHashmi, the co-founder of “Islamic Coin,” Muslim scholars will increasingly view cryptocurrencies as being “Shariah-compliant” if they function as a store of value or are used as a medium of exchange. Alhashmi added that Islam’s...

Oman's Multi-Million Crypto Investments Trigger Sharia Compliance Discussion

28.8.2023
The Sultanate of Oman is continuing its push into the world of cryptocurrency with a series of multi-million-dollar investments. The country, located on the southeastern coast of the Arabian Peninsula, aims to establish itself as a digital hub in a highly competitive region. The government...

Sharia-Compliant Islamic Coin Secures $200 Million in Funding From ABO Digital

29.6.2023
Islamic coin, a Sharia-compliant crypto asset, has secured $200 million from ABO Digital, which brings to $400 million the total funding that the project has received. The latest capital raise is expected to give the crypto project access to funding of up to $200 million as well as to ensure that...

DeFi platform sees strong interest in halal-approved crypto products

20.9.2022
Navigating crypto is made more difficult for those with religious considerations and the founder of an Islamic law compliant DeFi platform has thousands of users seeking approved cryptocurrencies

Digital Asset Exchange Coinmena Secures Provisional License Allowing It to Operate in the UAE

20.6.2022
Coinmena, the Bahrain-headquartered and sharia-compliant digital asset exchange, announced recently that it had secured a provisional virtual assets license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license allows Coinmena to not only expand its activities but...

Indonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims

11.11.2021
Indonesia’s top Islamic body, the country’s authority on Shariah compliance, has reportedly declared cryptocurrency haram, forbidden for Muslims under Islamic law. The Indonesian Ulema Council explained that crypto has elements of uncertainty, wagering, and harm. Cryptocurrency...

Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency

28.10.2021
A provincial branch of one the largest Islamic organizations in Indonesia has declared cryptocurrency “haram,” or forbidden under religious law. The decision came after a “heated discussion” joined by a crypto expert who was invited to explain in detail the practice...

New Australian Islamic finance DeFi platform is ‘guided by Sharia’

14.5.2021
Islamic finance is not always compatible with DeFi's focus on risk and yield. A new platform aims to blend the best of both

New Exchange To Offer Sharia-Compliant Bitcoin, Ethereum, XRP Trading

25.1.2021
Source: Adobe/chomplearn_2001 The Central Bank of Bahrain (CBB) has issued a license to CoinMENA, a Bahrain-headquartered new crypto exchange preparing for its launch, allowing the business to offer its services across the region in compliance with the Sharia law. CoinMENA aims to make its platform...

Bahrain central bank licenses Sharia-compliant crypto exchange

25.1.2021
Bahrain-based crypto exchange CoinMENA acquired a major license ahead of its launch in several countries including the UAE and Saudi Arabia

Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities

16.10.2020
A shariah compliance expert, the current chairman of the Shariah Advisory Council at Malaysia’s central bank and a shariah board member at many financial companies, says that cryptocurrency is a legit commodity that can be exchanged. Cryptocurrency and Shariah Compliance Cryptocurrency...

Malaysian Shariah Council Permits Cryptocurrency Investing and Trading

10.7.2020
The Shariah Advisory Council of Malaysia’s securities commission has advised that it is permissible to invest and trade cryptocurrencies on registered crypto exchanges. About 60% of the country’s population are Muslims, many of whom have been reluctant to trade crypto in fear that...

Sharia Compliance in Bitcoin – What It’s All About, and Why Exchanges Like Beldex Seek Muslim Traders

29.2.2020
Money is a critical part of everyone’s life, and for the religious it is even viewed as a matter of eternal consequence. While those on the outside may be unaware of the importance finance takes on in circles of faith, these beliefs nonetheless affect and impact the businesses and economies...