The fatwa pointed towards two critical issues with cryptocurrencies that make them illegal as an investment tool as well as a medium of exchange.
New Australian Islamic finance DeFi platform is ‘guided by Sharia’
Islamic finance is not always compatible with DeFi’s focus on risk and yield. A new platform aims to blend the best of both.
Abu Dhabi Bank Settles $500 Million Bond on a Blockchain
Abu Dhabi-based Al Hilal Bank has carried out a blockchain-based transaction for an Islamic bond worth $500 million.
Microfinance Firm Plans Issuance of Shariah-Compliant Blockchain Bonds
An Indonesian microfinance firm is looking to put Sharia compliant bonds called sukuks on the blockchain to fund social projects.