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Blockchain Firm Algorand Announces Sharia Certification for Islamic Finance

News The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing. According to a press release on Oct. 21, Islamic institutions can now start using the proof-of-stake Algorand blockchain for economic exchange, stating: “Islamic enterprises will no..

Fintech Firm Partners With R3 to Develop Shariah-Compliant Market Platform

News Dubai-based fintech company Wethaq has entered into a strategic partnership with enterprise software firm R3, in order to create a platform for issuing and trading sukuk securities based on R3’s Corda offering. A platform for Islamic securitiesAccording to a press release on Aug. 28, Wethaq’..

Islamic Finance Expert: ‘Halal Coin’ a Matter of Time and Awareness

News The issue of Shariah acceptability of crypto is a matter of time and raising awareness, according to an Islamic finance expert based in Malaysia. Skepticism of crypto stems from uncertaintySuhaida Mahpot, CEO of major Shariah advisory firm Amanie Advisors, suggested that the existing skeptici..

Bittrex Launches Crypto Platform for Middle East Following New Partnership

News Bittrex cryptocurrency exchange is partnering with Bahrain-based crypto exchange and custodian provider Rain Management WLL to launch a digital asset trading platform for customers in the Middle East and North Africa (MENA). The new platform will purportedly combine Rain’s staff and expertise..

Middle East Blockchain Development Primed to Lead the Global Industry

The United Arab Emirates is currently spearheading the Gulf crypto revolution, Ethereum seeks partnership ties

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