2023-04-04 16:51:38
«I see that blockchain can be a solution to establishing an inclusive Shariah-compliant financial ecosystem in the digital space, which would also boost the growing global Islamic economy. It creates a great opportunity for Islamic investors to engage in the crypto space.
As cryptocurrencies are on the verge of mass adoption, a Shariah-compliant blockchain can allow the Muslim people to join the ongoing tech revolution and reap the benefits of the new digital economy.
Islamic Finance had a 25%+ yearly growth, with a growing Muslim community of more than 1.8 billion. I see this market and community are underserved in the DeFi world. However, blockchain is an excellent matching technology with Sharia’s finance ethics and values.
Blockchain is transparent, reliable, and traceable, so having a Sharia-compliant ecosystem in the DeFi world will furnish the way for more adoption for the non-crypto native community and will boost the development of many Sharia-compliant products.» — Mohammed AlKaff AlHashmi, co-founder of Islamic Coin.
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