📄️ Islamic Finance
Islamic finance refers to financial activities that comply with Shariah (Islamic law), and it is based on principles of justice, equality, and ethics. It prohibits certain practices like riba (usury), gharar (excessive uncertainty), and maysir (gambling). Instead, Islamic finance promotes the sharing of risks and rewards, ensuring a more balanced distribution of wealth and resources. Below is an overview of the core principles and products that define Islamic Finance.
📄️ Islamic Finance & Blockchain
The intersection between Islamic finance and blockchain technology lies in shared values like transparency, fairness, and justice. Islamic finance promotes financial systems based on equity, risk-sharing, and ethical principles, while blockchain offers innovative solutions that can address challenges related to trust, transparency, and efficiency. This connection presents an opportunity to enhance Islamic finance through blockchain's ability to provide secure, decentralized, and transparent financial services.