Halal Metaverse: Beyond Shariah-Compliant Contracts
A halal metaverse has certain distinct features. Similar to any other metaverse, it is a shared virtual world. However, in the halal metaverse, all transactions…
Category: Blockchain & DLT
CBDCs for Indonesia – 1 (Project Garuda)
Background In May 2021, Bank Indonesia announced its intention to launch a CBDC to be known as Digital Rupiah. Three reasons were cited for this…
Decrypting Cryptocurrency – III
Characteristics of Money in Islam (Shaykh Dr Sajid Umar, Standing Shariah Committee, Islamic Council of Europe (ICE), interviewed by Usman Malik) Continued from Decrypting Cryptocurrency…
Why I Voted for Algorand – IV
Let the green and clean technology win! These were the concluding lines of my last blog. Little did I realize then the current spotlight on…
Why I Voted for Algorand – II
In the first part of this series on why I voted for Algorand protocol for developing IBFx as the token of IBF Net, I underlined…
IBFx: The Future Currency of Islamic DeFi
IBFx is being designed as the crypto currency of IBF Net: The Islamic Business and Finance Network. With the introduction of this currency, the network…
Islamic DeFi: Back to Basics – V
In the first and second blogs dedicated to the subject of Islamic Decentralized Finance (DeFi) we attempted to trace the trajectory of what we know…
Islamic DeFi: Back to Basics – IV
Simplicity is not just a virtue. It is an imperative in Islamic finance. Let us keep the game simple and comprehensible. Let us play the…
Islamic DeFi: Back to Basics – II
DeFi, we should. Disrupt, we must. (Click here for Part 1 of this series) The positive contribution of Islamic microfinance to Islamic finance in general…
Blockchains through the Lens of Islamic Economics
Verifiability, traceability, immutability, validation through consensus, sharing through network, inter-generational distribution – attributes and concepts common to block chain methodology have a root in Islamic…