Resolving the Shariah-Ethical Issues with Token Offerings – II
In part 1 of this blog we presented an overview of mechanisms for initial offerings as these have evolved in the crypto markets. In this…
Category: crypto
Resolving the Shariah-Ethical Issues with Token Offerings – I
Market observers have time and again pointed at serious ethical issues and shortcomings with the initial offerings of crypto tokens. Bad practices in the form…
CBDCs for Indonesia -2 (Lessons from International Experiments)
Global interest in CBDCs has steadily increased in recent times. Recent reports suggest that as many as 100-plus countries, are currently exploring a CBDC, up…
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 Cryptos – VII
NFTs from an Islamic Perspective (Shaykh Dr Sajid Umar, Standing Shariah Committee, Islamic Council of Europe (ICE), Interviewed by Usman Malik) Continued from Decrypting Cryptos…
Decrypting Cryptos – VI
Tokens from an Islamic Perspective (Shaykh Dr Sajid Umar, Standing Shariah Committee, Islamic Council of Europe (ICE), Interviewed by Usman Malik) Continued from Decrypting Cryptos…
Decrypting Cryptos – V
Islamic Arguments against Cryptocurrencies (Shaykh Dr Sajid Umar, Standing Shariah Committee, Islamic Council of Europe (ICE), Interviewed by Usman Malik) Continued from Decrypting Cryptos –…
Decrypting Cryptocurrency – IV
Islamic Rulings on Bitcoin and Altcoins (Shaykh Dr Sajid Umar, Standing Shariah Committee, Islamic Council of Europe (ICE), Interviewed by Usman Malik) Continued from Decrypting…
Using Metaverse Technology to Create an Islamic Meta Economy
Increasingly commonplace among the internet community, the term “metaverse” evokes mixed reactions as it is subjected to varied interpretations. At one extreme, Muslims are particularly…
When Salam is Used to Justify Sale of Non-Existent Tokens
Public memory is notoriously short. Initial Coin Offerings (ICOs) made their appearance in the year 2017. Over the next two years, about 2150 projects raised…