Abu Dhabi Islamic Bank makes landmark transaction on blockchain
Abu Dhabi Islamic Bank revealed that it had completed a trade finance transaction on TradeAssets blockchain network in what is a first for Islamic banks.
Latest Sharia law News
First Islamic crypto exchange to launch in 2019 using Halal coins
ADAB Solutions has set in motion plans to launch the First Islamic Crypto Exchange (FICE). The exchange hopes to trade $146 million daily and $4.4 billion monthly by 2020, and will be structured according to the principles of Shariah.
Malaysia partners with South Korean firm for ‘Sharia-complaint’ blockchain project
The partnership will result in the exchange of blockchain information and technical expertise in order to create a blockchain platform and distributed applications (Dapp) that would be permitted under the Islamic law.
Cryptocurrency is ‘Shariah compliant,’ study finds
Cryptocurrencies are compatible with Shariah law in most cases, except where they are banned by local laws, according to the findings of a study.