Alex Lielacher - Crypto News Bitcoin and other crypto assets have Islamic scholars racking their brains as they attempt to discern how this new technology fits into Islamic finance, a…
CCN reported Monday that Islamic scholars have certified Swiss financial technology firm X8 for its digital currency as a form of investment for Muslim investors.
The Saudi Arabian Islamic Development Bank (IDB) has put its researchers on the task of developing blockchain-based products.
The token will be considered legal tender “for various government and non-government services, from their daily coffee and children’s school fee to utility charges and money transfers.”
With the growing utilisation of fintech in the Islamic finance sector, the question arises what role digital currencies and blockchain technologies play in Shariah banking.
Partner Events:
