In the market for digital asset investments, Islamic finance concepts are not playing a very important role due to rules, and religion law. All financial transactions, including those involving investments in digital assets, must adhere to shari’ah, according to the principles of Islamic finance. This entails abstaining from maysir, or gambling; riba’, or usury; and gharar, or undue uncertainty. Digital assets must not entail speculative or unethical activities and must be supported by actual economic activity. Profit and loss sharing is emphasized in Islamic finance, and this is equally true for investments in digital assets. Investors and the entrepreneur overseeing the digital asset initiative might split earnings and losses under a mudharabah contract. Additionally, it indicates that there are no allowances for inflation or changes in interest rates.
I recently became aware of entrepreneursthat combines the principles of Islamic finance with the power of blockchain technology. The platform aims to provide easy access to moral and Fiqh-compliant financial solutions to the billions of underbanked and financially disadvantaged individuals, particularly in the Islamic world.
This decentralized financial system combines the benefits of both centralized and decentralized systems. It features a native token, stablecoins, a development-stage native blockchain, an easy-to-use digital wallet, a real-time data site, and a feature-rich mobile app for easy access to the ecosystem.
CAIZ is committed to eliminating the financial gap for underserved groups, promoting economic growth, and developing a more equitable and inclusive financial system. By providing easily accessible, ethical, and Fiqh-compliant financial solutions, CAIZ is well-positioned to have a significant impact on the financial sector.
submitted by /u/EmphasisSufficient91
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