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A team based out of Sydney, Australia is building what it claims is the world’s first “Shariah-guided” decentralized finance platform to navigate a course between the advantages of DeFi and the beliefs of Islamic finance.The Marhaba Decentralized Financial Platform — Marhaba translates to “welcome” in Arabic — is expected to
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Money is a critical part of everyone’s life, and for the religious it is even viewed as a matter of eternal consequence.
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The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing.According to a press release on Oct. 21, Islamic institutions can now start using the proof-of-stake Algorand blockchain for economic exchange, stating:“Islamic enterprises will now be able to realise new business opportunities on a platform that
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