Shariah-compliant crypto market makes headway amid growing acceptance
The increasing awareness of halal cryptocurrency is ushering in a wider acceptance of Shariah-compliant decentralized solutions, driving greater mainstream adoption.
Companies such as Switzerland-based cryptocurrency developer Islamic Coin (ISLM), Malaysian fund manager Halogen Capital, and Bosnia and Herzegovina-headquartered crypto exchange platform Biokript have been at the forefront of this movement, fueled by the steady growth of Islamic finance assets.
“The global Islamic finance industry is projected to experience significant growth in the coming years with sukuk issuance projected to grow substantially. This surge will naturally drive demand for halal digital assets,” Mohammed Al Kaff AlHashmi, co-founder of HAQQ and Islamic Coin tells Salaam Gateway.
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