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Algorand Foundation Announces Sharia Certification for Islamic Financial Markets Inclusivity

The Algorand Foundation, the organization that oversees the Algorand blockchain platform delivering speed and scalability for frictionless finance, today announced that the network is certified for Sharia compliant financing.

The Algorand Foundation is dedicated to fulfilling the global promise of blockchain technology by leveraging the public, permissionless, and open source Algorand blockchain to create an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy.

Recognizing the importance that the Islamic financial markets bring to the global economy, the foundation enlisted the Shariya Review Bureau (SRB) as an independent Sharia Advisor to ensure the network complies with the critical procedures of Sharia compliant financing.”...Keep Reading