Tag Archives: Islamic

Ripple collaborates with one of the largest Islamic banks in the world

[ad_2][ad_1] Ripple continues to expand its services among companies around the world. This time, Kuwait Finance House announced the launch of a new remittance service that leverages Ripple technology. The information was released a few days ago from the financial institution. New Ripple partner According to Kuwait Finance House (KFH), …

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The spread of Blockchain in Islamic finance

[ad_2][ad_1] Blockchain, an unalterable digital information recording system, is increasingly being discovered as a useful tool by Islamic financial institutions and banks. (Shutterstock) Blockchain technology, an unalterable digital information recording system, is increasingly being discovered as a useful tool by financial institutions and Islamic banks for complex financing contracts and …

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Blockchain startups transform Islamic finance and how they are doing it

[ad_2][ad_1] Islamic financial institutions are increasingly using blockchain technology for complex financing terms, Shariah-compliant transactions and alternatives that comply with Islamic norms and sharia over conventional insurances. Blockchain can provide assistance in KYC, back-office automation and micro-insurance underwriting. Several Islamic financial institutions are looking for Blockchain Emirates Islamic was the …

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The Islamic financial institution collaborates with the initiation of the development of inter-bank blockchain tools

[ad_2][ad_1] The Saudi Arabian Development Institute, the Islamic Development Bank Group (IsDB), has collaborated with a Tunisian startup to develop inter-bank blockchain tools, a press release confirmed on 29 November. IsDB, which will lead the project through its private sector subsidiary, the Islamic Corporation for Private Sector Development (ICD), wants …

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