Monday, May 10, 2021

Crypto Sukuk

An article by the Acting Director General of IRTI, Dr. Sami Al-Suwailem on crypto Sukuk in the link below.

Excerpt:

"But the underlying technology, the blockchain technology and the cryptographic techniques, are obviously of immense potential. The question, however, is how to apply these technologies productively. One such application is in the area of Islamic capital markets instruments, particularly Sukuk.

Sukuk are commonly defined as “Islamic bonds”, which is unfortunate. Sukuk, as characterized by AAOIFI standards and many other authentic sources, include both fixed and variable income modes of finance, and thus they cover both risk-sharing and debt-based structures."


Blossom SmartSukuk for Capital Markets Regulators
Image credit - SlideShare

World-First Blockchain Sukuk Reports 12.94% Annualized Profit
Image credit - Blossom Finance


No comments:

Post a Comment

Economics of Natural Disasters

Global economic damage from natural disasters, differentiated by disaster category and measured in US$ per year. Data are sourced from OurWo...