Indonesian Islamic organization issues new fatwa against crypto use
The Tarjih Council and the Central Executive Tajdid of Muhammadiyah, one of the largest non-government Islamic organizations in Indonesia, issued a new fatwa against cryptocurrency use, deeming it haram, or unlawful, for Muslims. The fatwa, a ruling on the point of Islamic law, was issued on Tuesday and pointed towards two critical issues with cryptocurrencies […]
New Australian Islamic finance DeFi platform is ‘guided by Sharia’
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 launch in the coming […]