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Equal Finance creates an innovative blockchain

Created by: Faruk

Published: 12-26-2024, 09:40 AM

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in Crypto Technologies
Equal Finance creates an innovative blockchain

Equal Finance develops an innovative blockchain that complies with the principles of Sharia law.

Equal Finance has achieved a significant milestone in the world of Islamic finance by introducing its own blockchain that is fully in line with the principles of Sharia law. The new blockchain is designed to provide a reliable and transparent platform for financial transactions, eliminating any tools that are prohibited by Islamic law.

Key Features of the New Blockch...

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Equal Finance: Investing in Cryptocurrencies in accordance with Sharia principles

Created by: Fariz

Published: 12-25-2024, 12:50 AM

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in Equal Finance
Equal Finance: Investing in Cryptocurrencies in accordance with Sharia principles

The cryptocurrency market opens up new horizons for investing, but how can a Muslim find such investments that comply with the principles of Sharia law?
Equal Finance offers an innovative solution to this problem, allowing you to invest in cryptocurrencies in accordance with Islamic financial principles.

What is Equal Finance?

Equal Finance is a platform for investing in tokenized assets that operates in accordance with UAE law and adheres to Sharia principles. The...

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Sharia Councils and Cryptocurrency Certification: Challenges and Prospects

Created by: Fariz

Published: 12-25-2024, 12:43 PM

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in Crypto Technologies
Sharia Councils and Cryptocurrency Certification: Challenges and Prospects
Lack of a single standard
Unfortunately, there is currently no single body or Sharia council that deals with the certification of cryptocurrencies on a global level. Each Islamic financial institution and Sharia council is guided by its own criteria and procedures for evaluating its performance.

Reasons for the lack of a single standard
The youth of the cryptocurrency industry: Blockchain technology and cryptocurrencies are constantly evolving, which makes it difficult to form

...
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New Horizons or restricted area?

Created by: Faruk

Published: 12-25-2024, 09:55 AM

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in All categories
New Horizons or restricted area?

The Intersection of Halal Investment and the Crypto Industry: New Horizons or a no-go zone?

Introduction

The world of cryptocurrencies is rapidly developing, offering new opportunities for investment. However, for Muslim investors, there is a question about the compatibility of digital assets with the principles of Islam. In this article, we will look at the intersection of halal investments and the crypto industry, identify existing contradictions...

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How to combine financial benefits and religious principles?

Created by: Faruk

Published: 12-24-2024, 05:40 AM

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in Shariah Finance
How to combine financial benefits and religious principles?

In the modern world, investing has become an integral part of the financial life of many people. However, for Muslims, the question of how to invest money without violating the principles of Islam is of particular importance." Halal investment is a solution that allows you to combine the desire for financial success with respect for religious principles.

What is a halal investment?

Halal investments are investments that fully comply with the norms of Islam,...

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Stocks

Created by: Faruk

Published: 12-20-2024, 11:53 AM

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in Shariah Finance
Stocks

Importance of the stock issue
The topic of promotions is of considerable interest, since many people encounter it in practice.

What are shares (al-saheem)?
Shares represent a share in the value of a real-life firm or enterprise that the buyer purchases for a certain price. Thus, the value of the firm is divided into parts, and the buyer becomes the owner of one of these shares.

Why should a firm or enterprise actually exist?
In order for the buyer to accurately...

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Sale with an additional price (Bay al-murabaha).

Created by: Faruk

Published: 12-19-2024, 11:37 AM

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in Shariah Finance
Sale with an additional price (Bay al-murabaha).

In our time, contracts of sale, known as "Bey al-Murabaha", have become particularly popular.

What is Bay al-Murabaha?
This is a contract under which the seller undertakes to sell the goods at a certain price, including a surcharge called a "riba". Riba is an amount that includes the cost of the product and the profit of the seller. At the conclusion of the contract, both the cost of the product and the amount of profit or its percentage can be announced. For...

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Real-life examples of trade relations

Created by: Faruk

Published: 12-19-2024, 10:50 AM

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in Shariah Finance
Real-life examples of trade relations

One important criterion to consider is that any trade transaction that violates one of the conditions or has a pre-existing obstacle becomes forbidden. According to this criterion, anything that leads to quarrel, conflict, or disagreement is an obstacle that makes a trade deal invalid. Even if the disagreement did not cause any problems for the parties, as they were able to reach an agreement without offending each other, the trade deal will still be considered invalid because anything that can...

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Fatwas

Created by: Faruk

Published: 12-19-2024, 09:01 AM

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in Shariah Finance
Fatwas

Praise be to Allah, the Lord of the worlds.

The meaning of fatwa is that a person who acquires knowledge changes the scholar's opinion on a particular issue without having to make his own decision. That is, he does not study the issue himself, but knows the opinion of an expert. For example, someone might come and say, "O scholar, I have found out that the bank is offering me a great deal." What is your ruling on this in Russia?You might say, "By Allah I have not researched...

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What are "trade relations" in Islamic law?

Created by: Faruk

Published: 12-19-2024, 08:26 AM

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in Shariah Finance
What are "trade relations" in Islamic law?

In the world of Islamic law, the term "muamalat" encompasses a wide range of human relationships, going beyond just financial or trade ties. The nature of human connections can vary greatly, and scholars have divided "muamalat" into five main types:

1. Trade exchanges: These include the purchase and sale of property, as well as rent. This is the relationship associated with property.

2. Marriage and divorce: These are the legal arrangements between spouses....

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