Islamic Value Tokens by IBF Net to Reconstruct DeFi Ecosystem
Malaysia-based IBF Net and its newly launched tech arm, IBF DigiLabs have announced a strategic partnership with the UK based Amanah Advisors to develop an Islamic decentralized finance (DeFi) ecosystem. The decentralized nature of financial products driven by blockchain technology and smart contracts aims to provide for the unique “Islamic value” related expectations of the […]
Social Cryptos by IBF Net to be Game Changers in Islamic Social Finance
Malaysia-based IBF Net has announced a new program called “Benevolence” under which IBF DigiLabs, the technology arm of IBF Net, will leverage its in-house research output in the field of Islamic social finance to build and deliver a suite of blockchain based solutions. IBF DigiLabs has recently been nominated by Algorand as its strategic partner […]
IBF Net to Create Relationship-Based Transactions (RBT) Ecosystem on Blockchain
IBF Net (L) Ltd has embarked on a blockchain-based initiative to create a Relationship-Based Transactions (RBT) ecosystem under Digital IBF Lab, its newly created flagship. Explaining the nature of Relationship Based Transactions (RBTs), the concept note prepared by IBF Net asserts that RBTs take place in all sectors of the economy – philanthropy, not-for-profit and […]
IBF Net Partners with Tashkent State University of Economics to expand Islamic Finance opportunities in Central Asia
IBF Net (L) Ltd has signed a Memorandum of Understanding with the Tashkent State University of Economics, Uzbekistan. The signing was led by Mohammed Alim, CEO of IBF Net and Prof. Kongiratboy Sharipov, Rector of TSUE. This partnership will open doors of dialogue, exchange of ideas, and spearhead the rise of Islamic finance in Central […]
Sentiments and Preferences of Zakat Donors and Professionals during COVID-19: IBF Survey 2020
Do zakat givers prefer to identify the beneficiaries by themselves and pay zakat to them? Or do they prefer to depend on intermediaries for fulfilling this important Shariah obligation? Given that some zakat givers use the services of intermediaries in varying degrees, what type of intermediaries are preferred over others? How has the Covid-19 pandemic […]
Malaysian Fintech Company Launches Unique Zakat Management Certification
Zakat is increasingly getting traction as a tool to fight poverty around the world. Major world bodies like UNICEF and UNHCR are taking a deep interest in Zakat as a solution to their problems. While poverty alleviation is among the objectives of the Islam, it is also the most prominent development goal in the Sustainable […]