IslamicFinance.de

The Algorand Foundation, the organization that oversees the Algorand blockchain platform, announced that the network is certified for Sharia compliant financing. The foundation enlisted the Shariya Review Bureau (SRB) as an independent Sharia Advisor to ensure the network complies with the critical procedures of Sharia compliant financing. Algorand’s ecosystem has been growing substantially since launching in June of 2019. With the Sharia certification, Algorand is open to Islamic institutions using the platform for economic exchange and beyond. The Algorand Foundation is providing the trusted infrastructure needed to support the growth of a borderless economy. With research led by Dr. Tal Rabin, the Algorand Foundation is incorporated in the Republic of Singapore.