In today's digital economy, entrepreneurs need funding that aligns with their beliefs and values. Sidra Start offers a new model for finding investors based on Islamic finance principles.
What is Sidra Start?
Sidra Start helps entrepreneurs find funding that follows religious and ethical guidelines. It connects project creators with investors who value Shariah-compliant standards. Sidra Start stands out through its focus on ethical business practices. The core features include avoiding industries like gambling and alcohol, using Sidra Digital Assets (SDA) for transactions, having time-limited fundraising campaigns, and distributing ownership to successful project investors.
The Technology Behind the Platform
The foundation of all transactions is the Sidra Chain, a decentralized Proof-of-Work blockchain forked from Ethereum. Sidra Chain ensures adherence to Islamic principles by not charging interest and blocking prohibited business types. It incorporates mechanisms like Sukuk and Murabaha. The entire ecosystem is powered by the native digital currency SDA, which facilitates everything from funding projects to reward distribution.
How the Platform Works
The funding process follows clear steps to ensure transparency and religious compliance. Entrepreneurs submit ideas for review, which are screened against ethical and business standards. Once approved, projects have 60 days to attract investors who can purchase equity through digital tokens. Successful projects distribute partial ownership to their supporters. Each project must meet certain criteria: financial viability, ethical compliance, and cross-border focus.
Sidra Start combines religious principles with modern technology to create a new way of funding businesses. This approach is significant given the growing demand for moral investment options.
