• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Sidra Chain: An Introduction to Blockchain for Islamic Finance

user avatar

by Giorgi Kostiuk

a year ago

Sidra Chain is a blockchain platform built for Shariah-compliant financial transactions. It launched in 2022, with the mainnet going live in October 2023.

Islamic Finance Principles on the Blockchain

Sidra Chain adheres to Islamic finance principles, prohibiting riba (interest), gharar (excessive uncertainty), and investments in prohibited industries such as alcohol, gambling, or pork.

The Main Components of the Sidra Ecosystem

The Sidra ecosystem includes the Sidra Chain Network, Sidra Coin (SDA), and Sidra Bank, offering Shariah-compliant financial services, such as low-fee money transfers and transparent transaction records.

Practical Applications of Sidra Chain Technology

Sidra Chain technology is used for international money transfers, halal supply chain management, and Shariah-compliant fundraising, helping reduce costs and transaction times.

Sidra Chain plays a crucial role in integrating Islamic financial principles with blockchain technologies, providing transparency and efficiency in financial transactions.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Cypherpunk Technologies CIO Advocates for Zcash Valuation

chest

Will McEvoy, the CIO of Cypherpunk Technologies, argues that Zcash (ZEC) is undervalued in the cryptocurrency market due to a lack of coherent pricing for privacy, suggesting significant potential for price gains.

user avatarAyman Ben Youssef

New Evidence Links Crypto Lobbyist to Argentine President

chest

Forensic reports reveal dollar payments from crypto lobbyist Mauricio Novelli to Argentine President Javier Milei and his inner circle since 2021.

user avatarTando Nkube

Bitcoin Faces Potential Downturn as Wedge Pattern Develops

chest

Market technician Aksel Kibar warns of a potential decline in Bitcoin prices if a developing wedge pattern breaks down, suggesting a drop towards 52,500.

user avatarKofi Adjeman

Updated Editorial Standards Emphasizing Enhanced Accuracy and Impartiality.

chest

A new editorial policy has been introduced that emphasizes accuracy, relevance, and impartiality in news reporting.

user avatarNguyen Van Long

Legislative Response to Betting Markets Linked to Government Actions Intensifies

chest

The introduction of the BETS OFF Act is part of a broader legislative response to betting markets linked to government actions.

user avatarSatoshi Nakamura

US Congress Moves to Ban Betting on Sensitive Events with New Legislation

chest

US Congress introduces the BETS OFF Act to ban betting on sensitive events like terrorism and wars.

user avatarJesper Sørensen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.