• 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

8 months 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

Rising Interest in Prediction Markets

chest

Prediction markets are gaining traction, with significant trading volumes reported across various platforms.

user avatarJesper Sørensen

Bitcoin Remains Stable Amid Unverified Claims

chest

Bitcoin's price remains stable despite unverified statements in the cryptocurrency sector.

user avatarRajesh Kumar

Irys Launches Mainnet for Programmable Datachain

chest

Irys has officially launched its mainnet after a successful testnet period that processed over 900 million transactions and attracted more than 4 million unique wallets.

user avatarLucas Weissmann

Perpetual Futures and AI Integration in Cryptocurrency

chest

Coinbase Ventures outlines the future of perpetual futures and AI in the cryptocurrency market.

user avatarFilippo Romano

Transformation of Real-World Assets into Perpetual Futures

chest

Coinbase Ventures anticipates that perpetual futures contracts based on real-world assets will be the largest breakthrough in the coming era.

user avatarEmily Carter

Robinhood's Prediction Markets See Explosive Growth

chest

Robinhood's prediction markets have become the company's fastest-growing revenue stream, with contract volume doubling every quarter since their launch in March 2025.

user avatarTomas Novak

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.