Sidra Start introduces a new funding model based on Islamic finance principles, using blockchain technology to ensure transparency.
What is Sidra Start?
Sidra Start is a platform that helps entrepreneurs secure funding that adheres to religious and ethical standards. It connects project creators with investors who value Shariah-compliant standards and investment opportunities.
Technology Behind the Platform
The backbone of all transactions on Sidra Start is Sidra Chain, a decentralized Proof-of-Work blockchain forked from Ethereum. It is unique in its adherence to Islamic financial principles and avoids charging interest and involving in prohibited industries. The platform's native digital currency, SDA, powers all operations.
How the Platform Works
The funding process on Sidra Start involves entrepreneurs submitting their ideas for review against moral and business standards. Approved projects then have 60 days to attract investors, offering them equity or digital assets in return.
Sidra Start leverages blockchain technology to address challenges in traditional finance, creating transparent and verifiable records. This enables entrepreneurs to seek funding that aligns with religious standards and fosters a global network of ethical innovators.
