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

Understanding Sidra Chain: How This Shariah-Compliant Blockchain Works

user avatar

by Giorgi Kostiuk

3 months ago


Sidra Chain is a blockchain platform specifically built for Shariah-compliant financial transactions. It aims to enable faster, more transparent, and cost-effective financial operations than traditional banking systems.

Islamic Finance Principles on the Blockchain

At its core, Sidra Chain adheres to Shariah compliance, which prohibits interest, excessive uncertainty, and investments in prohibited industries. The platform offers Islamic financial instruments such as sukuk and murabaha that comply with these principles.

The Three Main Components of the Sidra Ecosystem

The key components of the ecosystem include the Sidra Chain network, its native cryptocurrency Sidra Coin (SDA), and Sidra Bank, which delivers Shariah-compliant financial services through Sidra Chain’s digital infrastructure.

Practical Applications of Sidra Chain Technology

Sidra Chain is actively used for cross-border payments, managing halal product supply chains, and Shariah-compliant fundraising, ensuring transparency and adherence to standards.

Sidra Chain represents an important advance in integrating Islamic finance principles with blockchain technology, enabling the creation of more ethical and transparent financial systems.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

XRP: Resistance and Opportunities Ahead of Potential ETF

chest

XRP trading between $2.00 and $2.35. Market analysis, potential ETF and trend signals.

user avatarGiorgi Kostiuk

Bitcoin Continues Bullish Momentum with Potential for New High

chest

Bitcoin shows positive trends, aiming for a new all-time high after successfully breaking through resistance levels.

user avatarGiorgi Kostiuk

IMF Rejects Subsidized Electricity for Bitcoin Mining in Pakistan

chest

The International Monetary Fund expressed opposition to subsidizing electricity for crypto mining in Pakistan, warning of risks to the energy sector.

user avatarGiorgi Kostiuk

Bitcoin's Rise and Options Expiry: Market Analysis

chest

Bitcoin continues to rise, reaching $109,000 amid the expiry of options contracts in the crypto market.

user avatarGiorgi Kostiuk

Big Beautiful Bill: Impact on Economy and Crypto Market

chest

The Big Beautiful Bill passed in the USA, triggering debates and financial shifts, including in the cryptocurrency market.

user avatarGiorgi Kostiuk

Dogecoin Shows Worst Performance Among Top 10 Cryptos

chest

Dogecoin records significant losses among crypto assets, drawing attention to investor uncertainty and restricted price movement.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.