Digitization of Sukuks & Blockchain adoption in the Middle East

3 min read

Let’s start off with a little description of the investment tool called Sukuks. They have become a very popular form of alternative investment in the Muslim World since 2000, which is Sharia compliant (Islamic law). A need for the creation of Sukuk was felt as Islamic Law forbids investment in entities that are speculative in nature and/or dependent on the underlying interest rate. Malaysia has become the biggest market for sukuks after issuing the first one back in 2000 (figure below) followed by Bahrain in 2001. Comparative investment tool for the Sukuk in the Western markets is a bond, however,…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.