Islamic Trading Platform
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‍Overview

A Blockchain-based platform for Islamic trading that leverages the R3 Corda technology enabling secure, transparent and shariah-compliant transactions among the parties. The platform is a digital network that allows the parties to create, exchange and verify digital contracts representing Islamic trade instruments such as Murabaha, Salam and Istisna on the blockchain. The platform also enables the parties to automate the settlements and reporting of transactions simultaneously ensuring adherence to the Shariah principles & regulations.

The Islamic trading platform offers several benefits and outcomes for the parties such as banks traders, brokers, and regulators. The platform’s improved efficiency, cost, and risk management of Islamic trading have reduced manual and paper-based processes. Moreover, the platform has enhanced standardization, transparency and trust among the parties by enabling real-time visibility, verification and auditability of transactions. The solutions have increased customer satisfaction, scalability and innovation in Islamic trading. It offers a seamless and convenient platform that supports diverse Islamic trade instruments & scenarios.

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