Saudi Arabia’s IDB Plans Blockchain Financial Project

in #chainbb-general • 7 years ago

This Islamic Development Bank will use the blockchain based financial platform to reach Muslim customers and its most recent announcement comes from Saudi Arabia, institutional level adoption for Blockchain Technology is increasing everywhere.

It accords to the announcement: According to this Sharia, through the partnership with Ateon and Belgian based Settlement, and are demanding its Islamic Research and Training Institute platform.

"But till now the area has been focused on traditional retailing of banking services. It adheres to religious principles such as banning the penalty in Islamic finance and it is completely speculative. They can also encourage other Fintech companies to include Islamic funding to tap markets in this Middle East Asia and Africa. IDB is a multilateral development institute in its participation".

Please read rest of the post from source: - https://cointelegraph.com/news/saudi-arabias-idb-plans-blockchain-financial-project

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7 years ago in #chainbb-general by
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     7 years ago 

    Great post comrade

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       7 years ago 

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         7 years ago 

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           7 years ago 

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