Algorand announces financing through Islamic law

The Algorand Foundation announced that its blockchain platform is now certified to Shariah-compliant financing, and that Islamic institutions can begin to use the Algorand blockchain for economic transactions. Although Algorand is accredited by Shariah financing, each DApp based on Algorand needs to be individually evaluated and reviewed for compliance. Recognizing the importance of Islamic financial markets to the global economy, the Algorand Foundation hired the Shariyah Review Bureau (SRB) in Bahrain as an independent consultant to ensure network compliance.