Got Haram Income? No problem!

Are you sure your income is Halal? Is your money clean? How sure are you that your riches came from Shariah compliant investments?

These are questions asked by, and to Muslims a lot. In today’s world, where the Halal (permissible) industry is booming, Muslims are provided with ample choice to make sure that their income is generated through halal sources. Halal food, halal financing, and even the halal Tourism industry has been growing over the years, creating a niche market for a group of audience that wants their lifestyle to be rid of riba (interest), maysir (gambling), gharar (uncertainty) and other haram (prohibited) elements.

 

 

In order to cater for sustainable societal development, Finterra Technologies have developed a WAQF Chain platform that allows its users to donate to charitable, Waqf Causes. These Causes, published by respectable NGOs allows users to donate to Causes that target communities in need, that includes the essences of Waqf which are perpetuity, inalienability and irrevocability. And the fact that the WAQF Chain is built on the latest technology of Blockchain community allows the users to keep track of their donations, ensuring that their money has been utilized for the purposes as intended. This WAQF Chain platform is the only blockchain crowdfunding platform that is catered to Waqf projects, with the aim to revive Waqf, a tool that is extremely beneficial in ensuring sustainable benefits to communities in need.

With platforms such as Finterra’s WAQF Chain, Islamic institutions and individuals can easily route their SNC income to worthy Waqf projects which can not only purify their wealth but contribute to the society in a transparent manner that they can easily track as well. It ensures that the money is put into projects that benefit the society long-term rather than being consumed at once. And wouldn’t you say that is a win-win for everyone?

 

Visit http://finterraventures.com/

 

 


Comments

Post a Comment

Popular posts from this blog

Finterra against crypto scams

As one of the  top operational risks of 2019 , fraud and scams in the crypto industry isn’t a problem you can ignore. In addition to being costly, it can decrease investor morale and create an unstable business environment as well as undermine crypto industry credibility and consumer relationships. Use blockchain to take a stand against scams and fraud in your business network. Explore  Gallactic Blockchain  and the new  Finterra’s MyWaqf Platform  to see how you can get started.   If you’re interested in learning how blockchain is being used to prevent scams and fraud in real industries, check out my previous  blog post , where  I  discuss  use cases  in financial transactions, identity and supply chain.   Useful Articles:   Forbes Coin Telegraph Fraud Magazine  
Read more

Finterra fights against Ponzi Schemes

Bernie Mad off may be one of the most well-known Ponzi schemers He did it with mainstream investments. But the principle of a  pyramid scheme , in which you take money from new investors to pay previous investors, can be applied to Bitcoin scams. In 2019, three men were arrested in a $722 million cryptocurrency fraud scheme. The men operated BitClub Network for years. The scheme solicited money from investors in exchange for shares of cryptocurrency mining pools. It also supposedly rewarded investors for recruiting new investors. As you can imagine, the investors never got any returns on their investments in the end. These kinds of Ponzi schemes are on the rise and are detrimental to investors and further  undermines the genuine crypto industry’s credibility and consumer relationships.   More and more companies from all industry sectors are now beginning to implement the blockchain into their businesses This helps them with being more transparent, efficient and secure while also ta
Read more