Finterra Ventures

  Islamic finance has been an integral part of Islam in the Middle East and South Asia. In the current age, Islamic Finance has seen an increasing demand for transparent, sustainable and ethical investments and fund management has been the leading cause of growth in this burgeoning financial sector. Due to the growth of Islamic Finance worldwide, more and more non-Muslims are opting to avail of the Islamic banking system. This not only lets them get involved in a banking system that is morally and ethically sound but opens doors for them to be introduced to the various options Islam provides for the “giving of alms” or charity. One instance of Islamic charity I would like to look at is WAQF that allows anyone, including those who are non-Muslim, to contribute in donating property and assets, not only to be used to benefit the Muslim community alone, but also non-Muslims. FINTERRA’s WAQF Chain aims to increase engagement and raise awareness as well as funds for WAQF development via

  As I continue looking at the Islamic Fintech Finance Industry, interesting facts and answers to questions concerning the sector keep on presenting themselves. For instance, how old is the institution of Islamic Finance? As I trawl through my go to site at the moment, GF Global, for all things concerning Islamic Finance, this piece caught my attention. Apparently, for hundreds of years, there was no need for Islamic finance , simply because there was no financial system to “Islamise.” Until the second half of the 19th century, the majority of the Muslim population around the world was unbanked and the prohibition of interest was applied on transactions by tradition rather than by law or regulatory bodies. It was during the colonial era, Western banks and financial institutions penetrated Muslim countries and imposed interest-based methods on the Islamic world. In the 1940s and 1950s, independence movements pushed for the revival of Islamic culture and religious scholars in countr

  According to an article on News USA, coins jangling in a pocket are likely to be a thing of the past if companies that promote virtual currency (VC) have anything to say about it. "The attraction of using VC," it says, "stems from massive credit card hacks to retailers, such as Home Depot and Target — all of which have raised questions among consumers about how safe their personal information is." Currently, consumers have much of their information on display with their credit card company of choice and, for anyone with mediocre knowledge of technology and a laptop, it means open season. This is why it makes sense to consider how blockchain technologies and, with it, virtual currency, may help. One of the problems is that there are only about 80,000 merchants worldwide that recognize and use VC, but from a business standpoint, it is worth exploring. Not only does it fit into a global economy, but it also offers consumers a higher level of security. The upside