A Miniature Islamic Economy on the Blockchain

IBF Net: The Islamic Business and Finance Network is the maiden online community in the field created in the year 1999 for exchange of views among students, researchers, knowledge-seekers and professionals interested in this sunrise discipline.

Two decades later, this Network is being moved to the blockchain with an expansion of its mandate — from a forum for exchange of “views” to a meeting place for exchange of “values” facilitated through a pair of native tokens — IBF Exchange (IBFx) and IBF Esteem (IBFs). Transformed into a membership-based virtual Network of individuals with verifiable identities, it will provide platforms in line with the trichotomy of an Islamic economy into philanthropy, not-for-profit and for-profit sectors.

Today, we have taken a small step forward by launching the IBF Tokens. We hope this proves to be a giant leap for the Islamic Finance ecosystem in the future inshaAllah. Download our lite-paper here: https://ibfnet.ie/

We plan to roll out a few platforms that use smart contracts to facilitate the entire array of Islamic financial transactions within the Network amongst its members in a multitude of roles — donors, volunteers, lenders, borrowers, guarantors, beneficiaries, buyers, sellers, investors and what-have-you. Watch out for our first platform — Benevolence — that facilitates and integrates donations and volunteering. The count down has already begun.

Click here to join our Telegram channel to stay at the forefront and get the latest updates from the world of Islamic Business and Finance in just a click.

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Leveraging Research and Technology for a Halal Ecosystem

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IBF Net Group

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Leveraging Research and Technology for a Halal Ecosystem

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