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Qatar’s Latest ‘Game-Changer’ in Islamic Finance Is Actually Just a Crypto Ponzi Scheme With Slightly More Beards

A futuristic cityscape with a mix of traditional Middle Eastern architecture and sleek skyscrapers in Qatar's financial district. A group of shadowy figures dressed in modern business attire are seen huddled around a large screen displaying blockchain code, while others stand at various desks working on laptops or speaking to clients via video conferencing. In the background, subtle hints of Islamic geometric patterns can be seen integrated into the architecture and design elements.

Blade Labs: Because You Needed Another Reason Why Blockchain is Just a Fancy Box for Scammers.

Source: bitcoin.com

Blade Labs, a Qatari tech company, has launched a platform for tokenizing Murabaha contracts, a type of Islamic finance. This innovation allows for broader access to Sharia-compliant financing, both for financial and non-financial institutions. Blade Labs, the Qatar-based tech company focused on blockchain and Web3, recently unveiled a platform for tokenized Islamic finance contracts also known as Murabaha contracts. This platform will reportedly enable lenders to target a wider customer […]

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