Short-Term Holders Send $3B in Bitcoin to Exchanges at a Loss as Mideast Tensions Rise

Feroza Finance Launches $2M Pilot Program for Shariah-Compliant DeFi with 'Mudarabah Smart Contract'

Short-Term Holders Send $3B in Bitcoin to Exchanges at a Loss as Mideast Tensions Rise


Firoza Finance, a joint venture between Liberty Finance and HAQQ Network, announced the launch of a $2 million pilot program that introduces the world's first real-world Mudarabah smart contract. According to the team: "The pilot program will feature three distinct investment pools, collectively with a total value locked (TVL) of over $2 million. The structure is designed to provide Shariah-compliant financing options, addressing a significant gap in decentralized finance. ( DeFi) market where existing platforms often do not cater to users looking for ethical financial products, The Institute of Islamic Banking and Insurance defines mudarabah as a lending technique adopted by Islamic banks – “a contract in which all capital provided by an Islamic bank comes comes when the business is managed by another party."
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