Kinesis Currencies Now Sharia Compliant
Kinesis currencies, KAU and KAG, receive Sharia compliance allowing further global adoption from emerging markets.
This is an edited cross-post from original source: https://medium.com/@kinesis/kinesis-currencies-now-sharia-law-compliant-a2cb4e4d5bb0
A review was conducted for the Kinesis Monetary System by Amanah Finance Consultancy, with the same leading scholar behind the review for certifying the Stellar Blockchain Network and other blockchain based projects.
Our blockchain consultancy partner, Blockchainology, a UK based consultancy specialising in crypto asset & blockchain advisory, have worked on the Kinesis Sharia review, in association with the leading Islamic scholar in the blockchain industry, Mufti Faraz Adam from Amanah Finance Consultancy.
This review has resulted in Kinesis being awarded a Sharia-compliant certificate for the Kinesis Velocity Token (KVT), Kinesis currencies (KAU, KAG, KWG & KWS), the Kinesis Blockchain Network (KBN) and the Kinesis Currency Exchange (KCX) – also known as the Kinesis Mint.
This marks a tremendous milestone for the Kinesis Monetary System as this validation only promotes the Kinesis vision to create a global system that is accessible to all, based on two of the most stable and trusted precious metals, gold and silver.
Sharia-compliant blockchain projects enable Islamic investors to purchase, store and transact in crypto assets globally which opens up a whole new market for adoption of the Kinesis system and Kinesis currencies.
You can read more about our Sharia review and certification service here and watch a short informal video on Sharia review and certification of blockchain projects with our scholar, Mufti Faraz Adam:
Find out more about Kinesis Money.