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Qatar Tech Firm Launches Platform for Tokenized Islamic Finance Contracts

Qatari tech company Blade Labs has launched a platform for tokenizing Murabaha contracts, a type of Islamic finance. This platform allows lenders to target a wider customer base without violating Sharia principles, while also creating opportunities for non-financial institutions. The platform enables secure and tokenized transactions, boosts operational efficiency, and integrates financing solutions with services. By leveraging blockchain technology, the platform has the potential to revolutionize Islamic finance both domestically and internationally.

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