Blockchain technologies have come into focus as Islamic finance adapts to disruptive innovation in financial services. With assets in Islamic finance forecast to top $6.7 trillion by 2027, blockchain technologies are being adopted to modernise Shariah compliance, despite some challenges that have sparked debate amidst scholars. According to a Moody’s Investors Service report, embedded smart contracts, updated and transparent management of obligatory charitable giving (zakat) and a more efficient platform for Sukuk issuance, the Islamic equivalent of bond-like securities, have blockchain features that align well with ... (full story)