Islamic finance is an interest-free financial alternative under which earnings are tied to actual commercial or trading activity.
Islamic DAO enables you to participate in Islamic financial services such as Mudarabah and Musharakah in a decentralized, permissionless manner over a public blockchain - without any intermediary involved. Through the rollout of interest-free, wallet-driven, universally connectable financial services, Islamic DAO lays the foundation of global Islamic DeFi.
Islamic DAO's financial model allows multiple individual financiers to operate, enabling permissionless (direct) decentralized participants to finance Mudarabah-powered businesses through secure Mudarabah smart contracts.
Musharakah financing will also be available, where the financiers have a DAO-based vote on how to allocate funds or how to govern the invested business.
Conventional decentralized financial products bear significant risk as they are highly volatile offerings with unpredictable returns. This creates great potential for machine-led curation targeted to an Islamic audience that values more stable returns and reduced volatility. Islamic DAO will release a halal curation and aggregation layer on top of popular DeFi services to allow DAO members to approve deployment into select DeFi service for halal returns in specific pools for Islamic audiences around the world. Islamic DAO’s DeFi contract capability will allow capital to be lent to or invested in creditworthy borrowers and businesses which demonstrate the strongest ability to generate actual economic production or trading profits (a core philosophy of Islamic Finance).
All you need to participate in Islamic decentralized finance is your wallet, and ETH or BNB to pay. Always remember to do your own research before committing to a particular Islamic DeFi option.
Smart Mudarabah and Musharakah through Islamic DAO will be available soon on Ethereum and Binance Smart Chain.