Salam Alaikum Brothers and Sisters, Hope everyones Ramadhan is going well. I have come across:
which is a tokenised invoice platform that allows for users to invest in company invoices. Im not too sure about the inner workings of this type of investment as i am worried that it may not be compliant with Sharia. Could someone help to clarify this? for sure it is not permissible to invest in an invoice of a company dealing in interest (mortgage company etc).
there is a company called CrescoFin that is aiming to be a decentralized bank providing yield on stable coin deposits by investing in these type of invoice products. They claim to be Sharia compliant and are currently going through a Sharia audit by Islamic scholars.
thanks for any help you can provide and JazakAllah u Khair
Barzo