Shariah-Compliant Crypto: The Unbelievable Struggle to Keep Up with Islamic Finance Demand!

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As the realm of Islamic finance approaches the staggering sum of $12.5 billion, one cannot help but chuckle at the irony: Shariah-compliant crypto projects, those noble knights of the digital realm, are gallantly attempting to cater to the needs of two billion Muslims. Yet, alas, they find themselves in a race where the finish line keeps moving further away! 🏇💨

A recent report by INPUT, which one might say is as enlightening as a candle in a dark room, sheds light on the burgeoning demand for Shariah-compliant crypto products. However, the market seems to be playing a game of hide-and-seek with the expectations of the world’s two billion Muslims, who are in search of ethical, interest-free financial services. It’s almost as if the crypto gods are having a laugh at our expense! 😂

The Islamic finance sector, currently valued at a modest $8 billion, is projected to soar to $12.45 billion by the year 2028, growing at a rate of 11.7% annually. This is according to the report and a note shared with crypto.news, which, let’s be honest, sounds like a fortune cookie prediction. 🍪

This rising interest is creating a veritable whirlwind of momentum for platforms that align with Islamic financial principles. These principles include the prohibition of riba (interest), gharar (uncertainty), and associations with haram (forbidden) industries. It’s a noble cause, indeed, but one must wonder if the crypto world is ready for such a serious commitment! 🤔

Digital assets that adhere to Islamic law

Leading the charge are projects such as HAQQ Network, MRHB, Sidra Chain, and Goldsand (formerly known as Inshallah Finance). These valiant warriors are constructing ecosystems around DeFi and digital assets that comply with Islamic law. HAQQ Network, the largest among them, boasts a staggering $400 million in funding and over 6 million users across its product suite, including Islamic Coin, which generously allocates 10% of token issuance to charity. A round of applause for them! 👏

MRHB’s four-product DeFi stack includes TijarX and EmplifAI, while Goldsand supports halal staking with $4.5 million in staked assets. It’s like a buffet of ethical finance, but where’s the dessert? 🍰

New INPUT report: “In 2025, Shariah-Compliant Crypto Products Fall Short of Demand”
2 bln Muslims seek financial services aligned with their values, yet compliant offerings are scarce.

– Islamic finance → $12.45B by 2028 (11.7% CAGR)
– 85% of Gen Z Muslims want Islamic banking…

— INPUT Communications Agency (@Input_comms) April 10, 2025

Sidra Chain, meanwhile, has processed nearly 13 million transactions from over 700,000 users. It’s a bustling marketplace, yet the report notes a shortfall in offerings compared to demand — particularly among Gen Z Muslims, 85% of whom are already engaging with Islamic banking products. Talk about a missed opportunity! 😅

Experts, those wise sages of the financial world, suggest that the path forward lies in regulatory clarity and standardized Shariah governance. With Islamic finance projected to reach a jaw-dropping $4 trillion globally, Shariah-compliant crypto may just become a vital pillar of the emerging digital economy — if it can scale to meet the ever-growing demand. Fingers crossed! 🤞

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2025-04-10 16:23