News

Shariah-compliant crypto is in demand amid explosive Islamic finance growth

As demand for faith-driven finance reaches new highs, the market for Shariah-compliant crypto products is showing signs of both promise and pressure against the backdrop of challenging economic and market conditions. According to a report by INPUT, several leading companies in the sector are looking to provide ethical and interest-free investment platforms for the two billion Muslim population of the world. The report found that the $8 billion Islamic finance market is expected to reach $12.45 billion by 2028 at a compound annual growth rate (CAGR) of 11.7%. Shariah-compliant crypto-related companies like HAQQ Network, MRHB, Caiz, Sidra Chain, and Goldsand (formerly Inshallah Finance) are the top players trying to close the gap — each one building ecosystems designed to align with Islamic finance principles by eliminating riba (interest), avoiding gharar (uncertainty), and steering clear of haram-linked industries.Each of these companies offers a unique set of products to make the entrance into the decentralized finance world easier for the two billion Muslim population. Caiz is the only project on the list that hasn’t launched yet.