KUALA LUMPUR: ZaynFi, a Decentralized Finance (DeFi) protocol focused on simplifying yield-generation within DeFi, has received Shariah approval from Amanie Advisors, a leading global shariah advisory firm.
The approval makes the ZaynFi protocol the first DeFi platform to receive such certification, paving the way for greater adoption of DeFi within the global Muslim market.
The Shariah approval by Amanie Advisors confirms that ZaynFi's protocol complies with Islamic Finance principles, providing a trusted and transparent platform for Muslims who wish to engage in DeFi activities. This approval represents a significant milestone for the DeFi industry, which sets the standards for Shariah governance within the industry.
"We are grateful to receive the shariah certification from Amanie Advisors. We are on a mission to simplify DeFi for the masses and we are delighted that with this certification, we expand the reach of our products into the global muslim market," said ZaynFi's Core Contributor, Syakir Hashim.
“This is the first time that Shariah governance around DeFi’s yield taxonomy has been established. This will open up the world of DeFi to a large underserved community” added Syakir.
ZaynFi has recently launched the beta version of its product on the BNB Smart Chain (BSC) to a select group of early users. The product offers users a chance to earn above-market yields with their stablecoins while reducing exposure to the volatility commonly associated with cryptocurrencies.
ZaynFi is a Decentralized Finance (DeFi) protocol that offers simple solutions for liquidity provisioning to Decentralized Exchanges and yield farming. The protocol is designed to be highly scalable, secure, and efficient, providing users with a trusted and transparent platform for engaging in DeFi activities.
Amanie Advisors is a leading global shariah advisory firm that provides shariah-compliant solutions for financial institutions, corporations, and governments. Amanie Advisors is known for its expertise in shariah compliance and its commitment to promoting Islamic finance globally.
Astro Awani
Thu May 25 2023
ZaynFi's Core Contributor, Syakir Hashim says their mission is to simplify DeFi for the masses, and the Shariah certification approval from Amanie Advisors allows greater access to shariah-aligned consumers to choose the platform / Photo: File
Sabah akan dapat tempat utama dalam Belanjawan 2025 - Rafizi
Sabah dijangka akan terus mendapat tempat paling utama menerusi peruntukan dalam Belanjawan 2025 yang dijadual akan dibentang pada 18 Oktober ini.
Belanjawan 2025: Pembangunan infrastruktur, pelepasan cukai bantu tingkat keselamatan siber
Pembangunan infrastruktur keselamatan siber serta insentif pelepasan cukai berkaitan antara aspek yang diharapkan menjadi tumpuan kerajaan pada Belanjawan 2025.
PM Anwar tegur kelompok elit taksub Bahasa Inggeris, fobia bahasa kebangsaan
Perdana Menteri menegur segelintir kelompok elit yang taksub dengan Bahasa Inggeris sehingga meremehkan penggunaan Bahasa Melayu, bahasa kebangsaan negara.
Elak penganjuran program cetus polemik, gugat Islam - Mohd Na'im
Sebarang acara atau program yang boleh mencetuskan polemik dan menggugat kedaulatan agama Islam perlu dielakkan sama sekali.
Konvoi motosikal untuk solidariti kepada Gaza
Langsung dari Rosco Cage, Jalan Raja Abdullah, Kuala Lumpur di mana Wartawan Faida Rahim bersama tetamu, Muhammad Aiman Mohd Zain, MyCare Malaysia di acara konvoi motosikal Seru For Gaza di Cafe Rosco sebagai cerminan sokongan kepada saudara sesama Islam di Gaza, yang sudah setahun diganasi rejim Israel.
KPT akan pastikan capaian internet di IPTA berada di tahap tertinggi - Zambry
Kementerian Pendidikan Tinggi (KPT) sedang berusaha memastikan capaian Internet di semua Institusi Pengajian Tinggi Awam (IPTA) berada pada tahap tertinggi.
Bomba selamatkan tiga subkontrakor terkandas di kren pengangkat
Seramai tiga orang subkontraktor terkandas di kren pengangkat (skylift) yang rosak ketika melakukan kerja pemasangan papan tanda kedai di Wisma Taiko, berhadapan Ipoh Padang, malam tadi.
Lempar bom petrol, polis buru tiga Ah Long
Polis sedang memburu tiga individu disyaki Ah Long yang melempar bom petrol ke sebuah rumah di Taman Bintang, Pantai Remis.
Penguasaan bahasa tidak harus bersifat ''zero-sum game'' - PM Anwar
Perdana Menteri mengingatkan penekanan terhadap sesuatu bahasa tidak seharusnya bersifat 'zero-sum game'', sehingga meminggirkan Bahasa Melayu.
Presiden Perancis seru penghantaran senjata ke Israel dihentikan
Presiden Perancis Emmanuel Macron pada Sabtu menyeru agar penghantaran senjata ke Israel dihentikan.