Blade Labs, a participant in the Qatar FinTech Hub 2024, has launched Qatar's first blockchain-based platform for tokenized Murabaha contracts. This project modernizes Islamic finance, simplifying the Murabaha process and allowing lenders to expand their audience while complying with Sharia regulations.
The platform enables non-financial organizations, such as car dealerships, to integrate Sharia-compliant financial solutions, opening up new business opportunities. It allows them to offer financing services to clients without the need for liquid assets.
For Islamic financial institutions, Blade Labs offers an expanded client base and new revenue streams through the tokenization and digitalization of lending processes.
