Dossier
Islamic bond (sukuk)
Coverage of Islamic bond (sukuk) in the Nexus archive.
- Crypto czar asks Jamia Darul Uloom to distinguish between speculative crypto, asset-backed tokens
Pakistan's Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib urged Jamia Darul Uloom to differentiate between speculative cryptocurrencies and asset-backed digital tokens following a fatwa deeming crypto-based purchases impermissible under Islamic law. The regulator aims to evaluate digital assets by category, emphasizing Shariah-compliant instruments like blockchain-recorded sukuk, gold-backed tokens, and stablecoins.