Singapore's Finterra plans to use blockchain tech to modernise Islamic endowments

Singapore's Finterra plans to use blockchain tech to modernise Islamic endowments

Cryptocurrency mining machines sit in operating racks at the home of Dmitry Gutov, a Russian cryptocurrency 'miner,' in Krasnogorsk, Russia, on Thursday, Sept. 7, 2017. Photographer: Andrey Rudakov/Bloomberg

A new venture aims to use blockchain technology to modernise the management and investments of Islamic charitable endowments, called waqf, that would tap into a vast but underutilised pool of assets across the Muslim world.

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