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International Business Times
International Business Times
Business
Marvie Basilan

What Is A Mudarabah Smart Contract? Firoza Finance Launches $2M Pilot Program, Opens Waitlist

DeFi blockchain
Firoza Finance is a joint venture between Liberty Finance and HAQQ Network. (Credit: Islamic Coin on X/Screenshot)

KEY POINTS

  • Firoza Finance's pilot program will feature three investment pools holding a TVL of over $2 million
  • Investors can pool their crypto assets and generate diverse returns with varying levels of risk
  • The Mudarabah smart contract is a Shariah-compliant microfinancing solution backed by ethical blockchain

On-chain microfinancing platform Firoza Finance, a joint venture between pioneering financial services and technology company Liberty Finance and EVM-equivalent ethical blockchain HAQQ Network, on Wednesday announced the launch of its pilot program that introduces "the world's first real-world Mudarabah smart contract."

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