Building Ethical Financial Pathways: Mabrook and the Future of Shariah-Compliant Crowdfunding
Submission Type
Case Presentation
Abstract/Description
Mabrook is pioneering a Shariah-compliant crowdfunding platform that integrates blockchain to offer ethical, transparent, and secure financial pathways for Muslim investors. Addressing a gap in the market, Mabrook empowers Muslim communities by allowing investments that align with Islamic principles, free from interest, excessive risk, or unethical ventures. Designed with a decentralized structure, Mabrook leverages tokenization to facilitate fractional ownership, enabling small-scale investments in carefully vetted ventures. Using the Polygon blockchain, Mabrook ensures high security, traceability, and efficiency in transactions, reducing fraud risks and eliminating intermediaries. With Shariah compliance supervised by Islamic finance experts, every project undergoes rigorous screening to meet ethical and religious standards, providing investors peace of mind and financial inclusivity. Beyond technology, Mabrook fosters community through direct interaction, co-funding options, and support for sustainable ventures, aiming to positively impact society. Positioned to expand globally, Mabrook’s forward-looking approach, including potential metaverse integration, exemplifies innovation in ethical finance. Mabrook not only bridges the gap in Shariah-compliant investing but also reshapes ethical finance, creating an accessible, principled investment ecosystem for the modern Muslim investor.
Keywords
Shariah-compliant crowdfunding, Ethical investment, Blockchain technology, Fractional ownership
Location
Movenpick Hotel
Session Chair
Dr. Muhammad Ayub, Professor, Riphah University, Islamabad
Session Moderator
Dr. Shafiullah Jan, Head Center for Excellence in Islamic Finance, Institute of Management Sciences (IMSciences)
Start Date
3-12-2024 4:10 PM
End Date
3-12-2024 5:30 PM
Recommended Citation
Rafique, M., & Siddiqui, F. (2024). Building Ethical Financial Pathways: Mabrook and the Future of Shariah-Compliant Crowdfunding. IBA CEIF World Islamic Finance Forum (WIFF). Retrieved from https://ir.iba.edu.pk/wiff/2024/agenda/6
COinS
Building Ethical Financial Pathways: Mabrook and the Future of Shariah-Compliant Crowdfunding
Movenpick Hotel
Mabrook is pioneering a Shariah-compliant crowdfunding platform that integrates blockchain to offer ethical, transparent, and secure financial pathways for Muslim investors. Addressing a gap in the market, Mabrook empowers Muslim communities by allowing investments that align with Islamic principles, free from interest, excessive risk, or unethical ventures. Designed with a decentralized structure, Mabrook leverages tokenization to facilitate fractional ownership, enabling small-scale investments in carefully vetted ventures. Using the Polygon blockchain, Mabrook ensures high security, traceability, and efficiency in transactions, reducing fraud risks and eliminating intermediaries. With Shariah compliance supervised by Islamic finance experts, every project undergoes rigorous screening to meet ethical and religious standards, providing investors peace of mind and financial inclusivity. Beyond technology, Mabrook fosters community through direct interaction, co-funding options, and support for sustainable ventures, aiming to positively impact society. Positioned to expand globally, Mabrook’s forward-looking approach, including potential metaverse integration, exemplifies innovation in ethical finance. Mabrook not only bridges the gap in Shariah-compliant investing but also reshapes ethical finance, creating an accessible, principled investment ecosystem for the modern Muslim investor.