An unprecedented exchange that aligns crypto trading with the Muslim world. - BIOKRIPT
WARNING
This write up is meant to give insight information about the Biokript project, a cryptocurrency exchange that aligns with Muslim ethics and business laws. It is not an invitation or advice for investment. Crypto trading is a very risky business which can lead to great loss of assets. Therefore, users are advised to seek professional help from financial experts before getting involved in crypto deals. Muslims are also advised to contact the Muslim board for further directions. Additionally, the business model may need to evolve as new regulatory and interpretational guidelines are issued by Islamic scholars.
PRESENTATION OF BIOKRIPT EXCHANGE
Welcome to our presentation on the world's first Sharia compliant crypto currency exchange. I will introduce you to the concept of Biokript in the context of cryptocurrency and showcase the key features and benefits of our exchange.
Biokript is the pioneer crypto exchange that complies to the religious beliefs and ethics of the Muslim world and their monetary rules that govern their financial transactions. It prohibits interest (Riba), gambling (Maysir), and unethical business practices. It is designed to align with these principles, providing a halal way for Muslims to engage in trading digital tokens.
BKPT operates under the guidance of a qualified Islamic governance board, comprising respected scholars and experts in Islamic finance. They meticulously select and list only cryptocurrencies and digital assets, ensuring they comply with Islamic laws. It applies full genuine transactions, fees, and operations, following the principles of "musharakah" (partnership) and "mudarabah" (profit-sharing).
Biokript do not offer or involve any form of interest or lending on our platform, adhering to the prohibition of Riba. A portion of our profits will be dedicated to charitable causes, in line with the Islamic concept of "Zakat."
We offer Islamic trading accounts, which comply with the principles of "Wakalah" (agency) and "Murabahah" (cost-plus financing).
Customers can trade with peace of mind, knowing that their investments are in accordance with their faith. Our exchange implements robust security measures to protect user funds and data.
State-of-the-art technology and encryption techniques are employed to ensure a safe and seamless trading experience.
BIOKRIPT BUSINESS MODEL
The business model of a Biokript exchange would be designed to align with the Muslim It follows the rules of Sharia law, which prohibits certain financial activities, such as charging interest (riba), engaging in speculative transactions (gharar), and investing in businesses considered haram (forbidden), such as those related to alcohol, gambling, or porn.
BIOKRIPT SOLUTIONS
The exchange should have a Sharia Supervisory Board consisting of Islamic scholars who are well-versed in both Sharia law and crypto system. The board's role is to ensure that all products, services, and operations respect Islamic laws.
It must carefully evaluate and screen all listed tokens to ensure they comply with Sharia rules. Those involved in industries like gambling, alcohol, or unethical activities would be excluded.
It will not engage in interest-based lending or borrowing, as riba is strictly prohibited. This means that margin trading and lending features would not be offered. It should provide clear and transparent information about fees, charges, and the underlying assets of the listed coins.
Biokript offer a profit-sharing model with its customers. Instead of paying or earning interest on trades, participants could share profits or losses generated by their investments. It will consider issuing asset-backed tokens that represent tangible assets. These tokens would be backed by real-world assets, making them more aligned with monetary policy.
Biokript will avoid facilitating speculative transactions and adhere to the principle of minimizing uncertainty and risk. It will focus on promoting socially responsible crypto projects that have a positive impact on society and the environment.
CONCLUSION
In conclusion, Biokript offers a unique and innovative solution for Muslims seeking to invest in the digital assets space while staying true to their religious values.
We invite you to join our mission and be part of a financial revolution that respects cultural and religious diversity.
Together, let's build a financially inclusive and ethically conscious future. Thank you for your attention.
For more details visit us:
https://bit.ly/44a5lcF
http://www.twitter.com/biokript
http://www.facebook.com/biokript
http://www.instagram.com/biokript
https://t.me/biokript
https://www.reddit.com/user/_Biokript
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Bitcoitalk Username : Shantiga
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