Launch of the first Islamic electronic platform for the exchange of digital currency
On the sidelines of the 5th International Islamic Finance Conference, the first Islamic platform for the exchange of gold-backed digital currency, I-DINAR, was launched in Doha today.
The I-Din platform is an electronic symbol based on the exchange of digital currency. Its initial value of one dinar is supported against one gram of gold, which is not only a digital currency, but for a real gold eye.
With the golden cover of the coin, "I-Dinar" is not only a symbol but a form of electronic gold portfolio. With the remarkable progress in the electronic exchange chain technology, i-Dinar can be used as a common denominator for executing and settling many financial transactions and exchange operations And trade.
Through this currency, Qatar offers the latest e-currency concept and technology distinct from the others in the quality of technology and applied standards. In addition, the currency reflects real value that can be obtained at any time, while achieving the principle of maintaining the assets owned by the client and the speed of implementation Any financial or commercial transactions in full compliance with Islamic law.
The announcement was made as a result of extensive work, studies and meetings between a team from the Qatar Financial Center, the Board of Directors of Qaf Holding Group and the Malaysian IbadahInc Foundation.
The Chairman of Qaf Holding Group Khalid Al Suwaidi said that the i-dinar platform initiative is an indication of the increasing awareness and economic culture of the State of Qatar and its understanding of future changes and requirements despite all the challenges in general. This is an unprecedented achievement on the ground to develop cooperation, trade and prosperity. Economic and wealth of the Islamic world in the face of the challenges of the age and rapid digital economic development in particular.
Al-
Suwaidi said Al-Suwaidi expected the new platform to achieve a great deal of resonance in the near future because it achieves two important goals. The first is to acquire a sophisticated digital currency that has confidence in customers. The second is that the currency, , Which will increase the confidence of scientists in dealing.
He added that the currency in its current form has passed all stages of the test even through Islamic standards in dealing with currencies as a real currency has a real balance similar to the currency backed by a gold balance, pointing out that this currency has taken the criteria of universal acceptance and technological development in terms of accuracy and security.
The spokesman for the Malaysian Cultivation Establishment Abbas Ali explained that the purpose of the platform was to facilitate and implement multi-product digital financial transactions that allow the trading of "i-dinar" with or for any other goods or products or coded currencies or any combination of solutions Financial instruments, as well as financial and commercial contracts from anywhere and at any time worldwide easily and conveniently.
He said the new currency was a huge technological revolution in the world, being the first "mixed" digital exchange of its kind in the world, using a digital symbol supported by gold and has real value.
The 5th Doha Islamic Finance Conference, held under the title "Islamic Finance and the Digital World", was launched today. The conference aims at presenting the experiences of the central banks in dealing with digital financial developments and their potential risks. Legal and technical standards and the importance of the digital economy and its role in achieving sustainable development goals.
In its fifth edition, the conference focused on discussing the effects of digital development on Islamic finance, through its main interlocutor, reviewing the experiences of the central banks in light of the major changes in the world of business and finance due to the enormous and significant development of information technology. Financial and banking institutions to quickly examine their future opportunities and the possibility of transition to the digital world.
http://economy-news.net/content.php?id=15878
Yesterday at 6:45 am by Rocky
» Parliamentary Finance Committee discusses amending the three-year budget
Yesterday at 6:40 am by Rocky
» utube 11/26/24 MM&C MM&C Iraq News-Central Bank Iraq-Monetary Stability Excellent-Budget Law 2023,
Yesterday at 5:19 am by Rocky
» "Rich Iraq" seeks "money" to combat methane emissions: internal and external obstacles
Yesterday at 5:13 am by Rocky
» Increase in foreign remittance sales at the Central Bank of Iraq auction
Yesterday at 5:12 am by Rocky
» Its area is 2.5 million acres, and these are its details.. Work begins on a "large" residential city
Yesterday at 5:09 am by Rocky
» Kurdistan Finance delivers employees' salary schedule to the federal government
Yesterday at 5:08 am by Rocky
» Beggars are sweeping the streets of Iraq.. Their numbers are "large" and 90% of them receive welfare
Yesterday at 5:07 am by Rocky
» Settling tax trust claims
Yesterday at 5:05 am by Rocky
» Launching the National School Health Strategy
Yesterday at 5:04 am by Rocky
» Approval to implement service projects in Babylon
Yesterday at 5:02 am by Rocky
» New container handling berths at ports
Yesterday at 5:02 am by Rocky
» Work: Demand for registration in social security
Yesterday at 5:01 am by Rocky
» Reconstruction: Land Bank to be completed next year
Yesterday at 4:59 am by Rocky
» Aiming to enhance services in schools and prevent diseases, the National School Health Strategy for
Yesterday at 4:58 am by Rocky
» Karmian Festival witnesses the conclusion of commercial and industrial contracts
Yesterday at 4:57 am by Rocky
» Focus on the banking sector
Yesterday at 4:56 am by Rocky
» Minister of Trade: Studies Center is a turning point that serves the Iraqi economy
Yesterday at 4:55 am by Rocky
» Economists: Census is a roadmap for development
Yesterday at 4:54 am by Rocky
» Today's newspapers are interested in Al-Sudani's announcement that the population of Iraq exceeds 45
Yesterday at 4:53 am by Rocky
» International Development Bank: Today's incident was an extortion attempt that did not affect our wo
Yesterday at 4:48 am by Rocky
» thirty-sixth session, chaired by the Minister of Planning
Yesterday at 4:47 am by Rocky
» Closed meeting of the Parliamentary Finance Committee to discuss seven files
Yesterday at 4:46 am by Rocky
» The demographic boom in Iraq: an economic opportunity or a social burden?
Yesterday at 4:44 am by Rocky
» Al-Sudani confirms to Russian delegation Iraq's desire to establish a mechanism that brings mutual b
Yesterday at 4:42 am by Rocky
» Parliament holds its session headed by Al-Mashhadani and attended by 168 MPs
Yesterday at 4:41 am by Rocky
» The Iraqi government deducts 1% of the salaries of employees and retirees to donate to Gaza and Leba
Yesterday at 4:38 am by Rocky
» Iran announces its commitment to continuing gas exports to Iraq
Yesterday at 4:37 am by Rocky
» Iraq, Russia discuss energy cooperation
Yesterday at 4:36 am by Rocky
» British Home Secretary to visit Iraq tomorrow
Yesterday at 4:35 am by Rocky
» The next parliament will have 450 members.. Officially, Al-Sudani announces that the population of I
Yesterday at 4:33 am by Rocky
» US Ambassador Warns of 'Frightening Actions': Iraq Does Not Want to Be Drawn into Regional Conflict
Yesterday at 4:32 am by Rocky
» Planning: The announced census results are not preliminary and the number will increase
Yesterday at 4:30 am by Rocky
» Election “hype” begins early.. Al-Maliki insists on holding it and Al-Sudani prepares
Yesterday at 4:29 am by Rocky
» “No more delays”.. Parliament changes the mechanism of holding sessions: “Controversial” laws are re
Yesterday at 4:28 am by Rocky
» Al-Mashhadani to the heads of the blocs: I prefer to vote on the general amnesty law before anything
Yesterday at 4:27 am by Rocky
» Iraq ranks 8th in the Arab world in achieving work-life balance in 2025
Yesterday at 4:26 am by Rocky
» Labor announces issuance of more than a quarter of a million national cards for social protection be
Yesterday at 4:24 am by Rocky
» Iraqi-Chinese research on accelerating combined cycle power projects
Yesterday at 4:23 am by Rocky
» Al-Maliki praises the decision of the International Criminal Court and demands the resolution of the
Yesterday at 4:22 am by Rocky
» Al-Mashhadani calls for voting on the general amnesty law for the “oppressed” before other laws
Yesterday at 4:21 am by Rocky
» Yazan Mishaan Al-Habouri revolts against his "leak": There are those who obstruct the government's e
Yesterday at 4:19 am by Rocky
» US Ambassador: Ending the presence of the international coalition in Iraq is being implemented and w
Yesterday at 4:18 am by Rocky
» Al-Mashhadani directs to raise the suspended laws to the Presidency of the House of Representatives
Yesterday at 4:17 am by Rocky
» "His general situation is unbearable" .. Parliamentarian: Political consensus to keep Iraq away from
Yesterday at 4:16 am by Rocky
» Al-Sudani agrees to launch the “For Her” initiative to support Iraqi women
Yesterday at 4:15 am by Rocky
» Development Bank condemns extortion attempts: It will not affect our workflow
Yesterday at 4:13 am by Rocky
» Iraq-China oil-for-reconstruction deal faltering: A geopolitical shift in the Middle East
Yesterday at 4:12 am by Rocky
» Planning reveals the next step of the census: We will visit these families
Yesterday at 4:10 am by Rocky
» Parliamentary Finance Committee calls on the government to expedite sending the budget tables
Yesterday at 4:09 am by Rocky
» OPEC+ may extend oil cuts at its meeting next Sunday
Yesterday at 4:06 am by Rocky
» Parliamentary Integrity Committee discusses with the Director of Central Oil the file of contracts a
Yesterday at 4:04 am by Rocky
» Government notice regarding the legal status of foreign workers
Yesterday at 4:02 am by Rocky
» House of Representatives holds "important" session today.. Expectations of extending the legislative
Yesterday at 4:00 am by Rocky
» Slight rise in dollar prices against the dinar in Iraqi stock exchanges
Yesterday at 3:59 am by Rocky
» Baghdad "softens" and Kurdistan oil prepares to continue its global journey
Yesterday at 3:58 am by Rocky
» "For 5 million dinars or in installments" .. Iraqi electric cars soon on the streets
Yesterday at 3:57 am by Rocky
» Where did the Intelligence Bill get to in the House of Representatives?
Yesterday at 3:55 am by Rocky
» "Contract Suspicions Series"... What are the loopholes in the Korean air defense system contract in
Yesterday at 3:54 am by Rocky
» MP reveals latest developments in the formation of the new Kurdistan government
Yesterday at 3:51 am by Rocky
» Personal status: imposing a vision or turning Iraq into a copy similar to the Iranian religious regi
Yesterday at 3:50 am by Rocky
» Oral question to the governor.. Parliamentary movement regarding the “Basra, the Economic Capital of
Yesterday at 3:48 am by Rocky
» MM&C 11/25/24 Parliamentarian: We need to extend the legislative chapter to 8 sessions and the bud
Mon 25 Nov 2024, 10:04 am by Rocky
» Al-Alaq: The monetary situation in Iraq is excellent and our reserves support the stability of the e
Mon 25 Nov 2024, 8:29 am by Rocky
» utube 11/25/24 MM&C MM&C Iraq News-CBI Building Final Touches-Oil Exports-Development Road-Turkey-B
Mon 25 Nov 2024, 6:33 am by Rocky
» Parliamentary movement to include the salary scale in the next session
Mon 25 Nov 2024, 5:11 am by Rocky
» Parliamentary Finance Committee reveals the budget paragraphs included in the amendment
Mon 25 Nov 2024, 5:10 am by Rocky
» Al-Maliki calls on the Bar Association to hold accountable members who violate professional conduct
Mon 25 Nov 2024, 5:08 am by Rocky
» Politician: The security agreement with America has many aspects
Mon 25 Nov 2024, 5:07 am by Rocky
» Kurdistan Planning: More than 6 million people live in the region, the oldest of them is 126 years o
Mon 25 Nov 2024, 5:05 am by Rocky
» Al-Alaq: Arab consensus on the role of central bank programs in addressing challenges
Mon 25 Nov 2024, 5:03 am by Rocky
» Economics saves from political drowning
Mon 25 Nov 2024, 5:02 am by Rocky
» Agriculture calls for strict ban on import of "industrial fats" and warns of health risks
Mon 25 Nov 2024, 5:01 am by Rocky
» Iraq is the fourth largest oil exporter to China
Mon 25 Nov 2024, 5:00 am by Rocky
» Railways continue to maintain a number of its lines to ensure the smooth running of trains
Mon 25 Nov 2024, 4:59 am by Rocky
» Parliament resumes its sessions tomorrow.. and these are the most important amendments in the budget
Mon 25 Nov 2024, 4:58 am by Rocky
» Bitcoin Fails to Continue Rising as It Approaches $100,000
Mon 25 Nov 2024, 4:57 am by Rocky
» Minister of Planning: There will be accurate figures for the population of each governorate
Mon 25 Nov 2024, 4:56 am by Rocky
» Popular Mobilization Law is ready for voting
Mon 25 Nov 2024, 4:54 am by Rocky
» Mechanisms for accepting people with disabilities into postgraduate studies
Mon 25 Nov 2024, 4:52 am by Rocky
» Government coordination to create five thousand jobs
Mon 25 Nov 2024, 4:51 am by Rocky
» Transport: Next month, a meeting with the international organization to resolve the European ban
Mon 25 Nov 2024, 4:50 am by Rocky
» Census is a path to digital government
Mon 25 Nov 2024, 4:49 am by Rocky
» Calls to facilitate loans and reduce interest rates for the private sector
Mon 25 Nov 2024, 4:47 am by Rocky
» The launch of the third and final phase of the "population census"
Mon 25 Nov 2024, 4:46 am by Rocky
» Al-Sudani: We have accomplished a step that is the most prominent in the framework of planning, deve
Mon 25 Nov 2024, 4:44 am by Rocky
» Justice discusses modern mechanisms to develop investment in real estate and minors’ money
Mon 25 Nov 2024, 4:43 am by Rocky
» Dubai to host Arabplast exhibition next month
Mon 25 Nov 2024, 4:41 am by Rocky
» Al-Tamimi: Integrity plays a major role in establishing the foundations of laws that will uphold jus
Mon 25 Nov 2024, 4:39 am by Rocky
» Reaching the most important people involved in the "theft of the century" in Diyala
Mon 25 Nov 2024, 4:38 am by Rocky
» Transportation: Completion of excavation works and connection of the immersed tunnel manufacturing b
Mon 25 Nov 2024, 4:36 am by Rocky
» Between internal and regional challenges... Formation of the Kurdistan government on a "slow fire" a
Mon 25 Nov 2024, 4:35 am by Rocky
» Kurdistan Region Presidency: We will issue a regional order to determine the first session of parlia
Mon 25 Nov 2024, 4:34 am by Rocky
» The Minister of Foreign Affairs announces the convening of the Ambassadors Conference tomorrow, Mond
Mon 25 Nov 2024, 4:33 am by Rocky
» Al-Sudani: Iraq must always be at the forefront
Mon 25 Nov 2024, 4:32 am by Rocky
» Al-Mashhadani: We support the Foreign Ministry in confronting any external interference that affects
Mon 25 Nov 2024, 4:31 am by Rocky
» Al-Sudani chairs meeting with Oliver Wyman delegation
Mon 25 Nov 2024, 4:29 am by Rocky
» Half a million beggars in Iraq.. 90% of them receive welfare salaries
Mon 25 Nov 2024, 4:27 am by Rocky
» Sudanese announces preliminary results of the general population and housing census in detail
Mon 25 Nov 2024, 4:26 am by Rocky