Blockchain-Powered Islamic Bonds to Fund Microfinance Projects in Indonesia

Indonesian firm Blossom Finance has announced plans to launch blockchain-based sukuk, Islamic bonds, to fund microfinance projects in the Muslim-majority country.
Blossom Finance’s “Smart Sukuk” to Automate Issuance of Islamic Bonds
The project, to roll out in the coming months, involves using distributed ledger technology to keep issuance costs low while attracting a large pool of retail investors, said Khalid Howladar, chief strategy officer.
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