Sustain Exchange appoints fintech scholar to Shariah Board

Mufti Faraz brings a wealth of experience to her new role of providing strategic leadership in planning and implementation of quality-based, integrated SHARIAH programs

  

SULAIMAN ALFAHIM Founder of  SUSTAIN Exchange pleased to announce the appointment of MUFTI FARAZ ISLAMIC Fintech scholar as Advisor of SHARIAH BAORD, effective 11 JUNE , 2020. Mufti Faraz brings a wealth of experience to her new role of providing strategic leadership in the planning and implementation of quality-based, integrated SHARIAH programs for SUSTAIN.EXCHANGE.

 Mufti Faraz in the director of Amanah Finance Consultancy and is well known for his research and advisory services especially in the FinTech space.

On Mufti Faraz’s appointment, the CEO Sulaiman al Fahim said, “

Sustain Exchange – a UAE project – is seeking to launch its crypto-asset exchange in the coming months. The exchange will offer end-to-end Shariah compliant and ethical services hopefully giving Muslims a compliant space in the crypto market to invest.

The Shariah board is crucial in determining Shariah compliance of the entire project by not only advising and structuring the facilities on the exchange in a Shariah compliant way, but also independently screening every crypto-asset on the exchange and certifying the token. It is hoped that the Shariah board leads the way in developing a robust and innovative screening criteria to capture the Shariah compliance of this new asset class.

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