QuantDart appoints sharia advisor for digital assets

The Shariyah Review Bureau (SRB) has been appointed by Kazakhstan-based QuantDart as its sharia advisor for digital assets.

The appointment will see SRB apply sharia monitoring for QuantDart’s Halal Investment Product.

QuantDart has been enlisted by the Kazakhstan to help encourage greater adoption of digital assets, representing a change from its previous risk-averse approach to the nascent asset class.

“We believe that digital assets are making revolutionary impacts to global finances and as a fully licensed company under the regulation of AIFC, we are committed to bringing these changes to benefit the financial investment community,” said Edward Y. Wong, head of business and technology strategy at QuantDart.

“Getting certified as Sharia-compliant is a milestone in QuantDART’s journey to providing the Muslim community exposure to digital assets with regulatory compliance and Sharia assurance overlooking our activities,” he added.

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