#ibftech

Alhamdulilah we are pleased to announce the launch of our Certificate of Zakat Management (CeZM) course in French. Please share this opportunity with your French speaking contacts and networks. Visit: https://lnkd.in/geDarMG What's So Special? - This is a rare and unique opportunity to not only get certified by a highly rated think tank at a deeply discounted price, but also give charity so others can have a better life too. - This certification is part of a suite of qualifications along a pathway to become a complete humanitarian and development finance professional ready to serve member countries of OIC and other predominantly Muslim societies - This course is accredited by the Finance Accredited Agency (FAA), Malaysia, reviewed and endorsed by the Shariah team of the National Zakat Foundation, UK. This Certificate is also offered in English and Bahasa Indonesia. Find out more here: https://lnkd.in/gPvRh-J

Blockchains through the Lens of Islamic Economics

Validation and Consensus , Sharing across the Network, Inter-generational Distribution. These are just a few terminologies which are quite common knowledge for anyone in the field of blockchain. 

But it's interesting to note that we see these very concepts at play hundreds of years ago in the preservation of the Holy Quran. Yes you read that right. 

Blockchains through the Lens of Islamic Economics

Blockchain technology is trusted around the world for its transparency, verifiability, traceability, immutability, all of which are bracketed with economically and socially ethical behavior.

Did you know that blockchain as a concept can be found in the Science of the Preservation of the Quran and Prophetic traditions? Sounds interesting right?

The Issue of Anonymity in Digital Zakat

We are taught that we should give charity anonymously so that it preserves our intention and saves us from showing off. But research has brought to light another startling point. 

563 development  professionals were interviewed in the US and Canada. It was found that the most  frequently  cited motivation  for anonymity  is  the  donor’s  desire simply ‘to  minimize  solicitations  from other  organizations’.

The Issue of Anonymity in Digital Zakat

With many advancements in the field of technology, Zakat collection methodologies have benefited a lot. But while it has brought about so much ease, there is a a dark side to it as well. 

Zakat organizations cannot close their eyes to privacy issues with personally identifiable information relating to beneficiaries. This information has the potential to be misused and exploited by other parties as well.