MaalChain leads the way in innovation, reshaping global business interactions and processes.
What make us syariah compliant
Maqasid al Shariah align with the benefits of MaalChain technology, as it offers solutions and relief from difficulties. It is seen as a necessity (hajiyyat) for simplifying people's lives and an essential (daruriyyat) for wealth preservation. Even if considered an embellishment (tahsiniyyat), this technology contributes to enhancing societal welfare and progress. The four key Features of Maqasid Al Shariah in Blockhain is
Facilitation
Facilitation, a key goal of religion, encompasses various aspects of Islamic Laws (Shariah) such as rulings, beliefs, ethics, transactions, origins, and branches. MaalChain embodies facilitation by expediting transactions, saving time and money, and enabling individuals to conduct more transactions within a shorter timeframe.
Security
MaalChain provides strong security through user verification, preventing hackers from disrupting transactions. The immutability of data ensures information integrity. It enables secure money transactions, protecting individuals' wealth, and allows convenient access to medical data, even in emergencies.
Transparency
MaalChain technology ensures enhanced transparency while maintaining privacy intact. As a result, important contract-related data cannot be concealed before the transaction. The data pertaining to all parties involved in the contract will be securely encrypted with specific codes accessible only to authorized individuals.
Anti-Monopoly
Blockchain technology has the potential to eliminate the requirement for intermediaries in various types of transfers, whether they involve capital or personal matters. Consequently, end customers will experience reduced fees and charges from blockchain providers, leading to the eventual eradication of monopolies held by specific groups.
What is MaalChain
MaalChain effectively addresses the challenges, concerns, and skepticism associated with existing blockchains and dApps. This is achieved through the integration of an innovative Web3 technology called “Concept-of-Identity,” that provides the ability to achieve the level of compliance necessary for financial institutions and governments to fully embrace blockchain technology.
Feature
Identity Infrastructure For Web3
Facilitation, a key goal of religion, encompasses various aspects of Islamic Laws (Shariah) such as rulings, beliefs, ethics, transactions, origins, and branches. MaalChain embodies facilitation by expediting transactions, saving time and money, and enabling individuals to conduct more transactions within a shorter timeframe.
Robust Developer Libraries
Maal will provide Ethereum equivalent libraries, to build smart contracts and dApps which are already familiar and used by blockchain developers. Some library content, however, that permits haram activities such as gambling or adult content, is filtered out. MaalChain allows only ethical dApps to be developed within the ecosystem.
Ethical dApp Development
The MaalChain provides a platform for changemakers, innovators, and visionaries with the tools and technologies needed to bring about positive change around the globe.
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