Fuze and Mamun Partner to Boost Sharia-Compliant Trade Finance in MENA
Fuze, a digital asset infrastructure provider, and Mamun, a Sharia-compliant crowdfunding platform, have announced a strategic partnership to integrate Sharia-compliant trade finance with digital asset technology in the MENA region.
Key Details of the Partnership
The collaboration between Fuze and Mamun will leverage digital asset infrastructure, including tokenization, to expand and enhance Sharia-compliant trade finance solutions. The partnership aims to make funding more transparent, accessible, and efficient for businesses following Islamic finance principles in MENA. The main goal is to bridge the gap between traditional financial instruments and the digital asset ecosystem, ensuring compliance with Sharia law.
Bridging Sharia Finance and Digital Assets
This initiative brings together Islamic finance—recognized for its ethical, asset-backed approach—and digital assets, valued for efficiency, transparency, and fractional ownership. By tokenizing Sharia-compliant trade finance assets, the partnership aims to create advanced, ethical investment opportunities, unlocking liquidity and making trade finance accessible to more participants in the region.
Impact on MENA Trade
The MENA region has strong demand for Sharia-compliant financial products. Integrating these with digital asset infrastructure can streamline trade finance, reduce costs, and lower risk thanks to transparent, immutable ledger technology. This can help fuel regional economic growth by giving businesses, especially SMEs, more efficient access to capital for trade, supporting both domestic and international commerce within Islamic finance principles.
About the Partners
Fuze builds the infrastructure businesses need to work with digital assets and blockchain technology. Mamun is a platform offering Sharia-compliant financial services, with a focus on crowdfunding and investment, strictly adhering to Islamic finance principles.
Looking Ahead
The partnership is set to drive the development of innovative financial products and services tailored for MENA, combining the strengths of Sharia finance and digital assets. This collaboration demonstrates a forward-thinking approach, integrating technology with established financial principles to support future growth and financial inclusion.
Source: MEATechWatch