News & PR
BMT Bina Ummah Variable Profit Rate Sukuk Q2 2020 Report
Summarizes the performance of the BMT Bina Ummah Variable Profit Rate Sukuk through the period ending Q2 2020
BMT Bina Ummah Variable Profit Rate Q1 2020 Report
Summarizes the performance of the BMT Bina Ummah Variable Profit Rate Sukuk for the period ending Q1 2020.
World-First Blockchain Sukuk Reports 12.94% Annualized Profit
Indonesian microfinance co-op’s issuance via Blossom’s SmartSukuk™ platform has already funded 144 individual entrepreneurs.
World’s First Primary Sukuk Issuance on Blockchain Closes
Private placement sukuk al-mudaraba for BMT Bina Ummah used to expand Indonesian microfinance
Blockchain Microfinance Sukuk Wins 2 Awards, Yields 15.5% Despite Covid-19 Stress
Indonesian co-op has thus far funded 234 micro-business from the sukuk which was issued via Blossom Finance’s SmartSukuk™ platform.
Ethereum Blockchain Based Platform for Islamic Finance Wins Microfinance Award at Kuala Lumpur Islamic Finance Forum
Blossom awarded "Most Outstanding Islamic Micro Credit Company" for its SmartSukuk™ platform funding microfinance institutions in Indonesia.
Blossom CEO Featured Speaker at Bank Indonesia Conference
Speech at 5th Annual Shariah Economic Festival in Surabaya highlights benefits of technology for a strong economy.
Blossom Wins World Islamic FinTech Award
Awarded "Most Innovative Use of Blockchain for Islamic Finance" for SmartSukuk™
Muslims Can Now Pay Zakat in Cryptocurrency
Free service allowing Muslims to pay their annual obligatory charity payment (zakat) owed against cryptocurrency holdings directly using the blockchain
Islamic Finance Upgraded: Smarter Sukuk Using Blockchain
Blossom Finance announces SmartSukuk™ platform for issuing blockchain-powered Islamic financing instruments using Ethereum smart contracts.
Bitcoin & Ethereum Islamic Microfinance Fund Opens to Public
Islamic microfinance fund will accept cryptocurrency from investors; funds invested to receive profit sharing from cooperative Islamic microfinance in Indonesia
Is Bitcoin Halal or Haram: A Shariah Analysis
Is Bitcoin halal or haram? Blossom Finance publishes working paper on the permissibility of Bitcoin, cryptocurrency, and Islamic finance and concludes that bitcoin qualifies as Islamic money, except where banned by local government, but cautions investors against speculation, ICOs, and investment schemes.