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 Wins World Islamic FinTech Award
Awarded "Most Innovative Use of Blockchain for Islamic Finance" for SmartSukuk™
Indonesian Ministry of Finance Research on SmartSukuk™
A slide deck formatted study of Blossom Finance's Smartsukuk™ released by the Indonesian Ministry of Finance.
Sukuk on blockchain: a legal, regulatory and Shari’ah review
A research paper exploring the legal, regulatory and Shari’ah implications of sukuk on blockchain
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
Islamic Finance: a Catalyst for Financial Inclusion
A joint publication by the Securities Commission Malaysia (SC) and the World Bank Group including a case study on Blossom Finance in chapter 5: "Utilising Fintech in Islamic Finance for Financial Inclusion"
Shariah and Its Role in the Islamic Financial System
What is Shariah? What does it have to do with a financial system? How can a 1,400 system of rules inform decisions about a modern, digital financial system?
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.
Fish, Fintech & Fatwas: Sukuk Simplified
Complex structures that replicate debt have created the need for legal opinions verifying their halal status. Is this a good thing? Do simple, pure profit-sharing structures require such fatawa?
BMTs: an Indonesian Solution to a Universal Problem
Baitul Maal Wat-Tamwil ("BMT"): A Faith and Community Based Microfinance
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
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.
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.