Sharia Law
DeFi platform sees strong interest in halal-approved crypto products
Australian-based crypto platform Marhaba DeFi says there has been a strong take-up of Halal-approved cryptocurrency products on its platform, with aims to release a suite of new products which align with Islamic law by the end of 2022. Launched in 2020, the platform is focused on adhering to the rules of “Islamic finance” which refers to how businesses and individuals raise capital in accordance with Sharia, or Islamic law. Speaking to Cointelegraph, Marhaba DeFi founder and CEO Naquib Mohammed said active users of their noncustodial multichain Sahal Wallet have grown to around 40,000 since its launch, stating: “People need a platform where they can trust every token they interact with, so we don’t have to go hunting on different platforms, tapping into different [Islamic] scholars or expe...
Sudan and rebel group sign agreement on separation of religion and state
The Sudanese government and a major rebel group from its southern Nuba Mountains on Sunday signed a document which paves the way for a final peace agreement by guaranteeing freedom of worship to all while separating religion and the state. The signing is viewed as a crucial step in efforts by the power-sharing government headed by General Abdel Fattah al-Burhan to reach accords with rebel groups across the country and end decades of conflicts that left millions displaced and hundreds of thousands dead. Last year Sudan signed a peace agreement with many groups, including from the Western region of Darfur. But a key faction of the Sudan People’s Liberation Movement-North (SPLM-N) led by Abdelaziz al-Hilu, did not join in last year’s agreement because it stuck to its demand that Sudan dispens...
Activist asks court to compel Kano, others to refund VAT generated from alcohol
An Abuja-based activist, Sesugh Akume, has filed a suit before a Federal High Court in the nation’s capital, asking it to compel states that outlawed the sale of alcohol to refund the sums received through Value Added Tax imposed on alcoholic beverages. About 12 states practise Sharia law in Nigeria. They are Kano, Kaduna, Katsina, Kebbi, Sokoto, Borno, Yobe, Jigawa, Bauchi, Gombe, Zamfara and Niger. Based on Sharia law, some of the states prohibit the sale of alcoholic beverages and usually hold public events where bottles of alcoholic drinks are destroyed while gambling is also illegal. However, all the states receive VAT collected from alcoholic beverages sold in other states that permit the sale of the product. In an originating motion brought pursuant to Section 1(3), 4(5), 162(3), (4...
