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Qintar is a Geneva-based but globally focused cryptocurrency ecosystem which is the first truly sharia -compliant token, independent of the banking system and other financial institutions.

"This review has resulted in Kinesis being awarded a Sharia-compliant certificate for the Kinesis Velocity Token (KVT), Kinesis currencies (KAU and KAG), the Kinesis Blockchain Network (KBN) and the Kinesis Currency Exchange (KCX)."

This book addresses core components of crypto-assets within the Maqasid al-Shari'ah to understand Shari'ah cryptocurrency and its practical mechanisms, and establishes a Halal alternative model of crypto-asset management within the Maqasid al-Shari'ah.

Dubai-based fintech company Wethaq has entered into a strategic partnership with enterprise software firm R3, in order to create a platform for issuing and trading sukuk securities based on R3's Corda offering.

This research aims to evaluate the suitability of cryptocurrency as money from the Islamic perspective. Money, in the Islamic perspective, has specific characteristics and requirements, such as stability and is based on assets. Cryptocurrency may not fulfil this as it has queries as money from the Islamic perspective. The research method applied data of 23 cryptocurrency prices and related information. The result shows that cryptocurrency is hugely volatile and has limits to being called 'money,' as it is limited and used for speculation, which is prohibited in Islam. The research implies that Muslims would be reluctant to use cryptocurrency as money, as a currency of transaction. This reason raise an expectation that the cryptocurrency will not develop rapidly in Muslim countries.

Indonesia's top Muslim clerical body has issued an edict deeming virtual money acceptable, as long it met specific conditions. To showcase the compliance of their services with Islam, fintech firms are organising forums with Islamic scholars and sponsoring religious festivals. Newer startups are tailoring services for Indonesia's growing body of "born-again" Muslims, known as the "hijrah" movement at home."

According to this article there are three main cryptos that comply with Sharia law; Stellar's Lumen (XLM), OneGramCoin (OCG) and X8Currency (X8C).

Saudi Arabia's International Islamic Trade Finance Corporation (ITFC) partnered with the Bangladesh-based City Bank to execute the world's first Shariah-compliant cross-border blockchain transaction. A letter of credit was issued on behalf of a Bangladeshi exporter Debonair group to import textile-related accessories from Apparel Link, a trading company based in Hong Kong. Contour, a network build by R3's Corda blockchain technology, executed the transaction.

UK-based Qardus has launched a Shariah-compliant P2P SME lending platform, offering unsecured loans of up to £100,000 in the form of a "murabahah," which is a commodity and a type of Islamic financing structure through which buyers and sellers both agree to the cost and mark-up of a particular asset. Qardus charges borrowers a 2 to 5% fee, and borrowers are required to have been operating a business for three years or more, and they must have a turnover or assets worth £100,000. Also, borrowers must operate in "recession-proof" industries including food and beverages, food manufacturing and pharmaceuticals.

The use of crypto assets as a currency is reportedly forbidden for Muslims, according to Indonesia's National Ulema Council. It deemed cryptocurrency as haram, or banned, as it has elements of uncertainty, wagering and harm. However, if cryptocurrency as a commodity or digital asset can abide by Shariah tenets and can show a clear benefit, then it can be traded.