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INABLR Is Developing An Investments Platform On The Tezos Blockchain

INABLR is developing an investment platform on the Tezos blockchain. INABLR is a fintech startup company based in Bahrain. INABLR is working with the Central Bank of Bahrain to build its platform through the Central Banks regulatory sandbox program.

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INABLR

INABLR is developing an investment platform on the Tezos blockchain. INABLR is a fintech startup company based in Bahrain, a kingdom between Qatar and Saudi-Arabia.

INABLR is working with the Central Bank of Bahrain to build their platform through the Central Banks regulatory sandbox program. 

The platform will allow investors to buy fractions of traditionally high-investment assets. Where traditionally an investment of 200,000.- USD minimum was required, the INABLR platform will allow investors to buy fractions of these type of assets, allowing investments of 1,000.- USD instead.

Faraz Amjad, Co-Founder of INABLR hints at tokenization, where traditional assets are split up in smaller chunks of assets in the form of tokens which will be stored on blockchain. It was stated:

“INABLR aims to lead innovation in the growing wealth management segment in the MENASA (Middle East, North Africa and South Asia) region by providing fractional ownership for secondary market traded Bonds and Sukuk issues by high-grade issuers in more affordable chunks.” 

The blockchain used by INABLR for this purpose is Tezos. Faraz Amjad commented:

“FinTech has become increasingly competitive within the last few years, with numerous individuals and organizations launching industry-disrupting projects. We are pleased to work on Tezos – it has enabled us to create a platform that will revolutionize the investment landscape.”

Sukuk and bonds

The INABLR platform will be issuing tokenized Sukuk. A sukuk is an Islamic financial certificate, similar to a bond in Western finance, that complies with Islamic religious law commonly known as Sharia. 

Tezos has been reviewed last year and received a Sharia compliance certificate. It was said:

Shariyah Review Bureau has reviewed the Tezos blockchain’s governance mechanism, Proof-of-Stake (PoS) consensus mechanism, and formal verification techniques and issued a Sharia certificate marking the platform’s compliance with Sharia principles.” 

Q2 2022 launch

INABLR aims to launch the platform in Q2 2022. Usman Atta, INABLR’s Head of Regulatory Affairs and Compliance said:

“Subject to successful testing, we plan to exit the Sandbox by early next year and commercially launch our operations by Q2 2022. We are delighted to work with the Central Bank of Bahrain on these innovative solutions and equally pleased with the entire Bahrain FinTech ecosystem”.

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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