Australia, 18th Sep 2023, King NewsWire – The National Certified Valuators Company (NCVC), a globally renowned authority in blockchain valuations and risk analysis, accredited by the prestigious Royal Institution of Chartered Surveyors (RICS), is delighted to announce the signing of a Memorandum of Understanding (agreement) with Tijarah Holding Ltd. This will pave the way for the implementation of the Islamic Digital Asset Classification System for the upcoming launch, scheduled for October this year, of RamzMarketCap on the Maal Blockchain (MaalChain).
Building on its exceptional expertise in valuations and risk analysis, NCVC has emerged as a leading organization in blockchain technology and the analysis of Maqasid Al Shariah principles within the digital asset space. The culmination of this expertise is the Islamic Digital Asset Classification Standard (IDACS), a groundbreaking framework aligned with Shariah principles. IDACS offers a transparent and standardized approach to categorizing digital assets, fostering ethical practices within the digital asset ecosystem.
The agreement between NCVC and Tijarah represents a significant milestone in the blockchain and digital asset industry. This collaboration will provide independent and objective assessments to promote the growth of Shariah-compliant digital assets within the Maal ecosystem. IDACS framework will play a pivotal role in ensuring transparent and standardized classifications for these assets, enhancing understanding and trust within the digital asset space.
IDAC will further strengthen Tijarah unwavering commitment to MaalChain’s Shariah compliance, setting a world leading benchmark standard for ethical and responsible blockchain operations. MaalChain’s incorporation of the Al-Muttaqin AI Algorithm for consensus and its revolutionary “Concept of Identity” feature, enabling private distributed ledger technologies to seamlessly function within a public DLT blockchain, set it apart as a globally recognized Shariahcompliant blockchain platform.
The implementation of IDACS within the Maal ecosystem will introduce a user-friendly interface on RamzMarketCap, simplifying the process of identifying digital assets’ standards. This interface will feature blue and gold ticks, where blue ticks signify verified digital assets, and gold ticks indicate assets that are both verified and Shariah-compliant. This enhancement will enable Islamic fintech firms, financial institutions, and investors to actively participate in and reap the benefits of blockchain technology. Users will have the confidence to select Halal-compliant digital assets to meet their investment objectives or engage in asset trading. This pivotal development has the potential to significantly influence the future of Islamic finance investments and broaden trading opportunities for the 1.9 billion Muslims worldwide.
Tijarah Holding Ltd, headquartered in Labuan, Malaysia, is a renowned blockchain developer at the forefront of cutting-edge technology, with notable development of the Maal blockchain. It is an accredited Islamic Digital Asset Service Provider (IDASP). MaalChain stands out as a globally recognized Shariah-compliant blockchain. MaalChain incorporates the Al-Muttaqin AI Algorithm for consensus and introduces the unique “Concept of Identity.” This revolutionary feature enables private distributed ledger technologies (DLTs) to seamlessly operate within a public DLT blockchain, effectively operating as a hybrid blockchain ecosystem.
Within the Maal ecosystem are RamzMarketCap, RamzSwap, RAMZ Launchpad, and Pansea (NFT marketplace). Tijarah is steadfastly committed to driving innovation within the blockchain industry, providing educational resources, and continuously adapting to meet the dynamic needs of its global clientele and forming strategic collaborations and partnerships (www.tijarahholding.com).
NCVC is a distinguished, regulated firm with global recognition, accredited by esteemed institutions such as the Royal Institution of Chartered Surveyors and the Society for the Environment Chartered Environmentalist. Specializing in valuations, risk analysis, and carbon emission analysis, NCVC has gained the trust of Fortune 50 companies and leading blockchain firms worldwide.
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Organization: National Certified Valuators Company
Contact Person: Media relations
Website: https://www.ncrics.com/
Email: info@ncrics.com
Address: 46 Edward Street, Level 9, Brisbane, Australia 4000
Country: Australia
Release Id: 1809236448
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