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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...

Families of kidnapped Katsina schoolboys fear time running out

Families of more than 300 kidnapped Nigerian schoolboys worried they may be brainwashed or held for years as security forces combed a vast forest on Wednesday for armed captors possibly from the jihadist Boko Haram movement. According to an unverified audio clip, the Islamist group – whose name means “Western education is forbidden” – was responsible for last week’s raid on an all-boys school in the town of Kankara in northwestern Katsina state. Parents fear time may be running out: Boko Haram has a history of turning captives into jihadist fighters. “They will radicalise our children if the government does not act fast to help us rescue them,” said trader Shuaibu Kankara, crying as he spoke from home. His 13-year-old son Annas was among those abducted from the Government Science school on...

CAN reacts to death sentence on Kano singer

File Photo The Christian Association of Nigeria, CAN, in Kano State has reacted to the death sentence passed on a musician, Yahaya Aminu Sharif. An Upper Sharia court had sentenced Sharif to death for alleged blasphemy against Prophet Muhammad. The court sitting in Kano had sentenced Yahaya Sharif-Aminu, to death by handing for comments against Prophet Mohammad. The trial Judge, Khadi Muhammad Ali-Kani had ruled that the 23-year-old singer’s audio remark against Prophet Mohammad was against Islamic law. Reacting, the Chairman of Kano State chapter of CAN, Adeolu Samuel Adeyemo said the group has no objection to the ruling. Speaking with newsmen in Kano, Adeyemo said CAN has no objection because the ruling was is in line with Islamic jurisprudence. According to Adeyemo: “For us in CAN, the ...