What advantages does Bankcoin Reserve hold for sharia-compliant financial institutions?
Published in
1 min readDec 27, 2019
- Bankcoin Reserve is the first real sharia-compliant banking product that removes riba, usury and interest;
- Bankcoin Reserve Coin generates a 10% profit thanks to the patented blockchain innovation technology;
- The new product will attract new clients from the Islamic world for the financial institutions since it’s 100% compliant with the Islamic law;
- A new market primarily interested in cryptocurrencies will see it as a viable bridge into the traditional financial services;
- Fixed-term deposits become virtually free for the bank since the funds will be stored in Bankcoin Reserve Coin;
- After a fixed-term deposit runs out, the purchased Bankcoin Reserve Coins will continue generating a 10% profit;
- After a loan is paid off, Bankcoin Reserve Coin will continue generating a 10% profit.
To find out about other advantages Bankcoin Reserve has, visit https://bankcoinreserve.io.