#MenaPay
MenaPay is tackling a fundamental issue for a whole region's consumers - by creating the first payment gateway that is compliant with Islamic finance, by using blockchain architecture.
Sharia rules state that there should be no interest charged for a simple transaction where no item has been traded or value added. Therefore 'Islamic finance' is based only on profit generated from real life business transactions.
In keeping with these rules, each transaction also needs to be witnessed by at least two people. With its’ decentralized and transparent nature, Blockchain guarantees that this is the case.
These core principles are why practising Muslims do not trust centralised authorities, such as banks, which are not fully transparent over their transactions and do not fully comply with these guiding principles.
MenaPay uses utility tokens to share the revenue of the MenaPay platform with MenaPay token holders. This system is therefore fully compliant with Islamic finance rules because token holders earn returns only when the platform is used and is generating revenue.
MenaPay presents a 100% Islamic, non-bank crypto solution, using blockchain technology to create a single currency for the MENA region - a currency to be used both for everyday offline, and online payments, as well as cross-border transactions.
For more information, www.menapay.io
IOS: https://apple.co/2kzDKRX
Android: http://bit.ly/2pg5Ovw
Huawei: https://bit.ly/2XAMje9