Abstract digital network representing the Tijarah and NCDLT blockchain partnership
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Blockchain · Islamic Finance · September 18, 2023

National Certified Valuators Company Announces Agreement with Tijarah Holding Ltd. to Introduce Shariah Compliant Digital Tokens on Maal Blockchain

The National Certified Valuators Company (NCVC) has entered into an agreement with Tijarah Holding Ltd. to introduce Shariah-compliant digital tokens on the Maal Blockchain. NCVC has emerged as a leading organisation in blockchain technology and the analysis of Maqasid Al Shariah principles within the digital asset space.

Islamic Digital Asset Classification System

The centrepiece of this collaboration is the Islamic Digital Asset Classification Standard (IDACS), designed to provide standardised categorisation of digital assets aligned with Islamic principles. The framework aims to establish transparent practices for ethical blockchain operations.

RamzMarketCap Verification System

The system will integrate into RamzMarketCap with a visual verification system: blue ticks signify verified digital assets, and gold ticks indicate assets that are both verified and Shariah-compliant.

Market Impact

This initiative targets the global Muslim investment community — potentially expanding participation in blockchain technology among Islamic finance institutions and individual investors seeking halal-compliant options, reaching the 1.9 billion Muslim population worldwide.

About the Partners

NC DLT Asset Evaluators (NCVC)

Regulated by the Royal Institution of Chartered Surveyors, operating from Brisbane, Australia. Specialises in valuations and risk analysis across traditional and digital assets.

Tijarah Holding Ltd.

Headquartered in Labuan, Malaysia. Developer of MaalChain, which incorporates an AI algorithm for consensus and hybrid blockchain technology enabling private and public ledger functions. Operates RamzSwap and an NFT marketplace within its ecosystem.