Crypto & Ethical Finance : Creating a Sustainable win-win Relationships with Caiz CEO - Philippe Theunissen

In this episode of Bankless Africa, CEO, and Chief Blockchain Officer at Caizcoin, Philippe Theunissen, discusses Caiz's mission of creating an ethical financial ecosystem that provides users with Islamic-compliant financial products to empower them to create a better financial future. Theunissen explains how blockchain technology can help people interact with each other in a fairer and more equal way, and how it can bring about positive change in society.

The conversation focuses on Islamic finance and its compatibility with capitalism, and Theunissen explains the core principles of Islamic finance. These include prohibiting interest, requiring equity participation, and striving for fair and just transactions. Theunissen argues that capitalism should focus on creating long-term benefits for society, rather than the current short-term profit-maximizing system. Following the principles of Islamic finance can lead to real capitalism and a more beneficial system for everyone.

Theunissen also discusses Caiz’s alignment with Islamic finance principles, specifically through their Caiz jāʾiz system, which balances ethical finance by ensuring that every transaction does not involve any interest. This system ensures that both parties interests are aligned, and the lender receives a share of the business rather than interest. This approach helps to manage risk while promoting long-term benefits for both parties.

Overall, the conversation highlights the importance of creating sustainable financial ecosystems that prioritize fairness and long-term benefits for all involved. The principles of Islamic finance, combined with innovative blockchain technology, offer a potential path toward achieving this goal.

 

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember - "ALWAYS DO YOUR OWN RESEARCH" 

 

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