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Unlocking Shariah Wealth: 2025’s Hottest Blockchain Tokenization Platforms Revealed

19 May 2025
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Unlocking Shariah Wealth: 2025’s Hottest Blockchain Tokenization Platforms Revealed

Table of Contents

Unlocking $16 Trillion With Tokenization

Executive Summary: Islamic-Compliant Tokenization in 2025

The landscape for Islamic-compliant blockchain tokenization platforms is evolving rapidly as the global Islamic finance sector seeks to harness the benefits of digital assets while adhering to Shariah principles. In 2025, the convergence of blockchain technology and Islamic finance is increasingly driven by demand for transparency, efficiency, and compliance in asset management and investment instruments, especially across the Middle East, Southeast Asia, and parts of Africa.

Several major initiatives are underway to address the unique requirements of Shariah compliance in tokenized assets. Abu Dhabi Global Market (ADGM) has established a digital lab to test and certify blockchain solutions, including tokenization platforms, for compliance with Islamic finance regulations. This move has enabled fintech startups and established financial institutions to develop and deploy Shariah-compliant digital securities and sukuk, ensuring that underlying assets avoid interest (riba), excessive uncertainty (gharar), and prohibited activities.

In Malaysia, Bank Negara Malaysia and the Securities Commission Malaysia continue to provide regulatory clarity and sandbox environments. Notably, Fasset, a digital asset gateway, has advanced tokenization services that focus on real-world assets (RWAs) such as real estate and infrastructure, offering solutions that have been reviewed by Shariah scholars for compliance. Similarly, Tawarruq is pioneering blockchain-based commodity murabaha platforms, digitizing traditional Islamic financing structures while leveraging distributed ledger transparency.

The Gulf region is also witnessing significant momentum. Dubai International Financial Centre (DIFC) and its Innovation Hub are working with blockchain platform providers to facilitate the issuance and trading of Shariah-compliant digital tokens and sukuk. The collaboration between DIFC and key players is fostering the development of robust governance and certification frameworks, essential for investor trust and cross-border acceptance.

Looking ahead, the outlook for Islamic-compliant tokenization platforms remains strong. Growing investor appetite, government support, and technological advancements are expected to drive market expansion through 2025 and beyond. Industry participants anticipate increased integration with global digital asset infrastructure, while maintaining rigorous Shariah screening and certification processes. The sector is poised for further innovation, particularly in areas like decentralized finance (DeFi) and green sukuk, creating new pathways for ethical investment and inclusive growth in the digital economy.

Regulatory Landscape: Shariah Standards and Global Compliance

The regulatory landscape for Islamic-compliant blockchain tokenization platforms is evolving rapidly as demand for digital assets that adhere to Shariah principles grows, particularly in regions with significant Muslim populations such as the Gulf Cooperation Council (GCC), Southeast Asia, and parts of Africa. As of 2025, regulatory authorities and Shariah standard-setting bodies are increasingly collaborating to provide clear frameworks to govern the issuance, trading, and management of tokenized assets according to Islamic law.

A key development has been the active involvement of organizations like the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), which continues to issue standards that guide the structuring of Shariah-compliant financial products, including those leveraging blockchain technology. The AAOIFI’s guidelines are referenced by regulators and platform operators alike to ensure compliance in the digital asset space, focusing on avoiding riba (interest), gharar (uncertainty), and maysir (gambling)—core prohibitions in Islamic finance.

In the GCC, regulators such as the Central Bank of Bahrain (CBB) have issued specific regulations for crypto-assets and are working closely with Shariah scholars and fintech innovators to enable Islamic-compliant tokenization. Bahrain’s regulatory sandbox has attracted platforms like Inabina, which tokenizes real estate while adhering to Shariah standards, and has received formal Shariah certification for its blockchain-based offerings. Similarly, the Securities and Commodities Authority (SCA) of the UAE is developing frameworks to allow Shariah-compliant digital token offerings, with a focus on asset-backed and utility tokens.

Malaysia remains a regional leader, with the Securities Commission Malaysia (SC) offering guidelines for digital assets and supporting initiatives such as the IBF Net Group, which has launched blockchain-based platforms for ethical and Shariah-compliant social finance solutions. These platforms are often required to obtain certification from recognized Shariah advisory boards to ensure ongoing compliance.

Globally, the increasing interoperability between traditional financial sector regulations and Shariah standards is enabling broader acceptance of Islamic-compliant digital assets. For instance, partnerships between leading blockchain technology providers and Shariah advisory firms are facilitating the certification process for tokenization platforms, as seen in the collaboration between Stellar Development Foundation and Shariah-compliant ventures in the MENA region.

Looking ahead, the outlook for Islamic-compliant blockchain tokenization platforms is positive, with regulatory clarity expected to drive significant growth. As blockchain and tokenization mature, regulators are anticipated to introduce more comprehensive Shariah-specific guidelines, and cross-border collaboration is likely to increase, supporting the expansion of these platforms across OIC (Organization of Islamic Cooperation) countries and beyond.

Key Players and Platform Profiles (e.g., halalblockchain.com, onegram.org, adabsolutions.com)

The rapid growth of Islamic-compliant blockchain tokenization platforms reflects a convergence of Shariah principles and distributed ledger technology, catering to the needs of the global Islamic finance market—estimated to exceed $3 trillion by 2025. The following section profiles several key platforms, highlighting their operational focus, compliance framework, and strategic outlook into 2025 and beyond.

  • Halal Blockchain: Halal Blockchain positions itself as a leading Shariah-compliant blockchain infrastructure provider, focusing on asset tokenization for sectors such as real estate, sukuk (Islamic bonds), and commodity trading. The platform utilizes smart contracts specifically audited for compliance with Islamic finance principles, ensuring avoidance of riba (interest), gharar (excessive uncertainty), and maysir (gambling). As of 2025, the company is expanding partnerships with Islamic banks and fintechs across Southeast Asia and the Middle East to facilitate cross-border halal asset transactions. Their roadmap indicates integration with Islamic insurance (takaful) and halal supply chain tracking within the next two years.
  • OneGram: OneGram pioneered gold-backed cryptocurrency fully aligned with Shariah guidelines. Each OneGram token (OGC) is backed by at least one gram of physical gold stored in secure vaults, with regular audits to ensure transparency and compliance. The platform’s Shariah Supervisory Board continues to oversee all operations. In 2025, OneGram is enhancing interoperability with other Islamic-compliant digital assets and expanding its network of participating gold vaults in the Middle East and Southeast Asia, responding to increased institutional demand for halal digital assets.
  • ADAB Solutions: ADAB Solutions operates the First Islamic Crypto Exchange (FICE), offering a marketplace for Shariah-screened digital assets and tokens. The exchange applies a rigorous vetting process, including Shariah advisory and independent audits. ADAB Solutions is also developing an Islamic decentralized finance (DeFi) protocol, aiming for a 2025 launch, which will offer compliant lending, staking, and liquidity provision services. Strategic partnerships with Islamic fintech associations are underway, signaling further growth and mainstream adoption in the coming years.

As competition intensifies, these platforms are expected to further innovate in digital identity, regulatory compliance, and cross-border interoperability. The next few years will likely witness increased collaboration with Islamic financial institutions, integration of artificial intelligence for compliance automation, and the emergence of new asset classes on Shariah-compliant blockchains. Regulatory engagement remains a priority, with ongoing efforts to harmonize standards and secure recognition from major Islamic finance authorities.

Technology Frameworks: Smart Contracts, Security, and Shariah Auditing

The integration of blockchain tokenization platforms with Shariah compliance is rapidly evolving, driven by both technological advancement and increasing demand for ethical digital assets among Muslim-majority markets. As of 2025, technology frameworks underpinning Islamic-compliant platforms are being shaped by three core pillars: smart contracts, robust security protocols, and embedded Shariah auditing mechanisms.

Smart contracts serve as the foundational layer for automating compliance and transactional logic. Leading platforms such as Adab Solutions have developed proprietary smart contract templates that encode Shariah principles (such as the prohibition of riba and gharar) directly into the token issuance and transaction lifecycle. This approach ensures that asset tokenization, trading, and profit distribution are aligned with Islamic finance tenets. In 2025, platforms are increasingly adopting programmable contracts that can be updated based on evolving Shariah interpretations, providing both flexibility and auditability.

Security remains paramount, especially in the context of asset-backed tokens and investor protection. Islamic-compliant blockchain platforms are leveraging multi-layered security protocols, including zero-knowledge proofs and decentralized identity management. For example, Fasset utilizes advanced cryptographic techniques and KYC/AML procedures tailored to local Islamic regulatory requirements, ensuring secure and transparent onboarding while maintaining Shariah compliance. Furthermore, the use of asset custody arrangements—where physical and digital proofs of ownership are tokenized—adds an extra layer of trust and verifiability for investors.

A defining feature of Islamic-compliant tokenization platforms in 2025 is the integration of Shariah auditing as an ongoing, automated process. Traditionally, Shariah compliance was ensured through periodic human audits. Now, platforms like OneGram and Adab Solutions embed real-time Shariah auditing modules that monitor transactions and contract execution. These modules are often overseen by a council of certified Shariah scholars, whose rulings are codified as logic within the platform. This continuous auditing framework enhances investor confidence and regulatory alignment, especially as authorities in regions such as the UAE and Malaysia are setting forth clearer digital asset guidelines.

Looking ahead, the outlook for Islamic-compliant blockchain tokenization is robust. Innovations in interoperability—such as cross-chain token standards—and the emergence of decentralized autonomous organizations (DAOs) governed by Shariah principles are set to further transform the sector. Industry leaders anticipate that by 2027, tokenized sukuk, real estate, and commodities will be widely accessible through platforms that combine smart contract automation, rigorous security, and transparent Shariah governance. These developments are positioning Islamic-compliant tokenization as a cornerstone of ethical digital finance globally.

Tokenization Use Cases: Real Estate, Sukuk, Commodities, and Beyond

Islamic-compliant blockchain tokenization platforms are reshaping the landscape of Shariah-adherent finance by enabling the digitization of real-world assets—such as real estate, sukuk (Islamic bonds), and commodities—while embedding compliance mechanisms within the technology stack. As of 2025, the demand for such platforms is escalating, driven by both regulatory support and growing investor appetite in regions with significant Islamic finance sectors, notably the Gulf Cooperation Council (GCC), Southeast Asia, and parts of Africa.

In the real estate sector, tokenization platforms are reducing entry barriers, increasing liquidity, and providing fractional ownership to a wider investor base. For instance, Tokomall, an initiative of Malaysia-based Tokocrypto, has tailored its platform to facilitate Shariah-compliant tokenized real estate investments. By integrating smart contracts with Shariah screening modules, these platforms ensure investment structures avoid non-compliant elements such as gharar (uncertainty) and riba (interest).

The sukuk market—already a cornerstone of Islamic capital markets—stands to benefit substantially from blockchain tokenization. In 2023, Bahrain Bourse and the Central Bank of Bahrain piloted a tokenized sukuk issuance, demonstrating the technical and regulatory feasibility of blockchain-enabled, Shariah-compliant fixed income products. Building on such initiatives, platforms like Abu Dhabi Global Market's Digital Lab are actively supporting the development and testing of end-to-end Shariah-compliant digital sukuk issuance workflows, with further rollouts expected in 2025.

  • Commodities: Blockchain tokenization of commodities such as gold is gaining traction, with platforms like OneGram offering tokens backed by physical gold and verified for Shariah compliance. Such tokens provide transparency and auditability, crucial for Islamic investors who prioritize asset-backed structures.
  • Beyond Traditional Assets: Tokenization platforms are also exploring new frontiers such as Islamic-compliant crowdfunding and microfinance. For example, Finterra has developed a blockchain-based waqf (endowment) management platform, opening up opportunities for social finance in a transparent, immutable manner.

Looking ahead, Islamic-compliant blockchain tokenization is expected to see accelerated adoption through regulatory sandboxes, cross-border collaborations, and integration with digital identity solutions. The outlook for 2025 and beyond is optimistic, with industry initiatives supported by governments and Shariah boards, aiming to enhance efficiency, transparency, and inclusivity in the global Islamic finance ecosystem.

Market Size, Growth Drivers, and 2025–2030 Forecasts

The global market for Islamic-compliant blockchain tokenization platforms is experiencing a period of active growth, underpinned by rising demand for Shariah-compliant digital financial services and the increasing adoption of blockchain in the Muslim-majority world. As of 2025, several platforms are leveraging distributed ledger technologies to provide tokenization solutions compliant with Islamic finance principles such as prohibition of riba (interest), gharar (uncertainty), and maysir (gambling).

Key regional growth drivers include accelerated digital transformation in the Gulf Cooperation Council (GCC) countries and Southeast Asia, with national strategies focused on fintech innovation and financial inclusion. The government of the United Arab Emirates (UAE) continues to champion blockchain adoption across verticals, including Islamic finance, as part of the Dubai Blockchain Strategy. Malaysia’s ongoing initiatives, led by Malaysia Digital Economy Corporation and Bank Negara Malaysia, further reinforce the enabling environment for compliant tokenization platforms.

Among notable industry players, Adab Solutions and Tokentus have advanced platforms that enable the tokenization of real-world Islamic financial assets, such as sukuk (Islamic bonds), real estate, and halal investment products. These platforms incorporate Shariah governance frameworks and utilize smart contracts that adhere to Islamic jurisprudence, attracting both institutional and retail investors seeking ethical alternatives.

The market outlook for 2025–2030 points to strong double-digit annual growth, with the addressable market expanding due to regulatory clarity and increasing investor confidence. The Organization of Islamic Cooperation (OIC) member states, collectively representing over 1.9 billion people, form a substantial user base for compliant digital assets. Furthermore, initiatives such as the INCEIF University blockchain research programs and SESAME Technology’s cross-border digital platform pilots are expected to catalyze innovation and adoption.

  • Continuous regulatory support from central banks in the GCC and Southeast Asia is anticipated to drive mainstream integration of Islamic-compliant tokenization platforms.
  • Real-world asset tokenization, especially sukuk and Islamic real estate, will account for a significant share of market growth through 2030.
  • Partnerships between Islamic banks and blockchain providers, such as those involving Dubai Islamic Bank and technology firms, are expected to accelerate platform development and market penetration.

In summary, the period from 2025 to 2030 is likely to see robust expansion of the Islamic-compliant tokenization platform market, driven by technology adoption, supportive regulation, and increasing demand for accessible, ethical digital assets.

The adoption of blockchain technology within the Islamic finance sector has accelerated significantly, with a particular focus on tokenization platforms that align with Shariah principles. In 2025, investment trends reveal a surge in capital inflows targeting Islamic-compliant blockchain solutions, driven by the growing demand for transparency, efficiency, and global accessibility in financial services among Muslim-majority markets.

Major financial institutions and dedicated fintech startups are at the forefront of this trend. Finterra, a Malaysia-based Islamic fintech platform, has secured multi-million dollar investments to expand its blockchain-based WAQF Chain, designed for tokenizing endowment assets in a Shariah-compliant manner. Investment inflows are not only limited to Southeast Asia; in the Middle East, the Dubai International Financial Centre (DIFC) has continued to foster innovation through its FinTech Hive accelerator, supporting Shariah-compliant tokenization initiatives and attracting capital from both regional and international investors (Dubai International Financial Centre).

Strategic partnerships play a crucial role in scaling these platforms. In 2024 and into 2025, Stellar Development Foundation collaborated with Islamic banking groups to launch tokenized sukuk (Islamic bonds) on its blockchain, accessible to global investors while ensuring Shariah compliance through smart contract protocols. The ability to fractionalize assets and reduce transaction costs has made these offerings attractive to both institutional and retail investors, influencing a marked increase in capital inflows into compliant tokenization platforms.

The regulatory landscape is also evolving to accommodate the shift. The Central Bank of Bahrain has issued guidelines for digital asset platforms, specifically addressing Shariah compliance requirements, thus bolstering investor confidence and allowing more venture capital and private equity funds to flow into local Islamic blockchain projects (Central Bank of Bahrain). Furthermore, in 2025, pilot programs involving tokenized real estate and commodities are underway in Saudi Arabia and Indonesia, with local banks and government-backed incubators providing seed funding and technical support.

Looking ahead, the outlook for Islamic-compliant blockchain tokenization platforms remains robust. Market participants anticipate continued growth in investment, spurred by increasing cross-border collaborations and the entry of traditional Islamic banks into the blockchain arena. As infrastructure matures and regulatory clarity increases, capital inflows are expected to rise, positioning Islamic-compliant tokenization platforms as a significant component of the broader digital finance landscape in the coming years.

Challenges: Shariah Governance, Cross-Border Integration, and Tech Adoption

The adoption of Islamic-compliant blockchain tokenization platforms is gaining momentum, yet several significant challenges persist in 2025 and are likely to shape the sector over the next few years. The foremost among these are Shariah governance complexities, cross-border integration barriers, and the technical hurdles associated with digital transformation in Islamic finance.

Shariah Governance remains central to the integrity and viability of blockchain-based tokenization platforms catering to Islamic finance. Ensuring compliance with Islamic law requires not only the exclusion of prohibited (haram) activities but also transparent governance frameworks that are regularly reviewed by recognized Shariah scholars. Leading institutions, such as Wahed Invest and Emaar, demonstrate the need for dedicated Shariah boards to validate the permissibility of tokenized assets and associated smart contracts. However, the lack of standardized Shariah interpretations across jurisdictions poses a hurdle for platforms seeking multi-country adoption. The Islamic Financial Services Board (IFSB) and similar bodies have yet to release universally accepted guidelines for blockchain tokenization, leaving room for fragmentation and regulatory uncertainty.

Cross-Border Integration is another pressing challenge, as Islamic-compliant tokenization platforms often aim to serve a diverse, global clientele. The absence of harmonized regulatory environments and the varying recognition of digital assets in countries such as Malaysia, the UAE, and Saudi Arabia hinder seamless interoperability. For instance, platforms like Abu Dhabi Global Market's Digital Lab are working to bridge regulatory divides, but cross-border token transfer and settlement remain complex—especially when combined with Shariah compliance requirements. The lack of mutual recognition agreements and standardized digital asset frameworks could slow the pace of institutional adoption and cross-market liquidity over the next several years.

Technology Adoption within the Islamic finance sector also presents unique obstacles. Many institutions are still in the early stages of digital transformation, facing legacy infrastructure constraints and skills gaps. Platforms such as Fasset, which offers Shariah-compliant digital asset investment, have highlighted the need for enhanced education, robust cybersecurity, and user-friendly interfaces to drive adoption among both retail and institutional investors. The rapid pace of blockchain innovation means that regulatory frameworks, talent pools, and user readiness must evolve in tandem—a process that may take several years to mature.

Looking ahead, addressing these challenges will require deeper collaboration between regulators, Shariah scholars, and technology providers. While progress is evident, particularly in regulatory sandboxes and pilot projects, the full realization of cross-border, Shariah-compliant blockchain tokenization is likely to be gradual, with ongoing efforts to achieve standardization, interoperability, and trust.

Future Innovations: AI, Decentralized Finance, and Islamic Digital Assets

The convergence of blockchain technology and Islamic finance is driving the emergence of Islamic-compliant tokenization platforms, with 2025 expected to mark a period of rapid innovation and regulatory maturation. Tokenization, the process of converting real-world assets into digital tokens on a blockchain, enables greater liquidity, transparency, and accessibility—attributes highly sought after in Islamic finance, which emphasizes asset-backing and ethical investing.

A leading example is Abu Dhabi Global Market (ADGM), which is fostering an ecosystem for fintech and Islamic digital assets through regulatory sandboxes and partnerships. In 2024, ADGM approved the launch of a tokenization platform by Finterra, which specializes in blockchain-based waqf (endowment) management and Shariah-compliant asset tokenization. Such platforms allow investors to participate in fractional ownership of real estate, sukuk, and waqf assets, ensuring compliance through on-chain Shariah governance protocols.

Further, Saturn Blockchain is pioneering a Shariah-compliant decentralized finance (DeFi) stack, enabling tokenized Islamic financial instruments such as sukuk and murabaha contracts. Saturn integrates AI-powered compliance checks to automate the vetting of transactions and contracts against Shariah standards, a trend that is anticipated to become mainstream by 2025 as platforms seek to scale globally while maintaining robust compliance.

Malaysia’s International Islamic University Malaysia (IIUM) and industry partners are collaborating on blockchain tokenization pilots for halal supply chains and Islamic microfinance. These projects explore how smart contracts can automate profit-and-loss sharing and zakat distribution, reinforcing transparency and trust for stakeholders.

Regulatory clarity is also evolving, with bodies such as AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) issuing guidelines for digital assets and tokenization in line with Shariah principles. Such guidance is crucial as tokenized sukuk and Islamic REITs are expected to attract institutional and retail investors across the Middle East, Southeast Asia, and beyond.

Looking forward, the outlook for Islamic-compliant tokenization platforms is robust. The convergence of AI, DeFi, and blockchain is poised to deliver new classes of digital assets—ranging from tokenized halal commodities to programmable waqf—while reinforcing compliance and security. As more regulators and scholars embrace these innovations, 2025 and the years following are likely to see a proliferation of cross-border platforms, with increased interoperability and accessibility for the global Muslim population.

Strategic Recommendations and 5-Year Outlook for Stakeholders

The trajectory of Islamic-compliant blockchain tokenization platforms in 2025 and beyond is shaped by the convergence of Shariah finance principles and accelerating digital innovation. Stakeholders—including Islamic financial institutions, technology providers, regulators, and investors—face unique opportunities and challenges as adoption grows across the Organization of Islamic Cooperation (OIC) countries and select global markets.

Strategic Recommendations

  • Emphasize Shariah Governance and Certification: Platforms should prioritize transparent Shariah compliance frameworks, working closely with established Shariah supervisory boards. Partnerships with recognized certifiers such as the Amanie Advisors or the Shariyah Review Bureau will foster trust among investors and institutions.
  • Collaborate with Islamic Financial Institutions: Banks and asset managers in the Islamic finance sector are increasingly open to tokenized sukuk and real-world assets. For example, Abu Dhabi Islamic Bank (ADIB) and Emirates Islamic are exploring blockchain for efficient capital market solutions. Strategic alliances with such players can help platforms achieve scale and credibility.
  • Engage Proactively with Regulators: Early engagement with regulatory bodies such as the Securities Commission Malaysia or the Dubai Financial Services Authority is crucial. Platforms must participate in regulatory sandboxes and offer input on evolving digital asset frameworks to ensure that tokenization models remain compliant and secure.
  • Prioritize Interoperability and Security: Technical investments in interoperability with existing Islamic finance infrastructure—such as core banking systems and payment rails—will ease adoption. Robust cybersecurity and transparent smart contract auditing, as practiced by firms like SettleMint, are essential for risk mitigation.
  • Expand Education and Ecosystem Building: Stakeholder education programs, including training for Shariah scholars, legal professionals, and end-users, will accelerate market readiness and innovation.

5-Year Outlook (2025–2030)

The next five years will likely see the steady mainstreaming of Islamic-compliant tokenization platforms, especially in the Gulf Cooperation Council (GCC), Southeast Asia, and select African markets. Asset classes such as sukuk, real estate, and halal supply chains will benefit from increased liquidity and fractional ownership opportunities enabled by blockchain. Regulatory clarity is expected to improve, with bodies like the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) likely to issue further guidance on tokenized assets. By 2030, leading platforms may become integral infrastructure for cross-border Islamic financial services, driving both financial inclusion and innovation.

Sources & References

Jaden Emery

Jaden Emery is an accomplished writer and thought leader specializing in new technologies and fintech. He holds a Master’s degree in Technology Management from the prestigious Masquerade University, where he focused on the intersection of digital innovation and financial services. With over a decade of experience in the fintech sector, Jaden’s insights have been honed through his role as a Senior Analyst at Zesty Solutions, a pioneering company recognized for its cutting-edge approach to financial technology. His work has been featured in several reputable publications, and he is a sought-after speaker at industry conferences, where he shares his expertise on the future of finance and technology. Jaden’s passion lies in exploring how emerging technologies can reshape the financial landscape, making him a pivotal voice in the evolving dialogue around fintech innovation.

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