Wafr Announces WafrChain for On-Chain Shariah-Compliant Sukuk and Pre-Seed Funding
Dubai, United Arab Emirates, November 10th, 2026, FinanceWire
The Islamic finance challenger introduces its first product following a pre-seed investment round backed by banking and technology leaders.
Wafr announces WafrChain, its platform for on-chain Shariah-compliant sukuk, as the first step towards a global Islamic financial platform.
The pre-seed round includes individual investments from Coen Jonker, co-founder of Tyme Group, and Neal Cross, former Chief Innovation Officer of DBS Bank.
WafrChain brings sukuk issuance, distribution, settlement and profit payments onto one institutional platform, with issuers’ Shariah board approvals recorded on-chain and support for fiat and stablecoin settlement.
WafrChain addresses a global sukuk market with US$1.14 trillion outstanding in 2025, ...
