Caiz: Building an IFBA-approved Riba-free ecosystem

Despite rapid digital advancements, nearly 2 billion people remain locked out of financial systems. For many, it’s not just about access—it’s about trust, ethics, and compliance. Caiz is pioneering a new era of Jaiz (permissible) finance with its Sharia-compliant financial ecosystem. This ecosystem combines decentralization and responsible governance to help ethical and Islamic finance find its place in the modern fintech space. 

While some Islamic crypto projects focus solely on compliance, Caiz takes it further with its unique governance model (IFBA), hybrid DeCe framework, and real-world integrations—offering true financial inclusivity. This shows a lack of universally inclusive, ethical, and transparent options. 

Caiz’s solution

Caiz intends to act as a bridge between modern fintech and ethical finance giving its users Riba-free (interest-free) transactions that align with Islamic finance. A financial network that is decentralized yet compliant to ensure trust, transparency, and financial access. Stable, asset-backed digital currencies to avoid volatility and speculation.

The platform’s name Caiz (pronounced jāʾiz) is a representation of the team’s commitment to preserving the values of lawfulness, trustworthiness, and legitimacy while also prioritizing inclusion, justice, safety, and philanthropy by adhering to Fiqh-compliant financial principles. 

The fiqh-compliant financial model centers on Islamic principles such as the prohibition of Riba or interest, asset-backed transactions, and limits on funding Haram ventures. 

IFBA-compliant and a unique DeCe system

IFBA (Islamic Federated Byzantine Agreement) is Caiz’s unique governance model that ensures every transaction follows Islamic finance principles. Unlike decentralized networks prone to fraud, IFBA enforces compliance through verified scholars, identity verification, and transparent decision-making—ensuring security and trust. These innovations also ensure that the nodes in the network of the Caiz chain can always reach consensus, thereby making sure that the blockchain will never stop running. 

IFBA has 3 main innovations, these include:

• Introduction of Islamic Supervisory Nodes: These are special types of nodes that are run by Islamic scholars who are respected leaders in the community. 
• Verified, public nodes: Individuals and organizations have to pass identity and compliance verification in order to join the Caiz chain network.
• The consensus protocol: It is used by nodes in the network to ensure the validity and Fiqh compliance of statements or ledger updates. 

The DeCe is a financial architecture that combines the benefits of decentralized and centralized systems creating a safe and inclusive environment that allows the platform to capitalize on the opportunities provided by new digital systems. Through this system, Caiz can provide its users with lower fees and a faster and more transparent framework based on high moral principles by balancing operations and instruments, while also ensuring that the users maintain complete ownership and control of their data.   

Caiz Coin Tokenomics

Unlike other tokens and coins that thrive on speculation, Caiz Coin is designed to be a stable financial bridge that powers ethical transactions, while finding real-world commerce and ensuring financial inclusion for millions of people who have been excluded from traditional banking systems.

Caiz Coin is designed as a deflationary token with a current circulating supply of 40 million out of which 20 million are locked in a liquidity pool. Out of its total supply, 70% of the token is set aside for the ecosystem, a 10% share is for the treasury, 8% for the team, a 5% share for Caiz Gold, another 5% for growth, legality, advisory and promotions and the remaining 2% for charity. 

The platform has plans to launch its native Caiz Chain, after which the user growth in terms of verified wallets will lead to the release of a number of extra Caiz coins. This is called the Elastic Coin Release Amount, it also ensures that there is constant deflationary pressure in the ecosystem.

The Caiz ecosystem

In order to address the financial challenges faced by nearly 2 billion unbanked people, Caiz is developing a comprehensive financial ecosystem that not only complies with Sharia principles but also meets the highest security and technical standards. Some of these solutions include:

Caiz Chain

One of the major developments in the platform’s ecosystem is the Caiz Chain. It is a distributed database solution functioning as the host for Caiz Coin and all related APIs to facilitate decentralized, peer-to-peer transactions. 

This blockchain would operate on a network of federated nodes that approve transactions governed by a Fiqh-compliant governance layer. It also incorporates innovative methods such as full KYC requirements for new users to access the ecosystem. 

Caiz Stable

Stablecoins are cryptocurrencies that have their value anchored to another coin or assets. The Caiz Stable is a perfect solution for those who are looking for a way to be more responsible with their crypto assets. It is being designed as a crypto where the price will be pegged to a real asset and at the same time, is also compliant with Islamic finance. 

Caiz Gold

The platform also plans to offer Caiz Gold tokens backed by real bullion held in secure vaults. Gold is one of the most stable assets in the world and is an easy choice for anyone who wants to hedge against the volatility of other cryptocurrencies. 

Caiz App

The Caiz App has been stated as the centerpiece of the Caiz ecosystem. It lets its users maintain complete control over their digital assets and access all the features of the ecosystem. It can be downloaded from the app store or accessed via a webpage as well. 

Caiz Wallet

The Caiz Wallet is a digital wallet that enables users to store the Caiz Coin and various other financial products in the Caiz ecosystem. It serves as the core element for a user’s interaction with the Caiz Chain and the financial products offered within the Caiz ecosystem. It is integrated into the Caiz App and also provides additional features such as confirming transactions that are compliant with Islamic law as well as allocating a percentage of funds to Zakat. 

Caiz Scan

Caiz Scan is a portal that lets users track real-time data, transactions, validators, accounts, and other on-chain activities. It is a powerful tool that can be used for analyzing the blockchain ecosystem and finding new blockchain projects. It can also be used to monitor wallets and check whether your transactions have been confirmed by validators. 

Final word 

Caiz is building a Fiqh-compliant financial model that protects both the investors and their assets. Unlike traditional interest rates, it allows for equity participation with investors sharing risks and gains. It also emphasizes equity and places itself on parity with investors. 

It is the first ethical blockchain governance model that ensures transactions follow Islamic financial principles while also remaining secure and transparent. The DeCe (Decentralized Centralized finance) combination brings the best of both worlds for better transparency of blockchain and compliance with sharia standards. 

The platform’s mission is to bring financial instruments to users who do not have access to traditional financial systems, while also providing a more simplified and congenial model to those who are already there in the system. 

For more information on Caiz, please check out their official website. 

Disclaimer: This is a paid post and should not be treated as news/advice.