How Caiz Is Solving The Biggest Challenges In Islamic Finance?

Did you know that nearly 500 million Muslims are locked out of formal banking — not by choice, but by a system that clashes with their values? According to the World Population Review, the global Muslim population is estimated to be around 2 billion, representing roughly 25%–26% of the world’s total population. However, many Islamic-based countries are currently facing a financial inclusion crisis, with a significant portion of their population remaining unbanked due to a complex interplay of economic, logistical, and religious factors.

A 2016 report by Thomson Reuters and DinarStandard estimates that around 500 million Muslim adults lack access to formal financial services, a figure corroborated by the Islamic Development Bank Institute (IsDBI) in its 2019 report of financial inclusion determinants in the Islamic world.

The Brookings Institution also provided valuable insights that in select Muslim-majority countries, 13% of unbanked adults are citing religion as a barrier, based on the World Bank’s Global Findex Database 2021 survey data. This percentage was used to estimate that, out of 500 million unbanked Muslim adults, approximately 65 million might be unbanked due to religious reasons.

Table: Account ownership and estimated unbanked populations for key countries based on 2025 population estimates and 2021 account ownership rates.

Islamic finance principles significantly influence financial behavior among Muslims. For instance, the prohibition of riba (interest) makes conventional interest-based banking incompatible with Sharia law, leading many Muslims to avoid formal financial systems unless Sharia-compliant alternatives are available.

What if there was a cryptocurrency designed to align with Islamic financial principles, making it the first fully Sharia-compliant digital currency of its kind? That’s where Caiz comes in—a cryptocurrency specifically built to adhere to Islamic finance principles. As the first fully Sharia-compliant digital currency of its kind, Caiz operates within a blockchain ecosystem that emphasizes ethical practices, transparency, and accessibility, offering a solution that truly resonates with the needs of Muslims in today’s digital economy.

The project aims to provide financial inclusion to underserved and unbanked populations globally while adhering to Islamic values such as prohibiting riba (interest), gharar (excessive uncertainty), and maysir (gambling). Unlike other crypto projects that focus solely on decentralization, Caiz adopts a hybrid approach known as DeCe (Decentralized Centralized), blending the benefits of both models. This approach allows for fully decentralized and transparent transactions while maintaining a centralized operational system to ensure compliance with regulations and alignment with Sharia principles.

How Are Ethical Projects Like Caiz Unlocking Financial Opportunities For 500 Million Unbanked Muslims?

Imagine a world where half a billion people—many of whom have been sidelined by traditional banking (TradFi)—finally get a fair shot at financial inclusion. For the 500 million unbanked Muslims across the globe, cryptocurrencies like $CAIZ are quietly paving the way for new financial technologies that stay true to Islamic principles.

The unbanked crisis hits Muslim-majority regions hard. Think rural Indonesia, northern Nigeria, or parts of the Middle East where banks are scarce, fees are high, or trust is low. TradFi often demands paperwork many cannot provide or charges interest (riba), which clashes with Sharia principles.

The Caiz ecosystem is built on ethical foundations, sidestepping these barriers. No riba, no excessive risk (gharar)—just a transparent system where anyone with a smartphone and internet access can participate. This is a meaningful shift when you consider over 500 million Muslims worldwide, a massive portion of whom still lack access to basic financial tools.

Caiz Products And Services

Caiz’s blockchain project has emerged as a beacon of efficiency and security in the complex world of cross-border trade, which is often plagued by layers of intermediaries, bureaucratic delays, and slow settlement processes.

As a financial technology organization, this innovation is revitalizing the landscape with a powerful mix of speed and newfound simplicity. It is a much-needed solution to the longstanding stagnation that has held back this industry for far too long.

As part of its ecosystem, Caiz offers a variety of innovative products and services:

Caiz Coin ($CAIZ)

Unlike many crypto tokens that rely on speculation, $CAIZ is built to serve as a sustainable financial tool by facilitating ethical transactions, supporting real-world commerce, and promoting financial inclusion for millions who have been left out of traditional banking systems.

While other tokens rise and fall on hype, Caiz Coin anchors itself in a mission to make finance fairer, more transparent, and aligned with values that resonate deeply, especially in the Islamic finance world. It is not just a coin but a tool for change, bridging gaps that have long divided communities from opportunity.

Caiz Stable

Amid market volatility undermining trust in digital assets, the project’s stablecoin, Caiz Stable, provides solutions for crypto backed by tangible, real-world assets such as gold and fiat currencies, ensuring that financial transactions stay stable, ethical, and secure.

Caiz Wallet

For millions without access to fair financial services, the Caiz Wallet is more than just a crypto storage solution but a gateway to seamless, ethical, and interest-free financial transactions that adhere to Islamic principles.

With the Caiz Wallet, someone in a remote village can send money across borders without losing half to fees or waiting days for clearance. Picture a worker in Saudi Arabia remitting funds to a family in Pakistan—instantly, affordably, and ethically.

Caiz Earn

Earning crypto should not involve high risk or speculation. Caiz Earn offers an ethical, Sharia-compliant approach to growing wealth. No speculative gambling, just ethical staking tied to real utility in the ecosystem.

Caiz Chain

Blockchains are everywhere these days, but the Caiz Chain is different. This is a network crafted through a unique Sharia-compliant consensus mechanism, called IFBA (Islamic Federated Byzantine Agreement), designed to keep illicit finance out and ethical principles in. Every transaction humming through its system is a testament to that commitment, ensuring money moves cleanly, transparently, and purposefully.

Caiz Scan

Trust is the cornerstone of Islamic finance. Caiz Scan provides complete transparency, enabling users to track transactions in real time, ensuring compliance, and strengthening trust within the financial ecosystem.

The Future Of Caiz

Despite recent improvements, trust in traditional financial services remains fragile; the 2024 Edelman Trust Barometer indicates that 62% of respondents trust financial services companies to “do the right thing,” marking a 4-point increase from the previous year.

In response, there is a growing interest in ethical finance models. Islamic finance, for example, is projected to command approximately $6.7 trillion in assets by 2027, reflecting its expanding global presence.

Platforms like Caiz are at the forefront of this movement, merging blockchain technology with Islamic finance principles to create a fair, transparent, and stable financial ecosystem. 

As such, the project will debut its token on a centralized crypto exchange in 2025. This launch will enhance $CAIZ’s liquidity and accessibility, enabling more traders and institutions to engage in a Sharia-compliant financial ecosystem.

Conclusion

The Caiz ecosystem presents an approach to solving the biggest financial challenges—exclusion, instability, and lack of trust. Islamic crypto prioritizes inclusivity and responsible economic growth, unlike traditional banks that charge high fees and impose restrictions or speculative cryptocurrencies that encourage risky behavior.

While challenges remain, such as regulatory acceptance and widespread adoption, the foundation is set for a future where finance is genuinely fair, accessible, and aligned with ethical values.

For further information on Caiz and to stay updated on their announcements, please visit their website and follow their official social media channels provided below:

👉 Website: https://caiz.com/

👉 Twitter/X: https://x.com/Caizcoin

👉 YouTube: https://www.youtube.com/@CaizOfficial

👉 Telegram: https://t.me/caizcoin_official

👉 Facebook: https://www.facebook.com/Caizcoin/

👉 LinkedIn: https://www.linkedin.com/company/caizcoin/

👉 Medium: https://caizcoin.medium.com/