Start a Crypto Repurchase agreement using Collateral
Browse Shariah-compliant opportunities, track your returns, and grow your portfolio on Islamic DeFi.
Summary
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How to enter into a Crypto Repurchase
Entering into a crypto repurchase agreement with BarakaFi is easy, secure and fully halal.
Select asset to purchase and collateral
Review terms, check expected returns and confirm your repurchase agreement.
Verify Details
Review all terms to ensure Sharia compliance, check expected returns, and confirm your investment.
Confirm and Purchase
Complete the transaction security to officially enter onto a repurchase agreement using your collateral.
Crypto Loans with BarakaFi
You may be familiar with traditional loans from banks and credit unions when it comes to managing your finances. To be Sharia compliant we have developed a smart contract Repurchase agreement, to enable you to use collateral to enter into a repurchase agreement for crypto.
Crypto repurchase agreements allow you to purchase money with your cryptocurrency as collateral. Traditional financing is centralized, whereas crypto loans are decentralized. Therefore, you won't have to worry about a credit check or a long application process to receive your money.
Moreover, you can make your repurchase in a variety of currencies like USDC. Crypto repurchase agreements may be an option worth exploring if you're in need of extra cash and have some cryptocurrency to spare.