Every action is anchored to Hedera blockchain via DIDs and Verifiable Credentials, enabling external parties to verify compliance independently without accessing private data.
Every action recorded to HCS with immutable timestamp
Investors, auditors, regulators verify independently
Verify compliance without exposing sensitive data
Share only what's needed for each stakeholder
Understanding the multi-stakeholder verification flow
A participant (e.g., Shariah Board) performs an action like approving a Mudarabah contract. This action is performed by an entity with a Decentralized Identifier (DID) registered on Hedera.
A Verifiable Credential is issued via Hedera Guardian. The VC contains the action details, issuer DID, subject DID, and a cryptographic signature. Think of it as a digital certificate that proves "X did Y at time Z."
The VC hash is submitted to Hedera Consensus Service (HCS), creating an immutable timestamp. This proves when the credential was created and prevents backdating or tampering.
Investors, auditors, or regulators can verify the VC independently via:
Dubai Investment Fund is considering investing in a Mudarabah product from Qatar Islamic Bank.
Without blockchain credentials, the fund would need to:
With Hedera Guardian + VCs:
Unlike Vanta, ServiceNow GRC, or generic compliance platforms, this system provides blockchain-verified credentials that external parties can verify independently. This enables multi-stakeholder workflows without data sharing, critical for Islamic finance where investors, Shariah boards, and regulators need transparency without compromising privacy.