Baraka
The world's first Shariah-compliant perpetual futures protocol.
Zero interest by mathematical proof. Perpetuals, everlasting options, perpetual sukuk, mutual takaful, and Islamic credit default swaps — all priced without riba.
Shariah-Compliant
Zero interest hardcoded. Mathematically proven riba-free.
Original Research
Fourteen papers on SSRN. Built on original academic research.
On-Chain
21 smart contracts deployed on Arbitrum Sepolia testnet.
Awarded by
Best Emerging Innovation — Islamic Product Launch of the Year · 2026
“Baraka Protocol has demonstrated strong innovation in Islamic decentralised finance through the development of a fully on-chain platform designed to expand access to Shariah-compliant derivatives trading. By combining a zero-rate funding model, decentralised exchange infrastructure, cross-margin trading capabilities, and embedded Shariah governance within a scalable digital framework, the platform introduces a differentiated approach to Islamic DeFi innovation.”
— The Digital Banker, in its public recognition of Baraka's Global Islamic Finance Innovation Awards 2026 win
Judged by a panel of senior partners and directors from Bain & Company, Kearney, Monitor Deloitte, Accenture, KPMG, and Simon-Kucher, after stringent adjudication amongst prominent worldwide institutions. The awards' winners span the institutions of global Islamic finance — Standard Chartered Saadiq, Emirates Islamic, Dubai Islamic Bank, Abu Dhabi Islamic Bank, Mashreq, City Bank, and Wafra ($30B asset manager). Baraka stood among them as the sole Islamic DeFi protocol.
A product of Arcus Quant Fund