Firoza Finance has launched a $2 million pilot program for Shariah-compliant decentralized finance (DeFi), incorporating the world's first real-world Mudarabah smart contract. This program includes three distinct investment pools with a total value locked (TVL) of over $2 million, providing Shariah-compliant financing options and addressing a significant gap in the DeFi market. The Institute of Islamic Banking and Insurance defines Mudarabah as a financing technique where the Islamic bank provides all the capital, while the other party manages the business.