A new venture aims to use blockchain technology to modernise the management and investments of Islamic charitable endowments, called waqf, that would tap into a vast but underutilised pool of assets across the Muslim world. Singapore-based financial technology company Finterra has developed a crowdfunding platform that uses digital ledger technology, or blockchain, to create smart contracts that would be tied to specific waqf projects, said Finterra founder and chief executive officer Hamid Rashid.