Pi Network partners with SidraBank! Creating the world's first decentralized interest-free financial system.

The global Crypto Assets community welcomes a significant collaboration—Pi Network and SidraBank, the world's first decentralized Islamic bank, have announced a partnership to build an interest-free, asset-based Decentralized Finance system. This project combines Blockchain and artificial intelligence technology, aiming to disrupt traditional banking models and enter the Islamic financial market, which is worth up to 7.5 trillion dollars.

Pi Network: A Global Community for Mobile Mining

Pi Network was founded by Stanford University graduates in 2019, with the mission of making crypto assets accessible to everyone.

Low mining threshold: Users only need a mobile phone and the Pi App to easily mine Pi coin.

User scale: Expected to exceed 50 million by September 2025.

Development Roadmap: Currently in the testing phase, planning to launch the mainnet in 2026, and continue testing smart contracts and trading systems.

SidraBank: The World's First Decentralized Islamic Bank

SidraBank focuses on financial services that comply with Islamic law (Shariah), strictly prohibiting interest and conducting transactions based on assets.

In August 2025, SidraBank signed a cooperation agreement with Pi Network, planning to integrate Sidra coin with Pi coin, to achieve:

1. Quick Settlement

2. Interest-Free Trading

3. Asset-based payment model

The goal is to enter the 7.5 trillion dollar Islamic finance market by 2028, challenging the interest income model of traditional banks.

Pi Nexus Autonomous Banking Network: AI Driven Decentralized Finance

One of the cores of the collaboration is the Pi Nexus autonomous banking network, developed by global GitHub developers, integrating:

Blockchain: Ensuring transaction transparency and security

Artificial Intelligence: Automated review of transactions and resources, reducing human intervention.

Decentralization: Operating without the need for large banks, empowering individual users.

The system is currently still in the early testing phase and does not yet support quantum computing, but it is seen as a potential infrastructure that could disrupt traditional finance.

Latest Developments and Challenges

The latest version of the Pi Network App (1.28) is now online, featuring a preview of the Nexus interface, allowing users to intuitively experience the prototype of a self-sovereign banking system.

However, experts remain cautious about the plan.

Optimists believe that interest-free and decentralized financial models will attract a large number of users.

Watchful faction: believes that the project is still in the testing phase and requires more time before commercial implementation.

Conclusion

The collaboration between Pi Network and SidraBank is not only a cross-border integration of Crypto Assets and Islamic finance, but also a challenge to the traditional banking interest model. With the gradual improvement of AI, Blockchain, and Decentralized Finance infrastructure, this interest-free financial system may become an important force in global financial innovation in the coming years.