What is Islam's ruling with regards to cord blood donation?

A Muslim can donate his/her cord blood as the blood contains cells vital to replace the blood cells in a person who has leukemia, bone marrow failure or certain rare inherited diseases. The collection process does not interfere in the birth process and therefore does not endanger both mother and child. Since the benefit of cord blood donation is prevalent while there is no harm involved, it is therefore allowed in Islam.
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