Let’s dive deep together to find answers.

HaqqPad s a leading platform that offers a unique investment opportunity for individuals seeking ethical and Shariah-compliant blockchain projects. With a strong emphasis on quality, trust, and adherence to Islamic finance principles, HaqqPad provides a seamless user experience and early access to promising projects. In this article, we will delve into the key reasons why HaqqPad stands out as the premier launchpad for innovative blockchain ventures.

Ethical Investments: One of HaqqPad’s primary focuses is promoting blockchain projects that align with Shariah principles and ethical standards. Before listing any project on the platform, HaqqPad conducts a rigorous evaluation process to ensure that it meets strict criteria, giving investors confidence in the ethical nature of their investments. By choosing HaqqPad, investors can be assured that the projects they support are in harmony with their values.

Quality and Trust: HaqqPad places a high priority on maintaining quality and trust in its platform. Every project undergoes thorough due diligence by a team of experts before being listed. This meticulous evaluation process ensures that only the most promising and credible projects are available for investment. HaqqPad’s certification logo guarantees that the projects strictly adhere to Shariah principles, providing investors with added assurance and peace of mind.

Shariah Compliance: For individuals looking to invest in accordance with Islamic finance principles, HaqqPad provides access to a carefully curated selection of Shariah-compliant blockchain projects. Recognizing the significance of adhering to these principles, HaqqPad has designed its platform to cater to investors seeking investments that meet the requirements of Islamic finance.

Early Access to Promising Projects: By subscribing to the HaqqPad waiting list, investors gain exclusive early access to exciting blockchain projects. HaqqPad aims to be at the forefront of discovering innovative ideas, groundbreaking technologies, and projects with significant growth potential. This early access opportunity allows investors to invest in projects aligned with their values and potentially enjoy greater returns.

Seamless User Experience: HaqqPad is dedicated to providing a seamless user experience for investors. The platform features an intuitive interface that allows users to navigate through projects, access relevant information, and participate in token sales effortlessly. Prioritizing security, transparency, and a smooth investment process, HaqqPad ensures that investors can engage with confidence and ease.

Conclusion: HaqqPad stands out as the premier launchpad for individuals seeking ethical and Shariah-compliant blockchain investments. With a focus on ethical standards, quality, and trust, HaqqPad offers a curated selection of projects that align with investors’ values. Through its seamless user experience and early access to promising projects, HaqqPad provides a unique platform for investors to support innovative ventures while adhering to their ethical and financial principles. Join HaqqPad today and unlock the potential for your blockchain project to soar to new heights.

#IslamicCoin #HAQQnetwork #Web3 #DeFi #Blockchain

sponsored by Islamic Coin

Shariah Oracle: Bridging the Gap Between Blockchain and Halal Certificates

Introduction

The Shariah Oracle is a groundbreaking on-chain registry of Halal Certificates designed to ensure Sharia-compliant interaction within the HAQQ network. Serving as an essential component of the HAQQ Wallet, the Oracle maintains a whitelist of smart contracts, granting access to only verified dApps. By doing so, it allows developers to showcase their ethical relevance to Muslim users and gain entry to the HAQQ Wallet marketplace.

Understanding Oracles and Their Role

Oracles play a crucial role in decentralized applications (dApps) by bridging the gap between on-chain and off-chain worlds. They retrieve data from external sources and provide it to smart contracts, facilitating automated execution. Oracles use various methods, such as API calls, distributed ledger data, consensus-based algorithms, and trusted data sources to ensure the reliability and accuracy of the data fed to smart contracts.

The Shariah Oracle and its Purpose

The Shariah Oracle is a vital tool in curbing unethical or Haram activities within the HAQQ network. It achieves this by permitting access only to Sharia-compliant dApps, thereby enabling developers to demonstrate their ethical commitment to Muslim users and feature their products and services in the HAQQ Wallet marketplace.

How Does the Shariah Oracle Work?

The Shariah Oracle operates through two levels of approval: Community approval and Shariah board approval. Community approval involves ISLM stakers voting on proposals for listing projects in the HAQQ Wallet Marketplace. Shariah Board approval grants a Shariah Compliant label to projects after an audit process by the board. Additionally, the Oracle features a warning system that alerts users when they attempt to sign transactions with non-community-approved contracts, bolstering the HAQQ Network's security.

Maintaining Decentralization in the Shariah Oracle

Despite its Shariah Compliance feature, the HAQQ Network remains decentralized. The Shariah Oracle's influence is confined to the HAQQ Wallet behavior and does not extend to other aspects of the network or Layer 1. Consequently, users who are not concerned with Shariah compliance can still interact with any smart contract deployed on the HAQQ Network using Metamask or other EVM-compatible wallets.

Value Proposition of the Shariah Oracle

The Shariah Oracle offers significant value by ensuring that all smart contracts interacting with the HAQQ Wallet are Shariah-compliant, aligning with Islamic principles and ethics. This feature appeals to Muslim users and ESG-driven investors who prioritize ethical investing practices. Moreover, it enhances the security of the HAQQ Network by mitigating common front-end attacks.

Technical Architecture of the Shariah Oracle

The Shariah Oracle follows a series of steps for both community and Shariah Board approval. The process involves proposal submission, voting, whitelisting or SBT issuance, Shariah board approval, and the possibility of revoking approval if projects deviate from prescribed guidelines.

Future Developments

The Shariah Oracle plans to introduce authorized Shariah auditors in the future to streamline the compliance process and promote decentralization. These auditors will help maintain a robust, inclusive, and regulated ecosystem. The Shariah Oracle is set to go live in Q3 2023.

Conclusion

The Shariah Oracle represents a remarkable fusion of blockchain technology, Islamic principles, and ethical investing standards. By ensuring only Shariah-compliant dApps are accessible via the HAQQ Wallet, it introduces ethical compliance to the digital finance ecosystem. Its two-tier approval system strengthens the network's security while upholding decentralization—a fundamental characteristic of blockchain systems.

Looking forward, the implementation of authorized Shariah auditors will further enhance the compliance process, fostering a more equitable and sustainable financial future. The upcoming launch of the Shariah Oracle in Q3 2023 marks a significant milestone at the intersection of modern finance and faith-based ethics, paving the way for a promising financial landscape.

#IslamicCoin #HAQQnetwork #crypto2023 #DeFi #IslamicFinance

#IslamicCoin and #HAQQnetwork are delighted to unveil a groundbreaking element of the HAQQ universe: the HAQQ Wallet.

Drawing from the formidable infrastructure of HAQQ, the HAQQ Wallet acts as your portal to the realm of Islamic Decentralized Finance (DeFi). By fusing tradition and technology, the HAQQ Wallet offers a compelling solution for individuals eager to engage with financial instruments in accordance with the principles of Islamic finance.

In our quest to preserve the ethical foundations of Islamic finance in this digital era, the HAQQ Wallet ensures Shariah compliance via a secure, user-friendly interface. This article will explore its unique features, such as the streamlined operation and the Shariah Oracle, both meticulously designed to ensure secure, accessible, and Shariah-compliant transactions within Islamic DeFi.

Why Did We Develop the HAQQ Wallet?

As we immersed ourselves in the mission of ensuring Shariah-compliant interactions with HAQQ, it became clear that existing on-chain wallet solutions neither addressed the needs of ethical investors nor met the standards of Shariah compliance. Our challenge was to create a Shariah-compliant wallet while avoiding the conversion of our permissionless network into a permissioned one, which could potentially hamper our ecosystem's growth. This balance is essential given the inherent permissionless nature of a blockchain network.

Our solution came in the form of the Shariah Oracle. This on-chain registry of approved smart contracts, featuring two levels of approval - community and Shariah approval, offered the balance we were seeking. It ensured Shariah compliance in our Islamic DeFi platform without infringing on the permissionless nature of our network. The creation of the Shariah Oracle illuminated the need for a unique wallet, resulting in the development of the HAQQ Wallet.

Unpacking the HAQQ Wallet Design & Features

Traditional crypto wallets primarily catered to a limited audience - the crypto-savvy. However, the HAQQ Wallet, with its goal of an inclusive Islamic DeFi landscape, extends its reach to serve the 1.9 billion Muslims worldwide. We engineered the HAQQ Wallet to be intuitive for all users, from beginners to experienced crypto traders.

Mnemonic handling, a common feature in crypto wallets, often poses a daunting task for users. Yet, the HAQQ Wallet introduces a revolutionary change by simplifying this process with a user-friendly login setup. Users can easily link their existing social provider accounts, and a subsequent layer of security is added by requiring a pin code, thus achieving a balance between user convenience and account security.

The innovative approach of HAQQ Wallet also addresses account security strategy, embodying the ethos of decentralization inherent in our Islamic DeFi community. By leveraging modern cryptographic principles like secret sharing, HAQQ Wallet ensures that control of private keys remains with the user, reinforcing user ownership and upholding the principles of decentralization ingrained in cryptocurrencies.

We've also incorporated a robust mechanism to restore account access, ensuring users' asset security remains uncompromised. Even in challenging scenarios, users can regain access to their accounts. This comprehensive approach to security provides peace of mind to our users as they navigate the volatile crypto markets.

HAQQ Wallet Security & the Shariah Oracle

Understanding the need for bolstered security, the HAQQ Wallet plans to integrate with Ledger devices. This partnership will offer HAQQ Wallet users an additional layer of protection through hardware-based key management and secure transactions. While the official partnership is yet to be announced, the HAQQ Wallet is in the process of incorporating the Keystone Wallet into our system, aiming to further enhance the wallet's security features.

Central to the HAQQ Wallet is the Shariah Oracle. Its integration within the HAQQ Wallet creates a robust line of defense against potential malicious activities as it serves as an on-chain registry of approved smart contracts. Leveraging the power of community and Shariah approval levels, it ensures that user interactions align with their desired level of compliance within the Islamic DeFi framework.

Looking at governance, the dApp approval process consists of two levels: Community and Shariah approval. Any community member can propose community-level approval for their smart contract. Following a proposal through the default governance system on the Cosmos level, the community votes. If the majority approves, the smart contract receives community-level approval. This shields users from potential malicious transactions, aligning them with ethical finance requirements.

HAQQ Wallet allows users to select their preferred level of approval, either community or Shariah. This feature aligns user transactions with their specific compliance requirements, empowering them to make informed decisions and evaluate the compliance level of their transactions.

In the near future, HAQQ Wallet plans to establish a marketplace within its ecosystem. Smart contracts that have obtained community and/or Shariah approval can list their services in this marketplace, creating a hub of Shariah-compliant and trusted offerings within our Islamic DeFi platform. Users can explore these listings with confidence, knowing they adhere to the Shariah compliance standards set by the HAQQ.

Conclusion

The HAQQ Wallet blends the principles of Islamic finance with the innovations of DeFi, addressing a significant need within the global Muslim community. With its user-friendly interface, distinctive features like the Shariah Oracle, and robust security mechanisms, it is set to make Islamic DeFi accessible and ethically compliant for everyone, regardless of their crypto expertise.

As we prepare for partnerships with Ledger and Keystone Wallet and with the integration of an upcoming marketplace of Shariah-compliant offerings, the HAQQ Wallet is more than just a wallet—it's an evolving ecosystem fostering user engagement in the Islamic #DeFi space. Create a HAQQ Wallet today and join us on our journey to bring Islamic Finance to the world.

#BTC #Ethereum

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