🌙 The Shariah-Compliant Revolution: Islamic Coin's Journey to Redefine Digital Money 🪙
In a world where the financial landscape is constantly evolving, Islamic Coin (ISLM) stands as a shining example of innovation rooted in tradition. As the world's second-largest religion, Islam has a significant influence on the global financial system. Islamic Coin designed on Haqq Blockchain, is here to redefine digital money while staying true to Shariah principles.
One of the fundamental principles of Islamic finance is the prohibition of paying or charging interest. Islamic Coin strictly adheres to this principle, providing a financial instrument that aligns with the values of the Muslim community.
Similar to gold and silver, Islamic Coin is deflationary in nature. It cannot be arbitrarily devalued and there are no interest rates within the system. Its price is solely determined by the market, ensuring fairness in financial transactions.
Islamic Coin can only be minted by those who contribute work and investment to the network, such as validators and stakers. This community-driven approach empowers users to actively participate in the creation of Islamic Coin.
A unique feature of Islamic Coin is the Evergreen DAO, a non-profit foundation dedicated to long-term sustainability and community impact. 10% of each newly minted ISLM is deposited into this DAO, which is then used to support Islamic internet projects and charities.
Islamic Coin's mission is clear: to empower the global Muslim community with a robust and future-proof financial instrument. It not only enables independent financial interactions but also supports innovation and philanthropy within the community.
Islamic Coin represents a new era in digital money, blending tradition with innovation to create a truly Shariah-compliant cryptocurrency. Stay tuned for updates on Islamic Coin and its journey to redefine digital money for the Muslim community and beyond.
