Hello dear readers!
In the bustling landscape of the Middle East and North Africa (MENA), a quiet revolution is taking place in the realm of digital finance. At the heart of this financial evolution is Islamic Coin ($ISLM), an innovative cryptocurrency paving the way for ethics-focused finance in the region.
The Middle East and Africa have emerged as significant players in the global cryptocurrency market, contributing a substantial $389.8 billion on-chain between July 2022 and June 2023, accounting for 7.2% of the global transaction volume. Notably, Turkey, Morocco, and Iran lead the pack in crypto adoption, showcasing the region's growing enthusiasm for blockchain technologies.
Venture capital deals related to blockchain in the United Arab Emirates experienced a staggering 50% growth in 2022, reflecting the region's commitment to embracing the digital future. The favorable regulatory environment and strategic partnerships, such as the collaboration between the Abu Dhabi National Oil Company and IBM, underscore the region's dedication to technological innovation.
Amid this digital renaissance, the MENA region faces the challenge of reconciling blockchain innovations with Islamic principles. Islamic Coin addresses this challenge head-on, serving as the internal currency for the HAQQ blockchain—a Shariah-compliant financial ecosystem.
Mohammed Al Kaff Al Hashmi, co-founder of Islamic Coin, emphasizes the community-centric nature of Shariah finance. "In Shariah financing, charging interest is eliminated to protect the community. It just doesn't make sense to burden people who are already in a financially vulnerable position and are seeking help with interest charges," he explains.
Islamic Coin is more than just a cryptocurrency; it is a commitment to ethical finance and philanthropy. Ten percent of every $ISLM issued automatically goes to the Evergreen DAO, empowering the community through charitable donations and investments in Islamic-related businesses. #ISLM
The HAQQ Level 1 blockchain, the backbone of Islamic Coin's financial ecosystem, operates on the Proof-of-Stake consensus mechanism. This blockchain, compatible with Cosmos or Ethereum-based networks, has attracted over 2.5 million user accounts, emphasizing its widespread adoption. #Ethereum
The innovative #HAQQWallet , with over 500,000 downloads and a stellar 4.6 rating on Google Play, offers users a seamless experience to manage their $ISLM assets and engage with HAQQ projects. The wallet's availability on various platforms ensures accessibility for users across different devices.
To safeguard user security and comply with Islamic values, Islamic Coin introduces the Shariah oracle—an online registry of halal certificates shared with users. #blockchain
As the MENA region continues to solidify its position in the blockchain industry, Islamic Coin stands out as a beacon of ethical finance, blAs the MENA region continues to solidify its position in the blockchain industry, Islamic Coin stands out as a beacon of ethical finance, blending cutting-edge technology with the timeless principles of Islam. With a commitment to community welfare and Shariah compliance, #IslamicCoin is not just a cryptocurrency; it's a testament to the region's potential to lead in the global financial revolution.ending cutting-edge technology with the timeless principles of Islam.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers should conduct their own research and consult with financial professionals before making investment decisions.