Islamic Coin serves as the native currency of the HAQQ blockchain, and powers the project’s Sharia-compliant financial ecosystem. It promotes ethical finance, and philanthropy, aiming to give the global Muslim population a financial tool for the digital age. Of each $ISLM issuance, 10% is automatically deposited into the Evergreen DAO to empower the community through Muslim charity donations and investments in Islam-related ventures.Holders can use $ISLM to settle payments, participate in community governance, cover transaction fees on HAQQ, and generate passive income via staking. $ISLM is also Sharia-compliant, meaning that it aligns with the values of Islam and the teachings of the Quran. While it prohibits Riba, Islamic Coin’s ecosystem will include decentralized versions of Sukuk, the Islamic equivalent of bonds, as well as other traditional Islamic finance instruments.Islamic Coin meets all the criteria of a halal asset, and gained a Fatwa in June 2022 from a committee of leading Muslim authorities and scholars with extensive experience in Islamic Finance.“Sharia principles revolve around the community, so Sharia finance is a community-first system,” said Islamic Coin Co-Founder Mohammed Al Kaff Al Hashmi. “In Sharia finance, the charging of interest is eliminated, and this is designed to protect the community. It simply does not make sense to burden individuals who are already in a financially vulnerable position and seeking assistance with interest charges.”#ISLM #IslamicCoin #TOP #cryptocurrency

Introduction

The countdown has begun for the highly-anticipated release of Islamic Coin (ISLM), the world's first Sharia-compliant cryptocurrency. As the date of September 1, 2023, draws near, crypto enthusiasts and the global Muslim community are eagerly awaiting the big reveal of which exchange platforms will list ISLM. Among the speculated contenders are Binance, KuCoin, and Huobi, each with its own unique advantages. Let's delve into the possibilities and what each exchange could bring to the table.

Binance: The Global Giant

Binance is a behemoth in the cryptocurrency world, known for its extensive selection of coins, robust security, and user-friendly interface. With a massive user base spanning across the globe, Binance has solidified its position as one of the top cryptocurrency exchanges.

Listing Islamic Coin on Binance could offer ISLM unparalleled exposure to a vast audience of crypto enthusiasts and traders. Binance's reputation for supporting innovative projects could provide ISLM with the perfect platform to showcase its unique selling point as a Sharia-compliant digital currency. The exchange's liquidity and trading volume would also ensure smoother transactions for ISLM, facilitating its widespread adoption.

KuCoin: The Fast-Growing Exchange

KuCoin is another prominent exchange known for its rapid growth and focus on offering a wide range of cryptocurrencies. While not as massive as Binance, KuCoin has garnered a strong following among traders seeking alternative digital assets.

Listing on KuCoin could be advantageous for Islamic Coin, especially considering its focus on catering to a diverse crypto community. KuCoin's user-friendly interface and commitment to listing innovative projects align well with ISLM's vision of reaching out to Muslims worldwide. Additionally, KuCoin's presence in multiple markets could help ISLM gain recognition in regions where other exchanges might have limited reach.

Huobi: The Global Presence

Huobi is a major player in the crypto space, known for its global presence and dedication to offering a wide variety of digital assets. As one of the oldest cryptocurrency exchanges, Huobi boasts a solid reputation and a strong user base.

For Islamic Coin, listing on Huobi could be an excellent strategic move to gain traction in the MENA region and beyond. Huobi's experience in serving diverse markets could help ISLM tap into a broader audience, especially in regions with a significant Muslim population. Huobi's commitment to compliance and security could also align well with ISLM's Sharia-compliant values, offering users peace of mind in their transactions.

Local Exchange Listing

Local exchanges in the MENA region may also play a crucial role in listing ISLM. Platforms with a focus on Sharia-compliant financial products and services are likely to be interested in hosting Islamic Coin to cater to their target audience effectively.

The Impact of Exchange Listing

The listing of Islamic Coin on major exchanges is expected to have several significant impacts:

Increased Accessibility: Listing on reputable exchanges will make it easier for investors worldwide to access and trade ISLM, bolstering its market presence.

Enhanced Liquidity: A listing on prominent exchanges will promote liquidity for ISLM, allowing for smoother trading and price stability.

Wider Adoption: By appearing on major platforms, ISLM gains exposure to a broader audience, potentially attracting new investors and users.

Price Potential: A successful exchange listing can create positive sentiment, leading to a potential surge in ISLM's value.

The Big Reveal: What Lies Ahead?

As the clock ticks towards September 1, 2023, the exchange listing for Islamic Coin remains shrouded in secrecy. While Binance, KuCoin, and Huobi have emerged as potential candidates, the official announcement is yet to be made.

Regardless of the exchange chosen, the listing of Islamic Coin on any of these platforms would undoubtedly mark a significant milestone in its journey towards widespread recognition and adoption. The chosen exchange will play a crucial role in shaping ISLM's future trajectory, impacting its accessibility, liquidity, and potential price movement.

Closing thoughts

The excitement is building as the crypto community eagerly anticipates the exchange listing of Islamic Coin (ISLM) on September 1, 2023. While Binance, KuCoin, and Huobi have emerged as potential contenders, the actual choice remains a well-guarded secret for now.

Regardless of the outcome, the listing of Islamic Coin on any of these reputable exchanges would open new doors for its global recognition and adoption among the Muslim community and beyond. As the day approaches, crypto enthusiasts and investors around the world eagerly await the big reveal, which could pave the way for ISLM to make a lasting impact in the crypto landscape.

Disclaimer

The information provided in this article is for general informational purposes only and should not be considered as financial advice. Readers are encouraged to conduct their own research and seek professional advice before making any financial decisions or investments. The authors and publishers are not liable for any losses or damages incurred based on the information in this article. Cryptocurrency investments carry inherent risks, and readers should be aware of the potential volatility. Always comply with relevant laws and regulations in your jurisdiction.

#ISLM #crypto2023

Introduction

Cryptocurrency adoption in the Middle East and North Africa (MENA) region has witnessed unprecedented growth in recent years. With a favorable economic climate and a tech-savvy population, MENA countries have emerged as key players in the global crypto market. This article delves into the factors fueling MENA's success in cryptocurrency adoption, highlights leading countries within the region, and examines the driving forces behind the industry's expansion.

The Rise of Cryptocurrency in MENA

Between 2021 and 2022, MENA experienced a staggering 48% increase in crypto transactions, securing a notable 9.2% share of global cryptocurrency transactions (according to Chainalysis). The region's growing affinity for decentralized finance (DeFi) and blockchain technology has played a pivotal role in driving this remarkable adoption. Unlike other areas, MENA countries impose less regulatory scrutiny, fostering an environment conducive to embracing a decentralized digital economy.

Factors Propelling MENA's Crypto Adoption

Three key factors contribute to MENA's leading position in cryptocurrency adoption. Firstly, with nearly 55% of the population below the age of 30, the region boasts a tech-savvy demographic eager to embrace financial innovations like cryptocurrencies. Secondly, MENA's ongoing social and economic revolution, characterized by inequitable income distribution and high youth unemployment rates, has prompted the population to seek alternative financial instruments. Finally, there is a growing awareness and exploration of blockchain and decentralized technologies, as businesses and governments strive to gain a competitive edge and bolster their economic positions.

Leading MENA Countries in the Crypto Market

Chainalysis' 2022 Global Crypto Adoption Index highlights three MENA countries among the top 30 regions by adoption rate. Turkey secures the 12th position, witnessing a continuous surge in crypto adoption. Morocco, on the other hand, is drafting a crypto law under the supervision of its central bank, Bank Al-Maghrib, to safeguard individuals from trading risks and further encourage adoption. Additionally, Dubai has emerged as a crypto hub, attracting both startups and industry giants to capitalize on its favorable tax policies and regulations. Local projects like Islamic Coin are at the forefront, leveraging technology to bring inclusive, Shariah-compliant financial tools to the Muslim population.

Driving Forces behind the Industry's Growth

Projections indicate that the global crypto market will experience a compound annual growth rate (CAGR) of 11.9% over the next seven years, reaching a value of $12.1 billion by 2030. MENA's prominence in the market will contribute significantly to this growth. Gulf countries, particularly the UAE, have shown great interest in welcoming crypto and blockchain entrepreneurs by offering zero taxation on cryptocurrency profits. As a result, the region has witnessed a surge in new crypto, blockchain, and digital asset startups. The DMCC free trade zone in the UAE further entices businesses to relocate and invest in digital asset technologies like blockchain, which is expected to drive the region's overall IT spending by at least 3% in 2023.

Closing Thought

As MENA countries embrace the concept of a fully digital and decentralized economy, the region will continue to serve as a leading market for the digital assets industry. MENA's tech-savvy population, supportive regulatory environment, and increasing interest from investors and businesses will fuel further growth in cryptocurrency adoption throughout 2023 and beyond. As the region evolves into a thriving crypto hub, the potential for innovative blockchain-based solutions and the creation of Shariah-compliant financial instruments, such as Islamic Coin, will contribute to a prosperous future for the entire region.

#MENA #ISLM #cryptocurrency #crypto2023

Dear Islamic Coin Community,🤩
In the vibrant and dynamic world of cryptocurrency, it's essential to not only stand out but also to stand for something meaningful. At Islamic Coin, our values, commitment, and dedication to transparency are the pillars that uphold our journey toward success.
Transparency is our cornerstone.
We understand that trust is paramount in the crypto space. That's why we are committed to being as transparent as possible. From our team members to our technology, we believe in open communication and providing our community with a clear understanding of who we are and what we aim to achieve.
Community-Centric Approach:
Islamic Coin is more than just a cryptocurrency; it's a community-driven project. We value the opinions and concerns of our community members. Your feedback fuels our growth, and we are dedicated to fostering a collaborative environment where everyone has a voice.
Commitment to Compliance:
Our commitment to compliance with Islamic law (Sharia) is at the core of our project. We recognize the importance of providing a cryptocurrency that aligns with the values and principles of the Islamic community. This commitment guides our decision-making and ensures that we stay true to our mission.
Ongoing Improvements:
We acknowledge that there is always room for improvement. From our website to our code, we are continuously working to enhance every aspect of Islamic Coin. Our recent website upgrades are just one example of our dedication to providing a better experience for our users. https://islamiccoin.net
Worth visiting: Resourceful web site: https://haqq.network
Security First:
The security of our platform and the trust of our users are paramount. While accusations may arise, we want to assure our community that we are actively engaged in securing partnerships with reputable audit firms. This initiative aims to fortify the integrity of our code and provide an extra layer of confidence for our users.
Future Endeavors and Glory:
Islamic Coin is on a journey toward glory, and we want our community to be part of every step. As we continue to work towards major exchange listings, we appreciate the patience and support of our community. Together, we will reach new heights and make Islamic Coin a name to remember in the crypto space.
In conclusion, Islamic Coin is not just a cryptocurrency; it's a commitment to values, transparency, and community collaboration. We appreciate the continued support from our community and look forward to achieving greatness together.
Thank you for being part of the Islamic Coin family.
#ISLM #BinanceSquare #BTC #etf #ETH $ISLM $BTC $ETH

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.