In the rapidly evolving landscape of cryptocurrencies,one project stands out for its unique blend of innovation and adherence to ethical principles – IslamicCoin (ISLM). This Shariah-compliant cryptocurrency operates on the Haqq Blockchain,an ethics-first L1 blockchain aiming to revolutionize sustainable finance. Here's a closer look at how IslamicCoin is forging a path that bridges the gap between the digital age and Shariah compliance.
The Haqq Blockchain Advantage: Ethics-First Approach
Haqq Blockchain sets itself apart by prioritizing sustainability,bringing together developers, validators,open-source contributors and Muslim innovators in sustainable finance. Operating as an EVM-equivalent chain built on the Cosmos SDK,Haqq Blockchain seamlessly deploys smart contracts from other EVM chains,promoting interoperability and efficiency.
Shariah-Compliant Philosophy: A Core Tenet of IslamicCoin (ISLM)
One of the fundamental principles of Islamic financial law is the prohibition of paying or charging interest. IslamicCoin embraces this philosophy,offering a financial instrument for the digital age that aligns with Shariah principles. The project has garnered support from renowned Shariah scholars,including Sheikh Dr. Nizam Mohammed Saleh Yaquby,recognized as 'The Gatekeeper' of a $1 trillion market for Islamic financial products.
Evergreen DAO: Fueling Charitable Giving with Blockchain Technology
IslamicCoin goes beyond transactions by incorporating a unique feature – the Evergreen DAO. This non-profit endowment automatically receives 10% of each ISLM issuance, dedicating capital to solving real-world problems. The Evergreen DAO is governed by both the community and the Shariah board, ensuring transparency and alignment with Islamic values.
Global Recognition and Traction
IslamicCoin has gained significant traction, boasting a social media following of over 1 million users, endorsement from ruling families in the MENA region and recognition as the Most Promising ESG Crypto Project at the Middle East Blockchain Awards. Additionally, the project has secured pre-approval from the Indonesian Fatwa, making it one of the first crypto assets declared Shariah-compliant in the country with the world's largest Muslim population.
The Future Potential: Empowering the Muslim Community
With a vision to empower the world's Muslim community, IslamicCoin has positioned itself as a financial instrument that enables seamless transactions and interactions while supporting innovation and philanthropy. The project's potential lies in leveraging the global influence of the Muslim world and if even a small percentage of the Muslim online community holds ISLM, it could generate substantial value for holders and contribute significantly to charitable causes through the Evergreen DAO.
In conclusion, IslamicCoin's commitment to Shariah compliance, sustainability and innovation on the Haqq Blockchain makes it a noteworthy player in the cryptocurrency space. As the world looks towards more ethical and inclusive financial solutions, IslamicCoin's journey represents a compelling narrative of bridging the gap between traditional values and the transformative power of blockchain technology.
If you want to learn more about HAQQ Network and Islamic Coin visit https://islamiccoin.net