Islamic Coin ($ISLM): Pioneering Ethical Finance on the HAQQ Blockchain ๐๐
๐ What is Islamic Coin?
Islamic Coin is the native currency of the HAQQ blockchain,designed to power a Sharia-compliant financial ecosystem. It aligns with the values of Islam and the teachings of the Quran, promoting ethical finance and philanthropy.
๐๏ธ Use Cases:
- Settlement of payments
- Participation in community governance
- Covering transaction fees on HAQQ
- Generating passive income through staking
- Supporting decentralized versions of Sukuk (Islamic bonds) and other traditional Islamic finance instruments.
๐ผ Community-First Approach:
10% of each $ISLM issuance is automatically directed to the Evergreen DAO, facilitating Muslim charity donations and investments in Islam-related ventures.
๐ค Endorsement and Compliance:
In June 2022,Islamic Coin received a Fatwa from a committee of leading Muslim authorities, certifying its alignment with Islamic Finance principles.
๐ HAQQ Blockchain:
The HAQQ blockchain, based on Proof-of-Stake (PoS), serves as the backbone of Islamic Coin's ecosystem. It's compatible with Cosmos-based networks and Ethereum.
๐ Shariah Compliance:
An on-chain registry of halal certificates ensures compliance with Islamic values. Smart contracts and dApps must be certified as halal to interact through the HAQQ Wallet.
๐ Future Plans:
Islamic Coin's roadmap includes the expansion of its ecosystem, an $ISLM-backed Mastercard, crypto-fiat processing services and a gold-pegged stablecoin developed in collaboration with UAE banks. Additionally, HAQQPad and HAQQLabs aim to support ethical projects and developers.
๐ค Building Partnerships:
Islamic Coin has secured significant partnerships with Holiday Swap, DDCAP Group, and 25 other ecosystem partners, further strengthening its presence in the crypto.
For more information visit https://islamiccoin.net
