✍️✍️✍️ Do you know that?
Islamic Currency functions as the native coin of the HAQQ blockchain & propels the project's compliant financial ecosystem in accordance with Sharia law.
Its purpose is to advance principled finance & philanthropy, with the goal of providing the global Muslim population with a cutting-edge financial instrument. With every issuance of $ISLM, 10% is automatically transferred to the Evergreen DAO, empowering the community through charitable donations & investments in ventures aligned with Islam.
$ISLM holders have the ability to utilise it for settling payments, participating in community governance, covering transaction fees on HAQQ & earning passive income through staking.
Furthermore, $ISLM adheres to Sharia principles, thereby aligning with the teachings of the Quran & the Sunnah. While it strictly prohibits Riba, Islamic Coin's ecosystem will encompass decentralised versions of Sukuk, akin to bonds in Islamic finance, alongside other traditional Islamic financial instruments.