- Haqq, a Sharia-compliant Islamic coin, is scheduled for public launch in 2023.
- The 100% halal coin helped enhance the usage of cryptocurrencies in Muslim nations.
- Haqq founder Mohammed Alkaff Alhashmi says, “The coin has the potential to turn into a Tier 1 asset.”
Islamic Coin ($ISLM), the native coin of the Haqq ecosystem, is scheduled for public launch in 2023. Haqq is reportedly the world’s first ecosystem that adheres to Islamic rules and traditions. This specific coin goals to offer a monetary platform to the worldwide Muslim inhabitants and is a 100% halal cryptocurrency.
Based on the group, the Islamic coin is poised to assist alleviate Muslim doubts about digital belongings because it adheres to Islamic customs. To advertise the usage of cryptocurrencies within the area and promote Islamic finance in 185 nations, Islamic Coin has acquired Fatwa accreditation and permission from a number of Muslim authorities.
The group says its mission is to offer the worldwide Muslim inhabitants with a monetary platform that allows real-time, clear and cross-border transactions whereas supporting Web3 innovation and philanthropy. To this finish, the community will donate 10% of every Islamic coin subject to philanthropic pursuits throughout the Muslim world.
Haqq Affiliation, an ecosystem non-profit group, has partnered with the Worldwide Islamic College of Malaysia (IIUM) to lift consciousness of blockchain and cryptocurrencies by making a optimistic studying setting. Haqq and Islamic Coin lately partnered with DDCap Group to develop Web3’s Sharia-compliant different to SWIFT and different merchandise.
Haqq can also be getting into into a number of industrial partnerships with retail and e-commerce platforms to convey Shariah-compliant Web3 applied sciences to conventional Web2 environments. Most lately, it partnered with the world’s largest residence alternate platform, Vacation Swap, to maneuver the corporate’s token operations to Web3.
Stating that the coin might turn into a Tier 1 asset, Haqq founder Mohammed Alkaff Alhashmi says:
If solely 3-4% of the web Muslim neighborhood owns the coin, it could actually turn into a Bitcoin-scale asset.
Given final yr’s bear market, the Islamic coin in 2022 August. achieved document earnings and earned greater than 200 million. final yr.
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