- Haqq, a Sharia-compliant Islamic coin, is scheduled for public launch in 2023.
- The 100% halal coin helped increase using cryptocurrencies in Muslim nations.
- Haqq founder Mohammed Alkaff Alhashmi says, βThe coin has the potential to develop into a Tier 1 asset.β
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 ideas and traditions. This specific coin goals to offer a monetary platform to the worldwide Muslim inhabitants and is a 100% halal cryptocurrency.
In accordance with the crew, the Islamic coin is poised to assist alleviate Muslim doubts about digital belongings because it adheres to Islamic customs. To advertise using cryptocurrencies within the area and promote Islamic finance in 185 nations, Islamic Coin has obtained 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 challenge 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 boost consciousness of blockchain and cryptocurrencies by making a constructive studying surroundings. Haqq and Islamic Coin not too long ago partnered with DDCap Group to develop Web3’s Sharia-compliant various to SWIFT and different merchandise.
Haqq can also be getting into into a number of business partnerships with retail and e-commerce platforms to deliver Shariah-compliant Web3 applied sciences to conventional Web2 environments. Most not too long ago, it partnered with the world’s largest residence change platform, Vacation Swap, to maneuver the corporate’s token operations to Web3.
Stating that the coin might develop into a Tier 1 asset, Haqq founder Mohammed Alkaff Alhashmi says:
If solely 3-4% of the web Muslim group owns the coin, it may well develop into a Bitcoin-scale asset.
Given final 12 months’s bear market, the Islamic coin in 2022 August. achieved document earnings and earned greater than 200 million. final 12 months.
