Islamic Coin Begins Listing on Top Exchanges
Following its successful public token offering on Republic Crypto, Islamic Coin is now moving on to the next phase of listing on top exchanges, both centralized and decentralized. This milestone marks a significant advancement for Islamic Coin (ISLM) and its community, as it gains exposure to an 80 million user base, contributing to the acceptance of this Sharia-compliant cryptocurrency.
What is Islamic Coin and How is it Used?
Islamic Coin is the native currency of HAQQ, a PoS blockchain built using Cosmos SDK module that facilitates a Sharia-compliant financial ecosystem. It serves as a digital currency for payments, governance, transaction fees, and staking. However, Islamic Coin goes beyond being just a digital currency. It aims to provide a comprehensive financial ecosystem that aligns with Islamic principles and supports various use cases such as digitizing Islamic financial instruments like Sukuk (Islamic bonds) and executing Islamic investment agreements like Mudarabah and Musharakah in a Sharia-compliant manner.
Earning Halal Certification and Gaining Investor Attention
Islamic Coin has earned a Fatwa (a religious ruling) from prominent Muslim scholars, including Sheikh Dr. Nizam Mohammed Saleh Yaquby. The project also brings economic value to the community by depositing 10% of each ISLM issuance into the Evergreen DAO for investment in Islam-related ventures or donations to charities. During the private funding stage, Islamic Coin garnered over $400 million in funding from various investors.
Exploring the Islamic Coin Ecosystem
The Islamic Coin ecosystem revolves around the HAQQ blockchain, which is compatible with Ethereum and Cosmos-based blockchains. The ecosystem includes the HAQQ Wallet for managing Islamic Coin and future products on the HAQQ Blockchain, HAQQPAD as a launchpad for ethical projects and startups, the Sharia Oracle as a compliance tool, and the Evergreen DAO as a non-profit virtual foundation focused on community impact.
Paving the Road to New Age Finance
Islamic Coin aims to establish a Sharia-compliant Web3 ecosystem that not only benefits the Muslim population but also sets an example for globally inclusive and ethically responsible financial ecosystems. With ongoing partnerships and innovations, Islamic Coin holds the potential to reshape the future of finance.
Hot Take: Islamic Coin’s Commitment to Sharia Compliance
Islamic Coin’s listing on top exchanges marks a significant milestone for this Sharia-compliant cryptocurrency. By earning halal certification and gaining support from prominent Muslim scholars, Islamic Coin has demonstrated its commitment to upholding Islamic principles in the financial world. The comprehensive ecosystem built around Islamic Coin offers various financial tools and applications aligned with Sharia law, providing a platform for innovation and philanthropy within the global Muslim community. As Islamic Coin continues to expand its partnerships and utility, it has the potential to shape a new era of inclusive and ethical finance.
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