Islamic Coin: Revolutionizing finance with blockchain for the global Muslim community

Islamic Coin, the native currency of HAQQ Network, marks a significant leap in financial technology
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Posted by Advertorial April 15, 2024 3 Mins Read
Islamic Coin, the native currency of HAQQ Network, marks a significant leap in financial technology

March 29 – Islamic Coin, the native currency of HAQQ Network, marks a significant leap in financial technology. This move brings the innovative HAQQ Network's native currency into the spotlight on one of the most forward-thinking and dynamic cryptocurrency exchanges globally. LBank, known for its strategic vision in embracing the future of finance, now extends its reach to over 2 billion Muslims around the world, offering them a unique blend of financial inclusion and Shariah-compliant DeFi opportunities. This partnership symbolizes more than just technological advancement; it's a commitment to ethical finance and opening new doors for a vast audience keen on aligning their financial activities with their faith.

Bridging traditional Islamic finance and modern technology

Islamic Coin is more than just a digital currency; it's the cornerstone of an ethics-first Proof-of-Stake blockchain network - HAQQ. This revolutionary platform is dedicated to integrating the vast Muslim population into the digital finance realm, respecting their values and faith. Islamic Coin stands at the forefront of this integration, seamlessly bridging the gap between traditional Islamic financial principles and cutting-edge blockchain technology, also to promote inclusivity of financial services among the unbanked Muslim population.

Future-proofing ethical finance

In a world where the ethical dimensions of finance are increasingly scrutinized, Islamic Coin leads the charge in future-proofing the ethical DeFi sector. Through blockchain, it offers a transparent, efficient, and Shariah-compliant financial ecosystem. This initiative not only caters to the Muslim community but also appeals to anyone interested in ethical finance.

Strategic partnerships: Expanding horizons

Islamic Coin's journey has been marked by significant partnerships, enhancing its reach and utility:

  • HAQQ x GoMeat: This collaboration enhances the distribution of halal meat in the USA, integrating blockchain for better accessibility and variety.
  • Islamic Coin x DDCAP: A partnership that showcases the versatility of Islamic Coin in diverse sectors.
  • HAQQ x Axelar: Focusing on cross-chain transfers, this alliance broadens the scope of Islamic Coin's usability across different blockchain networks.

Milestones: A year of achievements

Over the past 12 months, Islamic Coin has achieved remarkable milestones:

  1. Successful public token sale on Republic.
  2. Strategic partnerships with key players like Axelar and Sushi.
  3. Investment in over 10 startups through a $40 million Ecosystem Fund.
  4. Initiating HaqqPad to accelerate startup growth.
  5. Transitioning the network from Proof of Authority to Proof of Stake.
  6. Implementing mnemonic-less private key management with the Haqq Wallet.

The road ahead: Plans for the next 12 months

The future for HAQQ and Islamic Coin is filled with ambitious plans:

  1. Launching Islamic Coin on major crypto exchanges and integrating it into the payment systems of not only the MENA region but also Nigeria, Indonesia, and Turkey.
  2. Introducing innovative features like the Shariah Oracle and NFT support.
  3. Launching DeFi Sukuks and Islamic Coin bond, bringing RWA on-chain.

Conclusion: Embracing a financially inclusive future

As Islamic Coin launches on LBank, it's not just a milestone for HAQQ Network but a beacon of hope for financial inclusivity and ethical finance. With its unique approach to blending shariah principles with modern technology, Islamic Coin is not just a cryptocurrency; it's a movement towards a more equitable and inclusive financial future.

Learn more about ISLM Token:

Official Website: https://islamiccoin.net/

Explorer: https://explorer.haqq.network/

Youtube: https://www.youtube.com/channel/UCTjvOCTDeO9H67y_6btF1NA

Discord: https://discord.com/invite/islamiccoin

Facebook: https://www.facebook.com/groups/islamiccoin

Github: https://github.com/haqq-network

Medium: https://medium.com/islamic-coin

Telegram: https://t.me/islamiccoin_int

Twitter: https://twitter.com/Islamic_coin

LinkedIn: https://www.linkedin.com/company/islamiccoin

About ISLM (IslamicCoin)

Islamic Coin (ISLM) is the native currency of HAQQ, an ethics-first L1 blockchain that brings together sustainability-centered developers, validators, open-source contributors, and Muslim innovators in sustainable finance. With 10% of each issuance of ISLM automatically dedicated to the Evergreen DAO, a non-profit endowment, ISLM is bringing lasting impact and value to the Muslim community.

Media contact

For media and other collaborations: [email protected]

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