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Islamic Coin

Islamic Coin

HAQQ is an ethics-first, Shariah-compliant blockchain network designed for the global Islamic finance sector and the Muslim community. Its native token is Islamic Coin (ISLM), a cryptocurrency that allows users to engage with a Halal, Sharia-compliant Web3 ecosystem. The platform offers a range of financial products and services, including a digital wallet, DeFi solutions, P2P lending, and tokenized assets, all adhering to Islamic principles.
Dubai, UAE

Description

Islamic Coin (ISLM) is a Halal-certified digital currency operating on the HAQQ Network, a scalable, high-throughput Proof-of-Stake blockchain that is fully compatible and interoperable with Ethereum, built using the Cosmos SDK. The ecosystem is designed to serve the $4 trillion Islamic finance market, including governments, institutions, and the global Muslim community. A key feature is the Shariah Oracle, a multi-level scoring system that ensures applications in its marketplace adhere to Islamic ethical standards. A unique aspect of ISLM is that 10% of each issuance is dedicated to a community-governed Evergreen DAO for funding philanthropic projects. The HAQQ ecosystem includes a suite of products: the HAQQ Wallet, a debit card, BarakaFi (P2P lending), Firoza Finance (private credit), Haqqex (a digital asset exchange), Fairshare (a donation platform), and Deenar Gold (a gold-backed digital asset). The HAQQ Ecosystem Fund also provides grants and investments to foster the network's growth.