Islamic Coin (ISLM)
Islamic coin is a digital currency designed to cater to the financial needs of the global Muslim community. It is an integral part of the HAQQ blockchain, which emphasizes ethical finance in accordance with Islamic principles. Islamic coin aims to provide a digital financial solution that aligns with the values and beliefs of over 1.8 billion Muslims worldwide, promoting an inclusive financial ecosystem.
The mission and vision of Islamic coin
Islamic coin is driven by a mission to integrate a significant portion of the global Muslim population into the digital financial landscape. The vision is to achieve this integration without compromising Islamic values and faith. By leveraging blockchain technology, Islamic coin seeks to offer a financial system that is not only efficient and secure but also ethically sound and inclusive.
| Ticker | ISLM |
| Category | Smart Contract Platform |
| Website | https://islamiccoin.net/ |
| @Islamic_Coin | |
| Telegram | islamiccoin_int |
The HAQQ blockchain
Overview of HAQQ
HAQQ is the blockchain platform that powers Islamic coin. It is built on a foundation of ethical finance, designed to be scalable and interoperable. HAQQ ensures that transactions are conducted in a manner that aligns with Islamic principles, providing a trustworthy platform for users who prioritize ethical considerations in their financial dealings.
Proof-of-Stake and fast finality
The HAQQ blockchain employs a Proof-of-Stake (PoS) consensus mechanism, which is known for its energy efficiency and security. This method allows stakeholders to validate transactions and secure the network, promoting decentralization and community participation. Additionally, HAQQ offers fast finality, ensuring that transactions are confirmed quickly and efficiently, enhancing the user experience.
Ethical finance and Islamic principles
Alignment with Islamic values
Islamic coin is developed with a strong commitment to Islamic values, ensuring that financial activities do not involve elements that are prohibited under Sharia law, such as excessive uncertainty (gharar) and interest (riba). By adhering to these principles, Islamic coin provides a financial alternative that is both modern and compliant with religious beliefs.
Inclusivity and financial access
One of the core objectives of Islamic coin is to enhance financial inclusion within the Muslim community. By providing a digital currency that aligns with Islamic principles, it offers a viable financial tool for individuals who might otherwise be excluded from traditional financial systems due to religious considerations. This inclusivity extends beyond borders, offering global access to secure and ethical financial services.
Technological innovation
Interoperability and scalability
HAQQ and Islamic coin are designed to be highly interoperable, allowing seamless integration with other blockchain networks and financial systems. This interoperability ensures that users can engage in a wide range of financial activities without being confined to a single platform. Additionally, the scalability of HAQQ ensures that it can handle a growing number of transactions and users, supporting the widespread adoption of Islamic coin.
Security and transparency
Security is a paramount consideration for Islamic coin and the HAQQ blockchain. The use of advanced cryptographic techniques and a robust PoS consensus mechanism ensures that the network is secure from malicious attacks. Transparency is also a key feature, with all transactions recorded on the blockchain, providing an immutable and verifiable ledger that enhances trust among users.