Islamic Coin : An Halal CryptoCurrency (Image Source:Islamic Coin)
IslamicCoin: An Halal CryptoCurrency based on Muslim Shariah. The currency of the Haqq ecosystem. Serves The Muslim Community. Promotes Islamic values.
The Islamic Coin is a native currency of Haqq, a community-run network. Islamic Coin is to empower the world’s Muslim community with a financial instrument for the Digital Age, that enables seamless transactions and interaction.
Islamic Coin (ISLM) is a Shariah-compliant digital currency. The coin has just got itself a Fatwa, from Muslim authorities.
The meaning of Fatwa is an “opinion”. It is usually given in response to questions raised by people or Islamic courts according to Islamic Laws.
The Fatwa from authorities grant based on its use of proof-of-stake mining, and the decentralized nature of the ISLM coin. And, its charitable activities.
In June 2022, the currency gained a Fatwa issued by the world’s leading Muslim authorities. August, Islamic Coin raised $200m during a private sale.
Fatwa, Issued by the World’s leading authorities in Islamic Finance, Islamic Coin has been provided a Fatwa based on the Holy Teachings of the Quran. Islamic Coin claims to be a world-first, by sticking to the principles of the Quran.
“We have a digital currency that not only makes social contributions through charity but is also good to society because it uses a proof-of-stake system that requires the purchase of tokens to be part of the network, a process that saves significant amounts of energy”, explained Andrey Kuznetsov, Co-founder and Chief Technology Officer, Haqq Association.
“Creating an instrument to serve and empower the Muslim community, while delivering direct value and promoting the principles of Islam via blockchain and innovation.”, IslamicCoin Board.
Islamic Coin has also gained strong interest from investors because it has been designed to be less energy intensive. Islamic Coin will be launching via a private sale soon.
The post Islamic Coin Gets Fatwa From Muslim Scholars, Launches Private Sale appeared first on BeInCrypto.
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