The Launch of Islamic Coin

Cryptocurrency has been gaining popularity and traction in recent years,
and now a new cryptocurrency is set to launch to the public next month: Islamic Coin.

What sets Islamic Coin apart from other cryptocurrencies is
that it is the world’s first Sharia-compliant cryptocurrency,
operating on the Haqq Blockchain. But what makes it halal? Let’s explore.

Topics

What is Islamic Coin?
How is it Halal?
Private Sale Mode
Public Launch
Conclusion
FAQs

What is Islamic Coin?

Islamic Coin is a cryptocurrency that runs on the Haqq Blockchain,
a network that adheres to Islamic financial principles and practices.
The Haqq Blockchain, which means “truth” in Arabic, is interoperable with hundreds of apps globally,
making it a flexible financial transaction platform.

Although Islamic Coin is currently in the private sale stage,
it is garnering backing from venture capitalists and financial institutions.
This support, according to Islamic Coin co-founder Mohammed AlKaff AlHashmi,
will increase community trust and confidence in the currency’s momentum before its public release.

How is it Halal?

The fact that Islamic Coin is Sharia-compliant distinguishes it from other cryptocurrencies.

Several rules must be followed in Islamic finance, including the prohibition of riba (interest),
gharar (uncertainty or speculation), and maysir (gambling).
Islamic Coin was created with these ideals in mind, making it halal.

Furthermore, Islamic Coin runs on the Haqq Blockchain,
which adheres to Islamic financial principles and traditions.
The platform was created to ensure that transactions are transparent and fair,
leaving no opportunity for speculation or fraud.

Private Sale Mode

Islamic Coin is now in private sale mode,
which means that only a small number of investors have access to it.
According to AlHashmi, this was done on purpose to instill trust
and confidence in the currency before its public distribution.

“We don’t want people to think that we are using the word ‘Islamic’ to play on their emotions
and then moving on to become an investment in something they don’t know,” he told Arabian Business.

The private sale approach has been successful since venture capitalists
and financial institutions have expressed interest in the currency.
This assistance will aid in the development of a robust community
surrounding the Islamic coin before its public release.

Public Launch

Islamic Coin is expected to go public in May, though no precise date has been specified.
The introduction of the world’s first Sharia-compliant cryptocurrency
is a significant step forward in the world of banking and cryptocurrencies.

The debut of the Islamic Coin is likely to garner a great deal of attention and interest,
particularly among Muslims who have long sought a halal alternative to traditional money and banking.

Conclusion

The introduction of the Islamic Coin is a huge step forward in the worlds of cryptocurrencies and Islamic financing.

It has been developed to comply with Islamic ideas and traditions regarding money
as the world’s first Sharia-compliant cryptocurrency, making it a kosher alternative to traditional finance and banking.

The private sale method was a success, with venture capitalists and financial institutions helping
to develop a solid community around Islamic coins.
The currency’s public introduction in May is eagerly anticipated,
and it will be interesting to watch how it is welcomed.

FAQs

What is Islamic Coin?
Islamic Coin is the world’s first Sharia-compliant cryptocurrency,
operating on the Haqq Blockchain.

How is the Islamic Coin halal?
Islamic Coin has been designed to adhere to Islamic principles and traditions on finance,
including the prohibition of riba, gharar, and maysir.

What is the Haqq Blockchain?
The Haqq Blockchain is a network that abides by Islamic principles and traditions on finance,
with Islamic Coin as its native cryptocurrency.

When will the Islamic coin be launched to the public?
Islamic Coin is set to be launched in May.

The Launch of Islamic Coin

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