Shariah-Compliant Crypto Poised for Global Launch

Launch of Islamic Coin

Islamic Coin, the native cryptocurrency of the Haqq ecosystem, is set for a public launch in 2023. This Shariah-compliant digital asset is geared towards fostering crypto adoption in Muslim countries, providing a halal financial platform that aligns with Islamic traditions.

Shariah Compliance and Adoption

Haqq is recognized as the first ecosystem to fully comply with Islamic principles, which positions Islamic Coin to address common reservations about digital assets within the Muslim community. The coin aims to enhance Islamic finance across 185 countries, backed by accreditation from various Muslim authorities.

Mission and Philanthropy

The Haqq ecosystem seeks to offer the global Muslim population a transparent, real-time financial platform for cross-border transactions. Supporting Web3 innovations, it dedicates 10% of each coin issuance to philanthropic efforts in the Muslim world.

Partnerships and Innovation

Haqq Association, a non-profit entity, collaborates with the International Islamic University of Malaysia to promote blockchain and crypto education. Additionally, partnerships with DDCap Group aim to develop a Shariah-compliant Web3 alternative to SWIFT. Haqq is also engaging with retail and e-commerce platforms to integrate Sharia-compliant Web3 technologies into traditional systems.

Market Potential and Achievements

Islamic Coin's potential to become a tier-1 asset is highlighted by its co-founder, Mohammed Alkaff Alhashmi. He suggests that if a small percentage of the online Muslim community adopts the coin, it could achieve Bitcoin-scale prominence. Despite a challenging market in 2022, the coin secured over $200 million, demonstrating significant interest. Notably, cryptocurrency transactions in the MENA region surged by 48%, totaling $566 billion in 2022.

Islamic Coin’s strategic partnerships and Shariah-compliant innovations aim to revolutionize financial transactions for the global Muslim community, positioning itself as a major player in the digital asset landscape.