Islamic Coin: A Shariah-compliant Crypto:

Crypto Bana
2 min readFeb 5, 2023

Islamic Coin is a cryptocurrency developed for use on the Haqq network, which is focused on promoting Shariah-compliant financial practices. It has a limited supply and a portion of each issuance is earmarked for philanthropy.
Islamic Coin is a native currency of Haqq, a community-run network, dedicated to empowering an ethics-first Shariah-compliant financial ecosystem. Islamic Coin has a finite total supply and 10% of each issuance is automatically dedicated for philanthropic purposes.

Haqq ISLM Blockchain Platform

Haqq is a blockchain platform that aims to provide scalability and interoperability for its users. It operates using the Proof-of-Stake consensus mechanism, which is designed to be faster and more energy-efficient than other methods, and also provides fast finality, meaning that transactions are considered confirmed more quickly. The ISLM token is the native currency of the Haqq platform and is used for various purposes, such as participating in the governance of the network and paying for transaction fees.

Haqq Blockchain is a blockchain platform that aims to serve the Muslim community by providing a financial and technological tool that supports financial independence and philanthropy. It operates on a Proof-of-Stake consensus mechanism and is compatible with existing blockchain tools and developer instruments, primarily Ethereum and Cosmos. Haqq aims to provide fast finality and high transactions throughput to meet the modern industry requirements. The name Haqq means truth in Arabic, reflecting the platform's commitment to transparency and accuracy in financial transactions.

Haqq Association Overview

Haqq Association is a non-profit Swiss organization that aims to promote decentralized technologies in the Islamic world through the development of the Haqq blockchain. The organization is funded by donations and overseen by members of its Shariah Board, which is made up of renowned Shariah scholars and Islamic finance professors. The primary focus of Haqq Association is to ensure that the development of the Haqq blockchain is in line with the principles of Islamic finance.