In this article, we will review a project called Islamic coin. This project can be a real discovery for the entire Muslim community, as it has a number of important features that allow everyone to carry out independent financial interaction.
First, let’s look at what an Islamic coin is?
Islamic Coin is Shariah-compliant digital money, designed to create value for the World’s Muslim community. It is built on Haqq — its dedicated Islamic blockchain. Meaning “Truth”, Haqq stringently abides by Islamic views and traditions on finance.
The main mission of the project is to provide the international community of followers of Islam with a reliable and future-oriented financial instrument that allows for independent financial interaction while supporting innovation and philanthropy.
The modern banking system does not fully comply with the principles and norms of Islamic finance, since both the payment and the accrual of interest for the use of money are prohibited in Islam. Unlike banks, an Islamic coin fully complies with all Islamic values and can become the financial basis of the entire Muslim world. The Islamic coin will be an innovation in the world of finance, helping to earn trillions of dollars for all its holders, while not forgetting about charity.
The Islamic coin is issued in a strictly limited edition and cannot be printed arbitrarily, which means it cannot depreciate. This indicates a high level of network security and makes it more transparent to users.
The Islamic Sonnet is issued only by members of the network who contribute to its work.
Islamic coin are not controlled by banks because their main purpose is to earn interest, which is forbidden in Islam.
The network is based on the 10% principle, which means that every time a new coin is minted, 10% of the minted amount is deposited in the Evergreen DAO. In the future, the funds of the fund contribute to other investments in projects, as well as to charity.
The price of an Islamic coin is always fair as it is determined by the market
In conclusion, we can conclude that the Islamic Coin is a top project with a huge potential for growth and development, which will have a powerful impact on one of the largest Muslim communities in the world. This project will facilitate the transition of Islamic finance to digital form, as well as eliminate the disadvantages of a fiat currency based on debt obligations.
https://twitter.com/Islamic_coin
https://medium.com/@islamic_coin
https://www.linkedin.com/company/islamiccoin
https://t.me/islamiccoin_community
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