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Following the successful launch of its public token offering on Republic Crypto, Islamic Coin commences its next phase, which is its listing on top exchanges, both centralized and decentralized.
Among the list of exchanges scheduled for ISLM listing are Kucoin, Sushiswap, Haqqex, and a few others. The listing marks an important milestone and a significant advance for Islamic Coin (ISLM) and its community, with exposure to a user base of over 80 million contributing to the acceptance of the nascent Sharia-compliant cryptocurrency.
What is Islamic Coin and What is It Used for?
Islamic Coin is the native currency of HAQQ, an ethics-first PoS blockchain compatible with EVM and built using Cosmos SDK module. HAQQ is facilitating a Sharia-compliant financial ecosystem, providing the global Muslim population and other ethical finance enthusiasts a financial tool that supports innovation and philanthropy.
Islamic Coin is used for payments, governance, paying transaction fees, and staking. But it is more than a digital currency. It’s a comprehensive financial ecosystem designed to serve a multitude of use cases aligned with Islamic principles. The team is working toward Islamic financial instruments that can be used in a decentralized world by ISLM. For example, Sukuk — the Islamic equivalent of bonds — by digitizing these instruments on the HAQQ blockchain, Islamic coin can bring unparalleled efficiency and transparency to this massive market. Similarly, Islamic investment agreements like Mudarabah and Musharakah can be executed in a Sharia-compliant manner through the platform.
Islamic Coin meets all the criteria of a halal asset. It has earned a
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Author: Jana Serfontein
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