The Islamic Coin (ISLM) is a cryptocurrency that adheres to Shariah regulations. You may already be aware of this. Alhashmi, Islamic Coin's cofounder, is positive about the product his company is developing. It is incredible that Alhashmi asserts that they are engaging in a long-term strategy in order to gain access to the $2.88 trillion Islamic financial sector.

The fact that cryptocurrency does not have a physical form is an intriguing concept. Because cryptocurrency is a virtual coin, this is the case. A verified blockchain transaction is the only way to prove ownership of a cryptocurrency. The blockchain, also known as an electronic ledger, contains a public record. For instance, cryptocurrency owners want to make purchases from businesses that accept the digital currency as a form of payment. Rather than being handled by a bank, the currency is transferred through the public ledger system.

Haqq, a community-run network devoted to empowering a Shariah-compliant, ethical financial ecosystem, uses Islamic Coin as its native currency. There is a limited supply of Islamic Coin, and 10% of each coin is automatically allocated to charitable causes. Although the platform is still looking for new market opportunities and financing schemes that promote the ethical use of digital platforms and emerging technologies for the benefit of society, the team claims that Islamic Coin is gradually gaining popularity in the blockspace.

In addition to media, commercial, financial, entertainment, and charitable projects, Islamic Coin is the largest Islamic technology project to use blockchain technology. In addition to building a Decentralized Autonomous Organization (DAO) that operates in accordance with Islamic Sharia in its content and transactions, the project aims to construct an Islamic blockchain that assists individuals, businesses, and charitable organizations in the global Islamic community in achieving financial independence. Islamic Coin is the key to expanding this project worldwide and is a halal cryptocurrency.

Its goal is to provide the global Muslim community with a digital-era financial tool that facilitates seamless transactions and interaction while encouraging innovation and charitable giving. Islamic Coin is a Halal asset because it has a limited supply.

Islamic Coin has caught the attention of prominent figures in both traditional and Islamic finance because it aims to reach 1.1 billion Muslims worldwide who use the internet. Islamic Coin broke all previous year's records by securing $200 million from a private sale in August 2022.
Conclusion;

The Islamic coin's idea was to give Muslims around the world a way to participate in the digital economy. Islamic Coin is described as a Shariah-compliant Halal asset. Islamic Coin adheres to the fundamental principles that guide Islamic life and, by extension, law, particularly those regarding morality and modesty because, from an Islamic perspective, money is only used for exchange and not for speculation or trading with the goal of making money. Alhashmi claims that the Islamic Coin was designed to make charitable giving easier.

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