Shariah-Compliant Digital Money
The currency of the Haqq ecosystem. Serves The Muslim Community. Promotes Islamic values.
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.
Mission Statement
Our mission is to empower the world's Muslim community with a financial instrument for the Digital Age, that enables seamless transactions and interaction, while supporting innovation and philanthropy.
News
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Mar 16, 2023
Islamic Coin Sets Aside $40M, Offers Grants and Investment Opportunities for Shariah-Compliant Endeavours
Obtaining an unprecedented $200 million from private investors, Islamic Coin (ISLM), an ethics-first Shariah-compliant financial ecosystem, launched its grants and investment program to support endeavors and projects to benefit the project's ecosystem and the global community.
Mar 16, 2023
Islamic crypto moves to reassure investors as Silicon Valley Bank goes bust
Islamic Coin to allocate $40 million for launch of a worldwide ‘Grants and Investment’ programme, while Haqq Network announces an exclusive tie-up with Holiday Swap, the world’s largest home exchange platform
Mar 10, 2023
Web2 to Web3: Haqq and Holiday Swap Announce Partnership Launch
Holiday Swap Announces an Exclusive Partnership With Shariah-Compliant HAQQ Network, Bringing New Technologies to 1M Users Across 185 Countries
Mar 2, 2023
Dubai’s Crypto Industry Welcomes New Licensing Regime Amid Global Regulatory Uncertainty
The emirate’s ambitious framework tackles a broad range of assets and activities, designed to attract firms seeking regulatory clarity.
Mar 1, 2023
Islamic Coin Brings UAE Royalty Into Cryptocurrencies
In recent months, the problem of conforming the Shariah financial system with digital currencies has found a solution that suits everyone – at least, that’s what growing support for the Islamic Coin project from major public figures in the Muslim world seems to show.
The Advisory Board
Sheikh Dr. Hazza bin Sultan bin Zayed Al Nahyan
Grandson of UAE Founder Sheikh Zayed bin Sultan Al Nahyan...
Sheikh Saeed bin Hamdan bin Mohammed Al Nahyan
Sheikh Saeed bin Hamdan bin Mohammed Al Nahyan has completed his basic training at Britannia Royal Naval College in Dartmouth...
Sheikh Khalifa Bin Mohammed bin Khalid AL Nahyan
His Excellency Sheikh Khalifa Bin Mohammed bin Khalid AL Nahyan is a member of the Abu Dhabi Ruling Family...
His Highness Sheikh Juma bin Maktoum Al Maktoum
His Highness Sheikh Juma bin Maktoum al Maktoum is an accomplished businessman, leader and...
Sheikh Mohammad Bin Khalifa Bin Mohammad Bin Khalid Al Nahyan
Sheikh Mohammad Bin Khalifa Bin Mohammad Bin Khalid Al Nahyan
Her Highness Sheikha Mariam Suhail Obaid Suhail Al Maktoum
Her Highness Sheikha Mariam Suhail Obaid Suhail Al-Maktoum is a member of Dubai’s Ruling Family
The Executive Board
Hussein Mohammed Al Meeza
Hussein Mohammed Al Meeza is an acclaimed award-winning banker with over 45 years of experience spanning the Islamic banking, finance and insurance sectors...
Mohammed AlKaff AlHashmi
Mohammed AlKaff AlHashmi is a computer science engineer with more than 18 years of experience. With this accumulative experience he focuses on Industry 4.0, Artificial Intelligence...
Greg Gigliotti
Mr. Gigliotti began his financial career in 1989 as an analyst at Mutual Series Funds where he continued as a Senior member of the investment team led by acclaimed investor Michael Price...
Peter J. Rafferty
Mr Rafferty is the Managing Director and founding partner of Xtellus Advisors, LLC, a New York-based private equity investment firm...
Anish Mohammed
Anish, is co-founder, Chief Scientist and CTO of Panther protocol, has 20+ years experience in security and cryptography...
Khamis Buharoon Al Shamsi
Mr. Khamis Buharoon AI Shamsi is a world renowned expert in global finance that has built a solid reputation at the Central Bank of UAE...
Faris Ahmad Ramadhan Juma
Mr. Juma has held senior positions at DU Telecom, led ARJ Water Technology as Regional CEO and Emaar Group as its General Manager...
Dr. Mohamed Bechari
Dr. Bechari holds many prominent posts, including President of the French National Federation of Muslims...
Rachel Pether
Ms. Pether has held senior management positions at Mubadala Investment Company and SkyBridge Capital. She acts as an advisor to various digital asset companies...
Arben Kane
Arben Kane is a seasoned entrepreneur with over 20 years of experience in technology...
Islamic Coin is Shariah Compliant
The Islamic Coin Shariah Board consists of the world's most renowned Islamic Scholars.
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Members of the Islamic Coin Shariah Board
Sheikh Dr. Nizam Mohammed Saleh Yaquby
Sheikh Yaquby is an internationally renowned Shariah scholar who serves on over 40 Shariah Advisory Boards including Standard Chartered, BNP Paribas, Al Rayan Bank...
Sheikh Dr. Mohamed Zoeir
With over 45 years of banking experience, Dr. Sheikh Zoeir is a Shariah scholar and Islamic finance professor, working with Dubai Islamic Bank, Ajman Bank, AlSalam Bank Group...
Sheikh Dr. Essam Khalaf Al-Enezi
Sheikh Al-Enezi is a Shariah scholar and Islamic finance professor. Dr. Al-Enezi is a faculty member of Shariah and Islamic Studies at the University of Kuwait...
Sheikh Mohamed Fathiddin Beyanouni
Sheikh Beyanouni is a global Shariah scholar and a leading expert in Blockchain and Shariah-compliant cryptocurrencies. He holds Bachelor’s and Master’s degrees in Islamic jurisprudence...
Sheikh Mohamed Abdel Hakim Mohamed
Sheikh Mohamed is a Shariah scholar and Islamic finance powerhouse. He has extensive experience with more than 20 outstanding years in the space...
What is Islamic Coin?
Islamic Coin is a halal digital asset, designed to create value for the Muslim community. It is built on the native Haqq blockchain, and stringently abides by Islamic Finance principles.
Features of Islamic Coin
Islamic Coin cannot be arbitrarily printed and devalued. It also cannot be arbitrarily deflated through the rise of interest rates; its price is determined by the market and thus always fair.
Islamic Coin is minted automatically at predetermined announced rate and distributed amongst validators and delegators who actively contribute and invest to Haqq network functioning and security.
Unlike fiat money, Islamic Coin is not operated by the banks whose main business is to earn money by charging interest. Charging interest is what leads to riba and is therefore haram.
Each time a new Islamic Coin is minted, 10% is deposited into a special Evergreen DAO for further investment into Islam-related ventures or donated to Muslim charities. This is the first introduction of a coin bringing direct economic value to the Muslim community.
IslamicCoin workflow
The Future
Islamic Coin's immense potential is backed by the global influence of the Muslim world.
25 million
active Bitcoin users
$600
billion
Market cap
1 billion
Muslim Internet users
Part of Muslim Internet users holding Islamic Coin (projected):
3%
$720
billion
5%
$1200
billion
10%
$2400
billion
20%
$4200
billion
Projected market cap