UAE’s Islamic Coin Surges to 1.3M Users, Trailblazing Halal Crypto

Dubai: UAE’s Islamic Coin is a testament to the country’s rich heritage and commitment to promoting Islamic values. As the tempestuous cryptocurrency market continues to captivate the investment world, discerning investors are often confronted with a minefield of high-risk propositions and questionable ethical standing. Emanating from this cacophony, the Haqq network emerges as a vanguard of shariah-compliant and ethically anchored investment, with its linchpin cryptocurrency, Islamic Coin ($ISLM), making waves in the realm of Islamic finance and seeking to serve the nuanced financial aspirations of over 2 billion Muslims across the globe.

Conceived in 2022, the Haqq network is an architectural marvel, built atop the groundbreaking Haqq blockchain. This decentralized ledger is industry-first, meticulously sculpted to conform to the age-old tenets and traditions of Islamic finance, thereby resonating deeply with the Muslim community. The stratospheric rise of the Islamic Coin bears testimony to this resonance. Within an astonishingly brief timespan of six months, it has galvanized a community that has swelled beyond 1.3 million users, a feat that is indicative of not only the pent-up demand but also the burgeoning trust reposed by investors hailing from diverse backgrounds.

As the world inches closer to environmental and social sustainability, the prominence of Corporate Social Responsibility (CSR) has gained unprecedented momentum. In this context, Islamic finance emerges as a natural ally for ethically-minded investors. With its foundation rooted in principles that espouse ethical investing, wealth redistribution, and transparent transactions, Islamic finance is unique in that it is structured around a risk-sharing framework. This ensures a more equitable dispersion of financial gains, thereby making it an accessible and fair financial model for individuals across the economic spectrum.

The Islamic Coin serves as the beating heart of the Haqq blockchain, and in itself is a torchbearer of community-centric values. Each time the network issues new ISLM coins, an altruistic mechanism kicks in whereby 10% of the minted currency is funneled into a specialized Evergreen DAO. These funds are judiciously allocated towards community-driven projects and charitable causes that hold the promise of engendering positive societal change.

Moreover, Islamic Coin stands distinct in championing full transparency and actively contributing to the economic vitality of local and regional communities, aligning itself with both the letter and the spirit of Islamic principles.

Adding to the euphoria, market analysts have put forth sanguine projections for the sector. Fueled by a relentless surge in the appetite for shariah-compliant financial products and services, the global Islamic finance domain is poised for a meteoric rise, with market size estimates pegged to eclipse the staggering $3.69 trillion mark by 2024.

As Islamic Coin and the Haqq network continue on their trailblazing trajectory, they symbolize a broader awakening – one that recognizes the inherent value of ethical, transparent, and community-focused financial systems in a world yearning for change.

For those who wish to delve deeper into the transformative world of Haqq and Islamic Coin, or to join this burgeoning movement, the official website offers a wealth of information. Additionally, keeping a finger on the pulse of their latest developments is just a Twitter follow away. With its unique design and cultural significance, UAE’s Islamic Coin stands as a symbol of the nation’s unwavering dedication to preserving its Islamic traditions.