The Haqq ecosystem’s native coin, the Islamic coin ($ISLM), will go public in 2023. Haqq is said to be the world’s first ecosystem that adheres to Islamic principles and customs. This specific coin focuses on providing a monetary platform to the global Muslim population and is a 100% halal cryptocurrency.
According to the crew, Islamic currency is set to help assuage Muslims’ reservations about the digital property because it adheres to Islamic norms. Islamic Coin, which is focused on increasing crypto acceptance and promoting Islamic banking in 185 countries, has received accreditation and authority from a number of Muslim authorities via Fatwa.
According to the organization, its objective is to provide the global Muslim population with a financial platform that enables real-time, clear, and cross-border transactions while also promoting Web3 advancements and philanthropy. To that end, the community will donate 10% of each Islamic Coin issuance to charitable causes around the Muslim world.
The ecosystem’s non-profit, Haqq Affiliation, has teamed with the International Islamic College of Malaysia (IIUM) to raise blockchain and cryptocurrency awareness by providing a positive learning environment. Haqq and Islamic Coin recently teamed with DDCap Group and will likely be working on a Web3 Shariah-compliant alternative to SWIFT as well as other products.
Haqq is creating a variety of business collaborations with retail and e-commerce platforms in order to deliver Sharia-compliant Web3 applied sciences into traditional Web2 contexts. Recently, it worked with Vacation Swap, the world’s largest home exchange marketplace, to transfer the company’s tokenized operations to Web3.
