Islamic Coin: World’s first Sharia compliant cryptocurrency to launch in May

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The world’s first Sharia compliant cryptocurrency, Islamic Coin, will be launched to the public next month, one of its co-founders told Arabian Business.

Islamic Coin, which is still in private sales, runs on the Haqq Blockchain, a network that is compatible with thousands of applications around the world. Haqq, which means ‘truth’ in Arabic, strictly adheres to Islamic financial principles and traditions, with the Islamic Coin serving as its native cryptocurrency. The currency, which is still in private sales, is gaining support from venture capitalists and financial institutions. According to Mohammed AlKaff AlHashmi, co-founder of Islamic Coin, this support will increase community trust and confidence in the currency’s traction prior to its public release.

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Islamic Coin: World’s first Sharia compliant cryptocurrency to launch in May

The world’s first Sharia compliant cryptocurrency, Islamic Coin, will be launched to the public next month, one of its co-founders told Arabian Business.

Islamic Coin, which is still in private sales, runs on the Haqq Blockchain, a network that is compatible with thousands of applications around the world. Haqq, which means ‘truth’ in Arabic, strictly adheres to Islamic financial principles and traditions, with the Islamic Coin serving as its native cryptocurrency. The currency, which is still in private sales, is gaining support from venture capitalists and financial institutions. According to Mohammed AlKaff AlHashmi, co-founder of Islamic Coin, this support will increase community trust and confidence in the currency’s traction prior to its public release.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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