ISLAMIC COIN / ISLAMIC FINANCE. Islamic Finance : this is a financial… | by Zainab Abdullah | Mar, 2023

ISLAMIC COIN / ISLAMIC FINANCE

• Islamic Finance : this is a financial system that adheres to the Islamic law. It offers services, products and instruments based on compliance to this Divine Law.
• Money : in Islam is regarded just as a medium of exchange not something you can earn direct income from… Interest can lead to injustice and exploitation in society.

The acceptance or payment of Riba (interest) is completely prohibited in Islam for the lending and accepting of money,

Islamic Coin is a native currency dedicated to empowering an ethics-first Shariah-compliant financial ecosystem.

“Islamic coin is generated through staking.. Staking is the process of locking ISLM coins by bonding them to validators who then maintain the Haqq Network by bonding coins, ISLM holders delegate voting power to validators and become delegators, which gives them the right to earn rewards and participate in governance”

This proves that the money you get by staking is fairly earned by delegating voting power to the validators, only then can the haqq network continue to flourish by maintaining the networks minting process through which more Islamic coins can be generated. In summary, you’re helping the network earn more coin by delegating more hash power and you are being rewarded fairly.. No fixed rate, profit and loss are both shared by the delegator and validator.

Islamic coin is not connected to any bank or centralised entity whose main means of earning money is through interest.. It is a completely decentralized digital currency that is sharia compliant, designed solely to benefit the community and the world at large..

Read more on this amazing digital currency on