June 24, 2022
Islamic Coin Gains Fatwa From Leading Global Muslim Scholars
June 24, 2022 - Islamic Coin (ISLM) - a Shariah-compliant digital currency has gained a Fatwa, issued by the world's leading Muslim authorities. The edict was led by Sheikh Dr. Nizam Mohammed Saleh Yaquby, once referred to as 'The Gatekeeper' of a $2 trillion market for Islamic financial products by Bloomberg.
Islamic Coin's Management Board, tasked with overseeing the development of the ISLM coin and its Haqq blockchain, consists of leading figures in both Islamic and traditional Finance and includes Islamic Banker of the Year Hussein Mohammed Al Meeza, a 27 year veteran and key figure of Dubai Islamic Bank - the first fully fledged, Shariah Compliant financial institution in the world. As Founding Member of Emaar Properties and Board Member of the General Council of Islamic Banks and Financial Institutions, Mr Al Meeza is one of the leading authorities in Shariah and traditional banking in the Middle East.
See the full Executive Board here.
Islamic Coin, the native currency of the Haqq Blockchain has received the Fatwa from leading authorities based on its use of proof-of-stake mining, dedication to charity and the decentralised nature of the ISLM coin.
According to the official press release from the team behind Islamic Coin, "Shariah compliance has long been an issue in crypto and Islamic Coin has become a world first to not only honour the principles of the Quran, but in creating an instrument to serve and empower the Muslim community, while delivering direct value and promoting the principles of Islam via blockchain and innovation."
"We are proud to build and deliver a Shariah-compliant, immutable, independent financial system that serves the Muslim community and beyond. A pillar of stability, intertwined with values that are future-proof in a changing world," commented Islamic Coin Co-Founder Mohammed Alkaff.
Islamic Coin will be launching via a private sale and then into top global exchanges shortly.
Require Some Guidance in Finding The Right Provider?
Let One of Our Experts Help!
Use the LiquidityFinder Match Matrix to find the right provider for your electrionic trading business!
Get Started
Featured News on LiquidityFinder
Latest News on LiquidityFinder
Find The Right Providers For Your Trading Business
1
Step 1
Please Select Which Category Best Describes You:
Try Our Free Match Matrix
LiquidityFinder aims to take the guesswork out of finding the right trading partners.
2023 Copyright © Liquidity Finder Ltd. All rights reserved.
Liquidity Finder Ltd is incorporated in England and Wales, company number 10610740, and whose registered address is 167-169 Great Portland Street, Fifth Floor, London W1W 5PF, United Kingdom.
Liquidity Finder endeavors to keep all information displayed on these pages accurate and up to date but we cannot guarantee that the page will be error-free or up to date. All information is provided for general information purposes only. It does not claim to be or constitute legal or other professional advice and cannot be relied upon as such. Please refer to our Terms of Service for more details.
To personalize content, provide a optimal experience, tailor and measure engagement; the browsing, navigating and the continous use of this website means you agree to the Terms of Service, Privacy Policy & Security Policy of this website. Your choices on this website will be applied globally throughout the website.
LiquidityFinder & Our Partners
Your behavior, data and actions may be utilized to offer you optimal connections and services by approved and suitable providers fitting your account requirements and website actions. When contacting providers or initiating a provider request, match matrix or expert match review we may share necessary data to evaluate your compatability with our connected partners and suitable providers.