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What is Islamic Coin (ISLM)?

Islamic Coin (ISLM) is a Shariah-compliant cryptocurrency created to serve the financial needs of the global Muslim community while adhering to Islamic financial principles. Launched on May 5, 2022, ISLM operates on the Haqq blockchain, which utilizes a Proof-of-Authority (PoA) consensus mechanism. The coin is designed to provide ethical, halal digital assets and facilitate financial transactions that comply with Islamic law. Founded by Emirati entrepreneurs Mohammed AlKaff AlHashmi, Andrey Kuznetsov, Alex Malkov, and Hussein Al Meeza, ISLM aims to provide a sustainable and community-driven digital asset ecosystem.

Key Features

• Shariah Compliance: Islamic Coin is fully aligned with Islamic finance principles, avoiding interest (riba) and ensuring that transactions are ethical and halal.

• Haqq Blockchain: It operates on the Haqq blockchain, which offers enhanced scalability and interoperability, built to work seamlessly with Ethereum.

• Evergreen Fund: A non-profit Swiss Foundation that supports sustainable and impactful projects globally.

• Community-Centric: 10% of every minted ISLM is allocated to the Evergreen DAO for funding charitable and community-driven initiatives.

Functions & Use Cases of Islamic Coin (ISLM)

• Global Digital Payments: ISLM enables secure, decentralized, and Shariah-compliant payments for users across the globe, providing an alternative to conventional banking systems.

• Investment & Wealth Preservation: Offers Muslims an ethical investment option that aligns with Islamic law, allowing them to grow their wealth without compromising on principles.

• Charity and Zakat: Islamic Coin supports the giving of Zakat (almsgiving), with contributions from token transactions supporting global charitable initiatives through the Evergreen Fund.

• E-commerce: ISLM can be used for transactions in online marketplaces, supporting halal commerce and ethical consumerism.

• Governance & Voting: Token holders have a voice in decisions related to the ecosystem, enabling decentralized governance and a community-driven approach.

Where to buy ISLM (Islamic Coin)?

Islamic Coin (ISLM) is available for purchase on both centralized and decentralized exchanges. Top CEXs include MEXC, KuCoin, LBank, Gate.io, and Indodax. For DEX trading, Osmosis supports ISLM pairs like USDC/ISLM and ATOM/ISLM. Users can also buy ISLM through platforms like Changelly and SimpleSwap using credit cards or crypto. Always choose a reliable platform based on your region and trading needs.

Wallets that support ISLM Token?

The HAQQ Wallet is the most suitable and official wallet to store ISLM (Islamic Coin). It is designed specifically for the HAQQ ecosystem, offering enhanced security, seamless staking, and easy access to governance features. Ideal for both beginners and experienced users, HAQQ Wallet ensures safe and efficient ISLM storage.