2023-04-26 20:57:35
Recap of AMA with Islamic Coin Founder Mohammed AlKaff AlHashmi
Co-founder Mr. Mohammed AlKaff AlHashmi shares valuable insights on the project's goals, partnerships, and initiatives designed to serve the global Muslim community.
Islamic Coin focuses on the 1.8 billion Muslims worldwide, tapping into the $3 trillion Islamic finance market and the $4 trillion halal market. By offering a transparent, reliable, and Sharia-compliant platform, the project aims to cater to this underserved segment.
Committed to innovation, philanthropy, and Islamic ethics, Islamic Coin supports entrepreneurs and businesses from diverse backgrounds. With a dedicated $40 million fund, the project helps these ventures create value for the Muslim community.
Mr. AlKaff highlights the inspiration behind Islamic Coin – the need for a genuinely Sharia-compliant platform in the blockchain and cryptocurrency space. The project boasts a robust Executive Board, Advisory Board, and involvement from royal family members, reinforcing its credibility and attracting support from professional financial institutions.
The AMA delves into blockchain technology's transparency and traceability, which Islamic Coin leverages for its Sharia-compliant platform. The project's focus is on addressing everyday challenges faced by the Muslim community and providing valuable, innovative solutions.
Key initiatives and developments include:
A Sharia-compliant digital identity system to enhance Zakat funds and donations traceability.
Smart contracts to facilitate various transactions in Muslim life.
The Evergreen DAO is expected to launch in Q3.
Islamic Coin has formed strategic partnerships to further its impact:
SAMPRA, the world's largest halal food certifier, for blockchain-based certification and product tracking & transactions.
Holiday Swap, integrating over 650,000 active wallets into Islamic Coin's blockchain.
The project is also working with the International Islamic University in Malaysia to establish a Blockchain Academy, fostering education and awareness about blockchain and crypto within the Muslim community.
Mr. AlKaff expresses gratitude for the support received and remains optimistic about Islamic Coin's future. He invites community members to stay connected through social media and actively share questions, ideas, and contributions to drive the project's success.
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