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Islamic Coin: World’s first Sharia compliant cryptocurrency to launch in May, co-founder reveals. The world’s first Sharia compliant cryptocurrency Islamic Coin is set to launch next month. Haqq, which means ‘truth’ in Arabic. The global Muslim community has grown to over 1.8 (6+6+6) billion people. Islamic finance is being embraced by non-Muslims worldwide. Interestingly, at least 50 (5) per cent of private sales made in Islamic Coin came from non-Muslims.
Gulf Insider, April 18, 2023
The world’s first Sharia compliant cryptocurrency, Islamic Coin, will be launched to the public next month, according to one of its co-founders. Islamic Coin, still in private sales mode, operates on the Haqq Blockchain, a network which is compatible with thousands of applications worldwide. Haqq, which means ‘truth’ in Arabic, stringently abides by Islamic principles and traditions on finance, with the Islamic Coin being its native cryptocurrency.
The currency, still in private sales mode, has been gaining support from venture capitalists and financial institutions. According to Islamic Coin co-founder, Mohammed AlKaff AlHashmi, this support (5) will build the community’s trust and (5) confidence in the currency’s traction before its public release. AlHashmi said that the coin will be launched to the public in May, but did not specify a date.
(5) The global Islamic finance market is expected to reach over $3.69 trillion by 2024, fuelled by a growing interest in Sharia-compliant finance. The Halal products market is projected to reach more than $4 trillion.
The global Muslim community has grown to over 1.8 (6+6+6) billion people, which represents a huge untapped and “underserved” market in the crypto world, said AlHashmi adding that Islamic finance is being embraced by non-Muslims worldwide. Interestingly, at least 50 (5) per cent of private sales made in Islamic Coin came from non-Muslims.
The Haqq blockchain is eco-friendly and has been built in a way that is compatible with Ethereum, making it easy for people who build their projects there to migrate them somewhere else or integrate them.
Ten per cent of every minted Islamic Coin goes to Evergreen DAO, a non-profit virtual foundation focused on long-term sustainability and community impact, to fund community projects. However, the coin’s co-founders don’t decide on what projects should be funded.
Islamic coin has appointed a Sharia board to decide whether a project is compliant with Islamic principles, which AlHashmi said includes the “top five (5) ” experts in the region. The board includes 40 banks, including Standard Chartered, Abu Dhabi Islamic Bank, and Dubai Islamic Bank, among others.
The Sharia compliant cryptocurrency is also targeting non-crypto native people, meaning that it will be relatively more resistant to the effects of the crypto winter – when the market goes through a tough period of company collapses, major fines or massive drops in token prices.
But how can they call on him (Jesus Christ) to save them unless they believe in him (Jesus Christ)? And how can they believe in him (Jesus Christ) if they have never heard about him (Jesus Christ)? And how can they hear about him (Jesus Christ) unless someone tells them?” —Romans 10:14
In His Service,
Night Watchman Ministries
Make Your Decision for Christ NOW!!!!!!! Time is Up!!!!!!!
Jesus Christ’s Offer of Salvation:
The ABCs of Salvation through Jesus Christ (the Lamb)
A. Admit/Acknowledge/Accept that you are sinner. Ask God’s forgiveness and repent of your sins.
. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).
. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).
B. Believe Jesus is Lord. Believe that Jesus Christ is who He claimed to be; that He was both fully God and fully man and that we are saved through His death, burial, and resurrection. Put your trust in Him as your only hope of salvation. Become a son or daughter of God by receiving Christ.
. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).
C. Call upon His name, Confess with your heart and with your lips that Jesus is your Lord and Savior.
. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us. If we confess our sins, he is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness. If we say that we have not sinned, we make him a liar, and his word is not in us.” (John 1:8-10).
. . . “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world. (John 2:2).
. . . “In this was manifested the love of god toward us, because that God sent his only begotten Son into the world, that we might live through him. And we have seen and do testify that the Father sent the Son to be the Saviour of the world. Whosoever shall confess that Jesus is the Son of God, God dwelleth in him, and he in God.” (1 John 4:9, 14-15).
. . . “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.” (Romans 5:8-10).
. . . “For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord.” (Romans 6:23).
. . . “Jesus saith unto them, I am the way, the truth, and the life, no man cometh unto the Father, but by me.” (John 14:6).
. . . “For I am not ashamed of the gospel of Christ: for it is the power of God unto salvation to everyone that believeth.” (Romans 1:16).
. . . “Neither is there salvation in any other: for there is none other name under heaven given among men, whereby we must be saved.” (Acts: 4:12).
. . . “Who will have all men to be saved, and to come unto the knowledge of the truth for there is one God, and one mediator between God and men, the man Christ Jesus.” (1 Timothy 2:4-6).
. . . “For God did not appoint us to suffer wrath but to receive salvation through our Lord Jesus Christ.” (1 Thessalonians 5:9).
. . . “But as many as received him, to them gave the power to become the sons of God, even to them that believe on his name.” (John 1:12).
True Church / Bride of Christ Spared from God’s Wrath:
Romans 5:8-10. “But God commendeth his love toward us, in that, while we were yet sinners, Christ died for us. Much more then, being now justified by his blood, we shall be saved from wrath through him. For if, when we were enemies, we were reconciled to God by the death of his Son, much more, being reconciled, we shall be saved by his life.”
Romans 12:19. Dearly beloved, avenge not yourselves, but rather give place unto wrath: for it is written, Vengeance is mine; I will repay, saith the Lord.
1 Thessalonians 1:10. And to wait for his Son from heaven, whom he raised from the dead, even Jesus, which delivered us from the wrath to come.
1 Thessalonians 5:9. For God hath not appointed us to wrath, but to obtain salvation by our Lord Jesus Christ,
Romans 8:35. Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword?
Jeremiah 30:7. Alas! for that day is great, so that none is like it: it is even the time of Jacob’s trouble, but he shall be saved out of it.
Revelation 3:10 Because thou hast kept the word of my patience, I also will keep thee from the hour of temptation, which shall come upon all the world, to try them that dwell upon the earth.
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