The Middle East is becoming a center of digital finance and a region where the most modern blockchain technologies are being introduced. And it’s not a newspaper headline. This is a reality that everyone who visited the leading exhibitions and forums held in the last two months in this region could find themselves in. From November 14 to 18, Abu Dhabi hosted conference dedicated to finance and digital technologies – Abu Dhabi finance week. For several days, experts in the field of economics, technology and innovation discussed the current problems of the industry, got acquainted with startups, found partners and investors. Abu Dhabi finance week is a meeting place for those who create and implement new ideas and achieve results.
We have already wrote about Gitex 2022, the World Blockchain Summit Dubai 2022 and even about the Dubai Muscle Show EXPO – exhibitions in which representatives of IslamicCoin successfully participated.
In June 2022, IslamicCoin received a Fatwa and was recognized as a project that complies with the laws of Islam and Shariah. IslamicCoin’s advisors are the leaders of the Islamic financial market. And even a member of the ruling family of the UAE, Sheikh Khalifa Bin Mohammed Bin Khalid Al Nahyan, joined the Advisory board.
IslamicCoin is aimed at maintaining and creating conditions for the prosperity and well-being of the Islamic community and is important not only for the future of digital finance, but also for the entire blockchain world. New digital financial systems are forming new infrastructures around themselves, access to which should be open to everyone who supports technology, ethical development and wants to get a reliable tool for a new financial era.
And this could not go unnoticed. The final day of Abu Dhabi finance week was marked by another important victory and recognition of the IslamicCoin project, which received an award on November 18 in Abu Dhabi – Middle East Blockchain Awards – awards for the best projects in the field of Web 3.0.
The ceremony was attended by government officials and industry experts from the Middle East and digital finance and blockchain technology professionals from all around the world.
Launched with the aim of recognizing and encouraging outstanding projects in the field of innovation, the MEBA award was established by the Hoko Middle East agency together with Abu Dhabi Finance Week and the Association of Crypto and Blockchain Technologies of the Middle East, Africa and Asia (MEAACBA).
IslamicCoin became the winner in the nomination “The Most Promising ESG Crypto Project 2022”
“There is a huge demand for cryptocurrencies and applications compatible with Islam and Shariah. They are able to provide users with new financial products and solutions that are trustworthy. Such solutions are absolutely transparent, sustainable and fairer towards users who use them to manage their funds,” says another member of the IslamicCoin team, Mohammed AlKaff AlHashmi, a member of the HAQQ association specializing in Shariah-compliant digital financial services.
Islamic Coin is the first project to provide the community with powerful financial technology that allows for seamless transactions, support innovation and charity. The project is 100% compliant with Sharia law and benefits the community. Developers focus on sustainable development and use technology and innovation to ensure financial sustainability.
“At the heart of Islamic finance is the prohibition on charging interest. Islamic finance has always been focused on not shifting most of the risks to one side of the financial relationship. In Islamic finance, balance and transparency of transactions should be observed, which can negatively affect our society,” says Mohammed AlKaff AlHashmi, one of the founders of IslamicCoin.
IslamicCoin targets 1.1 billion Muslims using the Internet. The project creates convenient tools designed for users who have never been owners of cryptocurrencies. The mission of the project is to provide the international community of followers of Islam with a reliable and promising financial instrument that allows for independent financial interaction, support innovation and philanthropy. Using the power of the Muslim community, Isalmic Coin can become one of the most important and valuable crypto assets. If 3-4% of the Muslim online community own an Islamic coin, it will become a bitcoin-scale crypto asset, bringing its holders a trillion dollars and $100 billion for the Evergreen DAO.