Islamic Coin (ISLM) Gains Traction as Sharia-Compliant Cryptocurrency

• Islamic Coin (ISLM) is a Sharia-compliant cryptocurrency built on the HAQQ blockchain, designed to prohibit riba (interest), gharar (uncertainty), and maysir (gambling) through smart contracts and a dedicated Sharia board.

• The project integrates with Islamic financial institutions like Abu Dhabi Islamic Bank and Dubai Islamic Bank, enabling the automation of zakat collection and ethical digital asset management.

• ISLM is one of the few projects explicitly designed to avoid Islamic financial prohibitions, and it has garnered attention from scholars and institutions as a model for future Sharia-compliant cryptocurrencies.

How Does Islamic Coin Ensure Compliance with Islamic Finance Principles?

Islamic Coin utilizes smart contracts to automatically enforce compliance with Islamic finance principles. These contracts prevent interest-bearing mechanisms and ensure transparency in transactions. The use of smart contracts also enables the automated collection and distribution of zakat, a core Islamic financial practice. The project's governance model includes a dedicated Sharia board to oversee compliance and promote real economic value.

The integration of Islamic Coin with Islamic banks such as Abu Dhabi Islamic Bank bridges traditional Islamic finance with digital assets. This integration allows for the development of regulated products that meet Islamic financial standards.

What Is the Market Potential for Islamic Coin in the 2026 Crypto Landscape?

Islamic finance is a growing sector, with the global Islamic finance market projected to reach $6.67 trillion by 2027. Islamic Coin represents a new category of cryptocurrency tailored to meet the ethical and legal standards of Islamic finance. It is part of a broader trend in the crypto market toward Sharia compliance and ethical investing.

The project is also supported by regulatory developments in countries like the UAE, Indonesia, and Malaysia, which are creating frameworks to encourage halal crypto adoption. Tokenized sukuk and regulated exchanges are expanding access for Muslim investors.

Islamic Coin is being highlighted as a practical example of a token designed for ethical investing, and it may serve as a model for future projects seeking to align with Islamic finance principles. As regulatory frameworks continue to evolve, more projects are expected to emerge that meet the standards of Islamic finance.