ISLM Surges 38.45% as Sharia-Compliant Crypto Gains Momentum

• Islamic Coin (ISLM) is a cryptocurrency explicitly built to align with Islamic finance principles, including the prohibition of riba (interest), gharar (uncertainty), and maysir (gambling) according to design principles.
• The cryptocurrency is designed to integrate with Islamic financial institutions, with smart contracts ensuring compliance and ethical investment as per project specifications.
• ISLM recently surged in value by 38.45%, making it the top performer among cryptocurrencies for the week.

Islamic Coin (ISLM) was launched to serve the needs of Muslim investors who seek compliance with Islamic finance principles. It is built on the HAQQ blockchain and features a dedicated Sharia board to oversee compliance according to project documentation. This governance model ensures the project adheres to Islamic ethical standards, including avoiding interest-based activities and promoting real economic value as confirmed by sources.

The coin is integrated with Islamic banks such as Abu Dhabi Islamic Bank and Dubai Islamic Bank, offering a bridge between traditional Islamic finance and digital assets according to reports. These collaborations help establish trust and legitimacy within the Islamic financial community. Additionally, the use of smart contracts in ISLM prevents interest-bearing mechanisms and ensures transparency in transactions as detailed in analysis.

One of ISLM's most notable features is its ability to automate zakat collection, a core Islamic financial practice. This innovation positions ISLM as a model for future Sharia-compliant cryptocurrencies . The broader crypto landscape is evolving to meet the needs of Muslim investors, with innovations such as tokenized sukuk and halal-certified exchanges emerging as noted in industry coverage.

How Islamic Coin Aligns With Islamic Finance Principles?

Islamic finance prohibits activities that generate interest, uncertainty, or gambling. ISLM aligns with these principles by integrating smart contracts and a Sharia board to ensure all transactions are ethically sound as explained in design documents. The coin's governance model is designed to avoid interest-based activities and promote real economic value as confirmed by sources.

The use of smart contracts in ISLM enforces Sharia compliance automatically. These contracts prevent interest-bearing mechanisms and ensure transparency in transactions, which is essential for compliance according to technical analysis.

What Role Does ISLM Play in the Broader Crypto Market?

ISLM is one of the few projects explicitly designed to comply with Islamic finance principles, featuring a dedicated Sharia board and integration with Islamic banks to enable ethical digital asset management according to market analysis.

The growing interest in Islamic Coin reflects a broader trend of Muslim investors seeking halal-certified cryptocurrencies. The global Islamic finance market is projected to reach $6.67 trillion by 2027, and ISLM is well-positioned to benefit from this trend according to market research.

ISLM's recent surge in value highlights the growing demand for halal-certified cryptocurrencies. It is one of the few projects that has gained the attention of Islamic scholars and financial institutions for its commitment to compliance . As the market for halal crypto continues to grow, Islamic Coin may serve as a model for future projects seeking to align with Islamic finance principles according to market insights.

What Are the Key Features of ISLM That Make It Unique?

ISLM is built on the HAQQ blockchain and features a dedicated Sharia board to oversee compliance as documented. This governance model ensures that the project adheres to Islamic ethical standards and avoids interest-based activities according to project details.

The coin is integrated with Islamic banks such as Abu Dhabi Islamic Bank and Dubai Islamic Bank, offering a bridge between traditional Islamic finance and digital assets as reported. These partnerships help establish trust and legitimacy within the Islamic financial community.

ISLM also allows for the automated collection and distribution of zakat, a core Islamic financial practice. This innovation positions ISLM as a model for future Sharia-compliant cryptocurrencies according to project documentation. The broader crypto landscape is evolving to meet the needs of Muslim investors, with innovations such as tokenized sukuk and halal-certified exchanges emerging as noted in industry reports.