UAE Business: Islamic Coin gains Fatwa from leading global Muslim scholars – Gulf Digital News

UAE Business: Islamic Coin gains Fatwa from leading global Muslim scholars – Gulf Digital News

Islamic Coin (ISLM), the Shariah-compliant digital currency has gained a Fatwa (legal ruling or endosrsement) issued by the world's leading Muslim authorities.

The edict was led by Sheikh Dr Nizam Mohammed Saleh Yaquby, recognised as 'The Gatekeeper' of the $2 trillion market for Islamic financial products.

Entrusted with building the autonomous, immutable independent financial system is Islamic Coin's Management Board, tasked with overseeing the development of the ISLM coin and its Haqq blockchain.

Leading figures

The award-winning team boasts leading figures in both Islamic and traditional Finance and wields global influence. The list features Islamic Banker of the Year Hussein Mohammed Al Meeza, a 27-year veteran and key figure of Dubai Islamic Bank, the first fully fledged, Shariah Compliant financial institution in the world. As Founding Member of Emaar Properties and Board Member of the General Council of Islamic Banks and Financial Institutions, Al Meeza is one of the leading authorities in Shariah and traditional banking in the Middle East.

Islamic Coin's influential who-is-who also includes Peter Rafferty, with a track record spanning the $600 billion portfolio of the Abu Dhabi Investment Authority as well as leadership roles in the US Chamber of Commerce.

Proof-of-stake mining

Islamic Coin, the native currency of the Haqq Blockchain received the