The so-called “first ethics digital money” Islamic Coin, built in the HAQQ ecosystem, has signed a partnership with The Federation of Muslim Associations of Brazil (Fambras). The alliance is focused on creating an efficient payment system and a sustainable entrepreneurship environment.
With the Fambras-HAQQ partnership, the alliance will focus on creating a sustainable entrepreneurship environment and an efficient system while ensuring to follow Shariah-compliant practices.
Furthermore, the partnership will focus on issuing, maintaining, and validating food certificates, payment settlement, and product tracking using smart GPS QR codes in the HAQQ blockchain.
“It is a pleasure to be able to work together on building a Shariah-inspired framework, together, for the world,” the Fambras President, Dr. Mohammed Alzoghbi, commented.
Highlighting the futuristic goals, the HAQQ Association pinpointed that the along with the many plans, the Islamic Coin will aim to achieve sustainability and build advanced high-tech initiatives across the world.
As one of its goals to achieve sustainability, the co-founder of Islamic Coin, Mohammed AlKaff AlHashmi, introduced the digital asset at the UN COP27 conference.
Moreover, even though Islamic Coin is quite new, Islamic Coin has been recognized by the Royal families and leaders of the UAE. Seated in the Advisory Board, the members of the ruling Royal Family H.E. Sheikh Khalifa Bin Mohammed bin Khalid AL Nahyan, H.H. Sheikh Juma bin Maktoum Al Maktoum, and H.E. Sheikh Mohammad Bin Khalifa Bin Mohammad Bin Khalid Al Nahyan journeys along with Islamic Coin to its path of achieving sustainability.
This June, Islamic Coin got a Fatwa from Muslim authorities and launched a private sale in Dubai.