Share this article
BTC
$83,306.04
+
3.09%ETH
$1,566.35
+
1.06%USDT
$0.9995
+
0.03%XRP
$2.0356
+
1.44%BNB
$586.65
+
1.22%SOL
$122.65
+
5.52%USDC
$1.0000
+
0.01%DOGE
$0.1615
+
2.73%TRX
$0.2450
+
4.19%ADA
$0.6264
-
0.44%LEO
$9.3499
-
0.69%LINK
$12.65
+
1.86%AVAX
$19.16
+
3.42%XLM
$0.2352
+
0.53%SHIB
$0.0₄1224
+
2.25%TON
$2.8888
-
0.70%SUI
$2.1898
+
0.49%HBAR
$0.1666
-
3.46%BCH
$315.41
+
6.44%OM
$6.4111
-
0.59%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Islamic Coin in Pact With CoinDesk Indices to Discuss Sharia-Compliant Benchmarks
Islamic Coin is the native currency of HAQQ, a blockchain focused on developing a Shariah-compliant financial ecosystem.
Islamic Coin has entered into a memorandum of understanding with CoinDesk Indices to discuss building Shariah-compliant crypto benchmarks for the Middle East and North Africa markets.
Another aim of the partnership is licensing CoinDesk Indices benchmarks for exchange-traded financial products. Also, HAQQ – a blockchain focused on creating a Shariah-compliant financial system and the home of Islamic Coin – will get access to CDI's API for selected digital assets, including for its digital asset exchange.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"With the global Islamic finance market forecasted to surpass $3.69 trillion by 2024, this collaboration is poised to reshape the landscape of Shariah-compliant digital financial services," said Mohammed AlKaff AlHashmi, founder of Islamic Coin.
CoinDesk Indices is a subsidiary of CoinDesk.
Stephen Alpher
Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
