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Understanding Islamic Digital Assets through HAQQ Network

What are Islamic Digital Assets?

Islamic digital assets are financial products that comply with Shariah, the Islamic legal system. This compliance means the investments must avoid interest (riba), uncertainty (gharar), and sectors like alcohol and gambling. In the digital world, these assets take forms like cryptocurrencies and tokens that adhere to these principles.

Introduction of HAQQ Network

HAQQ Network is a blockchain platform that adheres to Islamic finance principles. It aims to provide a technological foundation where Islamic digital assets can thrive. Blockchain technology, which underpins cryptocurrencies like Bitcoin, offers a secure, transparent way of recording transactions on a distributed ledger.

Gold Token Launch

A significant step for HAQQ in 2024 is launching a Gold Token. This token represents a physical asset (gold) and is compliant with Islamic finance principles, which prefer real economic activity over speculative investments. The Gold Token can be exchanged for actual gold, ensuring that it has tangible value, a critical aspect of Shariah compliance.

Tokenization of Islamic Financial Products

HAQQ plans to tokenize various Islamic financial products, including SUKUK, which are Islamic bonds. Tokenization means converting the rights to an asset into a digital token on a blockchain. This process increases the liquidity (ease of trading) of these products, making them more accessible to a broader range of investors. Moreover, the use of smart contracts — self-executing contracts with the terms directly written into code — ensures compliance with Shariah laws automatically.

Integration with Conventional Financial Systems

HAQQ is also introducing VISA cards tied to its ISLM token, which is another Shariah-compliant digital asset. These cards allow EU residents to engage with digital assets while adhering to Islamic financial laws in their everyday transactions.

Challenges and Achievements

Despite facing regulatory challenges and scrutiny, HAQQ has successfully listed its Islamic Coin (ISLM) on various exchanges, increasing its visibility and credibility in the cryptocurrency market. The network has also launched a non-custodial wallet, which allows users to manage their digital assets securely without intermediaries.


HAQQ Network is at the forefront of blending traditional Islamic finance principles with modern blockchain technology. By creating a system that respects religious principles while embracing technological advances, HAQQ is paving the way for more inclusive financial practices that can appeal to the global Muslim community and ethical investors alike.


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