Is there an Islamic cryptocurrency?

Islamic coin is specifically designed to align with the principles of Islamic finance. This means that it complies with the rules and regulations governing financial transactions and exchanges as outlined in Islamic law.

Islamic cryptocurrency, also known as Islamic coin, emerged in the latter half of the 2010s. This development was fueled by the increasing demand for Sharia-compliant digital assets among the Islamic community.

One of the key features of Islamic coin is its avoidance of interest-based transactions. This is in line with the Islamic principle of riba, which prohibits the charging of interest on loans.

Islamic coin also adheres to the principle of risk-sharing. This is achieved through the use of innovative financial instruments that distribute profits and losses among investors in a fair and transparent manner.

BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the needs of Islamic coin investors. These services include spot and futures trading, as well as a secure wallet for storing digital assets.