Its decentralized nature holds no issue of authority for Zakat and its transaction.
Because of the decentralized nature of blockchain, all transactions can be transparently viewed by either having a personal node or by using blockchain explorers that allow anyone to see transactions occurring live.
FREEDOM OF CHOICE
Donors have freedom to allocate their resources as they see fit, among the options that are available to them.
FREQUENTLY ASKED QUESTIONS
WHAT IS DIFFERENT IN $ISLM?
The biggest suspicion when it comes to giving that it is not possible to be sure that the money invested will reach the real needy. Unlike other donation sites, $ISLM works without third parties. We enable you to evaluate charity work yourself and donate the amount you want safely to the project you see fit.
WHY DONATE WITH $ISLM?
Cryptocurrency is a digital asset designed to function as an alternative to sovereign fiat currency. Most people think of Bitcoin when they hear the word “Crypto,” and while Bitcoin is the original cryptocurrency and most widely followed, there are a number of cryptocurrencies currently available.
It is absolutely safe and secure to donate. We apply the highest available security to our transactions.
IS CRYPTOCURRENCY PERMISSIBLE?
According to IslamWeb, cryptocurrencies take the ruling of fiat currencies, and are therefore subject to the laws of Zakat and interest.
IS CRYPTOCURRENCY ANONYMOUS?
Donors can send funds without providing their personal details.
WHICH CRYPTOCURRENCY IS ALLOWED FOR GIVING ON ISLMCOIN.COM?
You will use the halal coin $ISLM while making your donations.
CAN I USE $ISLM FOR OTHER PURPOSES?
Currently, $ISLM coin is only valid to use in islmcoin.com. Although $ISLM coin can also be used to trade on cryptocurrency exchanges.
I HAVE PURCHASED $ISLM. HOW CAN I GIVE ZAKAT NOW?
Wallet IDs are provided within campaign details. You can send $ISLM through your wallet to the other wallet by using this ID. This smart contract will be implemented at Q3 2021.
PETITION FOR A NEW CAMPAIGN
Fill in your campaign information here.