HAQQ Blog

HAQQ and SmartCredit.io have joined forces to unveil BarakaFi, a decentralized finance (DeFi) platform that redefines peer-to-peer (P2P) financing with a focus on ethics and Sharia compliance. This partnership merges HAQQ’s dedication to providing financial solutions rooted in Islamic principles with SmartCredit.io’s innovation in the DeFi space, addressing key challenges in the evolving world of P2P financing.

HAQQ is thrilled to announce its partnership with the Blockchain Game Alliance (BGA), a global organization dedicated to promoting blockchain within the gaming industry. This collaboration aligns perfectly with HAQQ's vision of driving ethical gaming innovation while serving the unique needs of its global community.

Discover the complex world of cryptocurrency and its compatibility with Islamic principles. Explore the diverse opinions of Shariah scholars, the key factors determining a crypto's halal status, and the role of blockchain technology in Islamic finance. Learn how HAQQ is making it easier for Muslims to navigate this evolving space.

HAQQ partners with Gamee to bring ethical play-to-earn gaming to Muslim and ethics-first web3 users. Gamee will expand its reach to a new community looking for ethical and Sharia-compliant digital engagement.

Discover a holistic, Islamic approach to wealth management that balances ethical earnings, responsible spending, and the power of giving. Learn how to apply three key principles in your financial life to bring barakah, create a thriving community, and live in alignment with Islamic values

HAQQ Network is driving innovation in the Islamic tech space through its partnership with TassbeehBot. This innovative swipe-to-earn Telegram Mini App offers a unique blend of Islamic education, gamification, and financial rewards.

Learn how to transfer your ISLM tokens from centralized exchanges to the HAQQ Network with this easy-to-follow guide. Get step-by-step instructions to unlock on-chain activities and leverage HAQQ's ecosystem. Start using your ISLM on HAQQ today!

Atlas platform enables you to buy secure prepaid Visa, Mastercard, and gift cards with ISLM, usable worldwide both online and in-store. Compatible with mobile wallets for easy access. Read on to discover more and get started in minutes!

HAQQ Network partners with the Indonesian governmental body KNEKS and BUMR to drive technological advancement in Indonesia’s Sharia economy through blockchain solutions.

Discover the transformation of HAQQ Network and ISLM, as we evolve into a leading global financial ecosystem. Embrace our mission to bridge Islamic values with digital innovation, setting the stage for a more inclusive, prosperous financial future powered by Web3 technology.

Join us for an exciting community meetup in Ilorin focused on all things onchain and on-Haqq.

The Quran and the teachings of our Prophet Muhammad (ﷺ) encourage the growth of wealth and emphasize its role in building a strong and sustainable society.

Users in Indonesia can buy, sell, and trade ISLM seamlessly and gain access to the fast-growing HAQQ ecosystem

If you’re looking for a way to stake your ISLM and still use it to perform other DeFi activities within the HAQQ ecosystem, you can simply convert your ISLM to stISLM.

Since launch, HAQQ Network has gained over 5,000,000 accounts, a brilliant achievement that pays testament to the network's vision and continued growth.

This initiative enables ISLM token holders to use their digital assets for everyday transactions, enhancing financial inclusion and the practical value of ISLM tokens, particularly benefiting unbanked populations in Africa, Asia, and Latin America.

This partnership will enable FAMBRAS Halal to issue certificates on the HAQQ blockchain and establish the Global Blockchain Halal Center of Excellence (GBHCOE) to support worldwide halal certification, including trade finance, payments, and investments in Brazilian halal industry projects.

This collaboration will offer custom dashboards for analyzing smart contracts, tracking grant milestones, and increasing transparency, making blockchain data accessible to all users.

We updated our roadmap to ensure we stay on track and continue delivering value to our community. Here's a look at the remarkable achievements from our Q2 2024 roadmap and a glimpse of what's coming next.

This collaboration aims to enhance transparency, efficiency, and inclusivity in the collection and distribution of charitable donations, as well as develop innovative financial solutions such as a Decentralized Identity system, a digital donation platform, and a remittance platform for Hajj and Umrah funds.

Here’s a detailed guide on how to stake ISLM on Stride and provide liquidity using stISLM for boosted yield

This integration allows HAQQ users to stake their ISLM tokens, earn rewards, and retain liquidity by receiving tradable staked tokens (stISLM) for use across various DeFi platforms

The Indonesian Ulema Council (Majelis Ulama Indonesia or MUI), established in 1975, is the highest Islamic authority in Indonesia. The MUI's endorsements are highly influential, given Indonesia's position as the largest Muslim-majority country in the world.

This collaboration will enhance HAQQ's ecosystem by increasing on-chain transactions, expanding ISLM token utility, and attracting a vibrant community of gamers and sports enthusiasts

At HAQQ, we have embarked on a path of continuous improvement, refining the ISLM tokenomics to ensure long-term stability, utility, and growth. This evolution, driven by a series of strategic proposals

Here’s a detailed recap of our community hosted AMA for those who missed it.

This article throws more light on the intersection of these dynamic fields: P2P lending, blockchain technology, and Islamic finance. By exploring how crypto-based P2P lending can be structured within the frameworks of Islamic finance, we can understand the potential for creating Shariah-compliant P2P lending platforms on networks like HAQQ.

This integration eliminates the need for users on HAQQ to manually add IBC channels, enabling seamless multi-hop swaps, transfers, and cross-chain operations through an intuitive interface.

This strategic collaboration aims to enhance TGMP's platform using HAQQ's blockchain technology, making financial services more efficient, transparent, and globally accessible

Therefore, we introduce the United Contributors DAO. All coins distributed to contributors, advisors, assistants, and intermediaries as rewards, as well as all coins held by the founders and the project team (excluding the account from which Haqq Association delegations come to vetted validators), are proposed to be directed to this DAO through a community vote

he integration streamlines token management, enhances interoperability, and introduces new capabilities for dynamic data manipulation, ensuring real-time scrutiny of smart contract functionalities. With liquid staking, auto-compounding, and advanced governance mechanisms

This collaboration aims to solidify HAQQ's position as the onchain hub for ethical gaming and enhance the utility of Islamic Coin (ISLM) within HBA’s gaming environment

DeFi Sukuk takes the core principles of Sukuk and injects them with the capabilities of Decentralized Finance.

HAQQ partners with Jump.Trade to launch Racing Superstar, an innovative racing metaverse game, on the HAQQ Network. This collaboration marks a huge step forward in diversifying the ecosystem while enhancing the utility of the ISLM token

HAQQ partners with Liberty Finance to introduce Firoza Finance, an innovative microfinancing platform aimed at reshaping private credit solutions within DeFi. Firoza Finance bridges traditional finance with decentralized technologies, offering transparent and Shariah-compliant financial services globally

HAQQ Network is a unique blockchain network that is designed to cater to the distinct needs of the global Muslim community. HAQQ Network aims to introduce a variety of financial instruments that comply with Islamic principles.

In this article, we will explore the positive impact of stablecoins in developing economies and how individuals can leverage stablecoins on the HAQQ Network to access halal crypto solutions that address their unique challenges and empower them to thrive in the digital economy

With solutions tailored for transaction monitoring, risk scoring, and compliance tools, Elliptic empowers HAQQ to detect and mitigate financial crime within its ecosystem, ensuring a secure and compliant environment for all participants

Join us for an exclusive Blockchain Yacht Gala, a side event scheduled to take place alongside this year's Token2049 Conference in Dubai on April 17th

This partnership aims to enhance gamer engagement, drive significant network activity, and redefine the gaming experience globally.

HAQQ and Bazaar.Art are embarking on a pioneering journey to establish the first NFT marketplace on the HAQQ Network. This is not just a technological advancement but a testament to our shared values.

HAQQ is joining forces with the creators of the decentralized donation protocol, SOS Chain, to launch HaqqDonate, with the goal of revolutionizing ethical donations using blockchain technology. This strategic partnership is designed to boost the effectiveness and reach of contributions for ethical causes, taking advantage of blockchain’s inherent transparency and swift response features to deliver

HAQQ is thrilled to announce its collaboration with Tarraf & Filhos, aimed at leveraging blockchain technology to transform agri credit markets, ensuring Shariah compliance. This partnership focuses on bringing RWA verification on-chain, tokenizing real-world assets for use as collateral, and exploring co-investment opportunities to empower Brazilian farmers

HAQQ's sponsorship of the innovative project "The Use of Artificial Intelligence for Shari'ah and Islamic Finance Research" underscores its commitment to advancing scholarship in Islamic finance. This collaboration signifies a shared vision to foster excellence and innovation, promising to shape the future of Islamic finance research on a global scale.

Colossus Digital has set up a validator node to further help in improving HAQQ’s security and network availability as HAQQ continues its mission of making web3 available and furtherance of ethical finance

We envision a future where meaningful entertainment seamlessly aligns with values, and halal games play a crucial role in making this vision a reality.

HAQQ Social Login presents a cutting-edge solution crafted to mitigate the potential loss of a user’s mnemonic phrase, all while maintaining an extra layer of security. Leveraging the robust Shamir’s Secret Sharing (SSS) scheme, the user’s confidential information is intelligently divided into three components: Social Share, Local Device Share and User Cloud Share

This collaboration is aimed at improving the distribution and accessibility of halal meat throughout the United States. By joining forces with GoMeat, we are seamlessly meshing advanced technology with core community values, ensuring better access to quality halal products.

This collaboration brings exclusive game deployment to HAQQ in key regions, integrating on-chain assets and transactions while utilizing HAQQ's blockchain and proprietary non-custodial wallet.

Here's a concise update to keep you in the loop regarding our recent developments in ISLM’s staking economy and the important numbers to keep track of

We are excited to announce the integration of ISLM with TokenPocket, a renowned multi-chain self-custodial wallet. This represents a substantial leap in our mission to provide a comprehensive and Shariah-compliant financial tool to the global community.

We are excited to announce that it is now possible to bridge your USDC directly from Ethereum Mainnet and 50+ chains to HAQQ and vice versa via Axelar Satellite

Utilizing deep tech and AI, the collaboration aims to serve the needs of a global Muslim population of 1.9 billion, who are interested in both emerging technologies and ethical finance. The alliance sets a practical course for integrating ethics into new technological developments.

Islamic Coin remains unyielding in its dedication to its mission and its community. We are committed to addressing any and all regulatory inquiries with transparency and determination. Our community can rest assured that we are navigating these inquiries with the utmost professionalism and care.

In this piece, we'll unravel the multifaceted role of the ISLM token within the HAQQ Network, detailing its utility, value, and unique proposition in bridging age-old financial principles with today's decentralized digital landscape.

This integration will help us reward the most engaged members of our community. In addition, projects building on top of HAQQ will be able to natively conduct campaigns on Galxe and benefit from the ecosystem network effect, along with co-marketing and business development initiatives

In the early stages, Haqq Labs will meticulously select projects on a case-by-case basis, emphasizing quality over quantity. Our prime focus will remain on curating exceptional projects that synergize with our ethos and offer substantial value to the ecosystem.

We are set to collaborate with young and aspiring developers from top-tier universities in Kenya, fostering innovation and nurturing the next generation of tech enthusiasts.

Dive into the various facets of the ISLM token's tokenomics, including its unique features and benefits that set it apart from existing financial instruments

With Yieldmos integration, HAQQ ecosystem users can earn autocompounded yields all while still adhering to Islamic finance principles.

This blog will spotlight partners and builders leveraging the HAQQ tech stack to serve their growing user base.

We are thrilled to announce the release of our further updated Islamic Coin Whitepaper.

HAQQ is thrilled to announce a strategic partnership with Thea Carbon, making Thea the exclusive provider of Carbon offsetting infrastructure to the Islamic Coin ecosystem and the preferred sustainability partner to Evergreen DAO.

HAQQ’s alliance with SingularityNET merges ethical finance and AI innovation. Together, they'll democratize AI, streamline its integration, and empower users and developers with ethical, AI-driven financial tools.

HAQQ steps into this space, aiming to bridge the gap by intertwining immersive gaming with the tenets of Shariah compliance.

This partnership enables GMO Coin to utilize its extensive technical expertise to establish and maintain a robust, highly available infrastructure on blockchains.

Through Halaltainment, HAQQ ensures that in-game transactions and revenue generation adhere to ethical financial principles, promoting fairness and transparency.

HAQQ is delighted to announce a significant partnership with [P2P.org](https://p2p.org/), a leading company providing validator services in the blockchain space. This collaboration aims to build an advanced Graph service that will enhance the decentralized trading functionality on our blockchain, an essential component of our SushiSwap integration on HAQQ.

HAQQ joins forces with Allnodes, leveraging optimized infrastructure and user-friendly node management tools. Together, we're making strides towards a decentralized financial future that is both Shariah-compliant and inclusive.

Partnership aimed at bringing over one million Holiday Swap members to the blockchain network in a smooth and seamless transition.

A blend of features has underpinned the expansion and resilience of Islamic finance, fostering an industry that has grown at an annual rate of 10-12%, with its Sharia-compliant assets currently estimated at just over $1.5 trillion.

HAQQ Wallet acts as your portal to the realm of Islamic Decentralized Finance (DeFi). By fusing tradition and technology, the HAQQ Wallet offers a compelling solution for individuals eager to engage with financial instruments in accordance with the principles of Islamic finance.

HAQQ and Brighty are partnering to expand into the Islamic Finance market and the broader ethical finance sector. Brighty will offer accounts in Islamic Coin and staking mechanics, allowing users to transact in Shariah-compliant crypto tokens. This collaboration aims to make decentralized finance (DeFi) more accessible and inclusive, contributing to a more ethical financial future. Stay tuned for more updates.

With this integration, you can now delegate your ISLM tokens to any validator on the HAQQ network directly through REStake.app. The platform provides a comprehensive overview of all validators, allowing you to make an informed decision about where to delegate your tokens.

Soulbound Tokens (SBTs) — are digital identity tokens that represent the certificates, features, and achievements that make up a person or entity represented by wallet/address. SBTs are issued and represent blockchain accounts or wallets and cannot be transferred but possibly revocable by the issuer.

Integrating blockchain technology into our daily lives brings significant challenges and risks, especially when it comes to storing private keys, mnemonic phrases, and seed phrases. Recent unfortunate incidents such as the FTX exchange collapse and Mt. Gox hacking underline the dangers of entrusting your keys to centralized services. In these times, it is critical to steer clear of storing assets on centralized exchanges. While hardware cold wallets like Ledger and Trezor have been considered secure non-custodial asset management solutions, recent events have highlighted their potential vulnerabilities. Even these devices are not immune to threats, as manufacturers can access private keys upon request, and there have been confirmed cases of hacking. These incidents remind us that security in digital assets is paramount.

We are pleased to announce a strategic partnership between HAQQ Network and Tatum, a renowned blockchain infrastructure provider. This collaboration forms a significant step forward in our commitment to enabling businesses to build on multiple blockchains with ease and efficiency.

HAQQ emerges as a pioneering network that combines blockchain technology with the time-honored principles of Islamic finance. By leveraging the transparency and security of the blockchain and integrating it with the ethical foundation of Islamic finance, HAQQ aims to revolutionize the financial ecosystem.

We are excited to announce the development of HaqqPad, the premier launchpad for ethical projects and startups. This new project underscores our commitment to nurturing innovation and facilitating growth within the Islamic and ethical finance landscape. HaqqPad will be a vital part of the HAQQ ecosystem. It will offer a reliable platform for innovative blockchain projects to launch, grow and positively impact their community.

Amid surging DeFi adoption, enabling seamless value transfer between blockchains is vital for an efficient, interconnected web3 ecosystem. As the leading Shariah-compliant ecosystem, HAQQ - a scalable and interoperable L1 with instant finality is committed to ethical finance and sustainable investing practices. We're excited to announce our upcoming integration with Axelar network, a cutting-edge platform that delivers secure interchain communication and powers the interchain future. This collaboration aims to enhance the adoption of Islamic Coin (ISLM), the native token of the HAQQ Network, bring USDC and drive liquidity into the HAQQ ecosystem, and potentially boost the adoption of our Sharia-compliant gold-backed tokens. Continue reading for the specifics and details about the benefits of this integration for our community.

We are thrilled to announce the release of our much-anticipated HAQQ Network Whitepaper v2. This comprehensive document is a testament to our commitment to innovation, community impact, and adherence to the principles of Islamic finance.

To maximize the penetration of Web 3 and cryptotechnologies into everyday life, it is necessary to achieve the same simplicity and convenience in registering and working with wallets obtainable within the web 2 sector

The Shariah Oracle is an on-chain registry of Halal Certificates. It serves as an on-chain mechanism controlling a whitelist of smart contracts allowing for interaction (signing and listing in the in-app marketplace) through the HAQQ Wallet. The Shariah Oracle not only ensures that users interact only with whitelisted, Sharia-compliant dApps, but it also provides smart contract developers and web2 businesses a way to prove their ethical relevance to Muslim users by listing their products and services on the HAQQ Wallet.

A strategic partnership between haqq.hetwork and sushi.com set the stage for the global Muslim community and ethical finance enthusiasts to access enhanced DeFi services. This collaboration will position Sushi.com as an initial decentralized exchange (DEX) for HAQQ and Islamic Coin users in the near future.