Press Release
iChain and ISLAMICOIN Unveil Groundbreaking Islamic Finance Solutions at the Future Blockchain Summit in Dubai
Dubai, October 18, 2023 – The Future Blockchain Summit in Dubai became the epicenter of a financial revolution as iChain and ISLAMICOIN, led by founder and CEO Eng. Jaafar Krayem, unveiled their visionary projects. These projects are poised to redefine Islamic finance by introducing a new era of Shariah-compliant, transparent, and fraud-resistant financial solutions designed to serve Muslims across the globe.
Introduction
In a captivating presentation at the Future Blockchain Summit, Eng. Jaafar Krayem introduced the world to the transformative potential of iChain and ISLAMICOIN. The platforms, underpinned by cutting-edge blockchain technology, promise to reinvent Islamic finance, ensuring strict adherence to Shariah compliance, unmatched transparency, and robust fraud prevention mechanisms.
Mission and Vision
The core mission of iChain and ISLAMICOIN is to reshape the Islamic finance industry by providing efficient, secure, and easily accessible financial solutions to Muslims worldwide. Their vision is to bridge the gap between tradition and innovation, enhancing the financial well-being of individuals while preserving the values of Islamic finance.
Blockchain Technology
iChain has redefined the game with its pioneering use of Consensys permissions for contract deployment. This unique approach restricts contract deployment to network administrators, ensuring utmost security, while allowing anyone to transact and call contracts without the need for special permissions, creating a secure and compliant ecosystem.
Key Projects
iChain and ISLAMICOIN’s portfolio features a series of groundbreaking projects, each addressing a specific need within Islamic finance:
ISLAMICOIN: A halal cryptocurrency designed to meet the unique financial needs of the Muslim community, ensuring adherence to Shariah principles. ISLAMICOIN enables secure and compliant digital transactions.
iChain: A dedicated blockchain platform exclusively focused on halal projects. This platform acts as a catalyst for innovation and development, creating a space for entrepreneurs to bring their halal-centric ideas to life.
iGold: A digital asset backed by physical gold, combining the security of precious metals with the ease and accessibility of digital currency.
iQrad: An innovative Islamic loan solution tailored for small businesses, designed to support their growth and success.
ISLAMIwallet: A unique crypto wallet with a plethora of features. It introduces a “Recovery Wallet” for enhanced security and allows peer-to-peer (P2P) services, making it a versatile tool for those in the Islamic finance sphere.
Addressing Challenges in Islamic Finance
iChain and ISLAMICOIN have made it their priority to address the longstanding challenges of standardization, transparency, and security within Islamic finance. Their innovative approach and utilization of advanced technology have the potential to transform this industry.
Technical Innovations
Eng. Jaafar Krayem highlighted two technical innovations that will significantly impact the Islamic finance landscape:
Raspberry Pi Nodes: iChain and ISLAMICOIN have adopted a forward-thinking approach by deploying nodes on Raspberry Pi, providing an efficient, low-cost, and secure solution that underscores their commitment to innovation.
Mobile Lite Node: A groundbreaking mobile app is in development, capable of running as a lite node to enhance security and accessibility for users. This innovation promises to redefine the Islamic finance experience.
Additionally, this mobile app will utilize Bluetooth technology to efficiently track other lite nodes and securely share data, further enhancing the platform’s functionality.
Market and Competition
In a competitive market, iChain and ISLAMICOIN stand out due to their unique approach to resolving the industry’s longstanding challenges. Their commitment to both tradition and innovation positions them as leaders in Islamic finance transformation.
The Team
A dedicated team of experts in blockchain technology, Islamic finance, and multimedia is the driving force behind the vision and execution of iChain and ISLAMICOIN. Their collective expertise fuels the ambition to reshape Islamic finance fundamentally.
Conclusion and Future Prospects
iChain and ISLAMICOIN are on the brink of revolutionizing Islamic finance. The presentation concluded with an engaging Q&A session where attendees delved deeper into the platforms’ offerings. In closing, iChain and ISLAMICOIN expressed their gratitude and anticipation for future collaborations that hold the potential to reshape the Islamic finance landscape and empower millions of individuals globally.
For media inquiries, please contact: Eng.Jaafar Krayem +961 81 202 297
