ISLM is a Digital currency for Zakat. Giving is a gift for charity, humanitarian aid, or to benefit a cause. Zakat, in Islam, is a form of almsgiving to the Muslim Ummah treated in Islam as a religious obligation or tax, which, by Quranic ranking, is next after prayer (salat) in importance. Zakat is considered part of the covenant between God and a Muslim. Zakat on wealth is based on the value of all of one's possessions, customarily 1/40. islmcoin.com is created for Muslims to fulfill their religious duties. It ensures Zakat reaches to needy and eliminates the institutions in-between. Peer-to-peer islmcoin.com does not require any involvement of a third party within its processes. Its decentralized nature holds no issue of authority for Zakat and its transaction. With islmcoin.com, you can make sure that your Zakat reaches the person in need and your religious obligation is completed. Transparency 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. Each node has its own copy of the chain that gets updated as fresh blocks are confirmed and added. This means that if you wanted to, you could track your coin wherever it goes. Freedom of choice Donors have the freedom to allocate their resources as they see fit, among the options that are available to them. Our mission is to provide donors with different possibilities and make sure donations arrive. The charity owners are obliged to provide the information that the donors will believe.
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