HAQQ, a blockchain focused on creating a Shariah-compliant financial system and the home of Islamic Coin, has entered into a partnership with CoinDesk Indices (CDI), a leading provider of cryptocurrency and blockchain data. The collaboration aims to leverage CDI’s expertise in creating benchmarks for exchange-traded financial products and provide access to its API for selected digital assets.
According to the partnership agreement, HAQQ will have access to CDI’s API, allowing it to integrate selected digital assets into its own platform. This move is expected to drive the adoption of Islamic Coin and expand its reach within the global Islamic finance community.
The partnership with CDI also aligns with HAQQ’s goal of establishing a Shariah-compliant financial system. By leveraging CDI’s expertise in creating benchmarks for exchange-traded financial products, HAQQ aims to develop a robust ecosystem that adheres to Islamic principles.
“We are excited to collaborate with CDI and benefit from their expertise in creating benchmarks for digital assets,” said a spokesperson from HAQQ. “This partnership will not only enhance the credibility of Islamic Coin but also provide valuable access to CDI’s API, enabling us to offer a wider range of digital assets on our platform.”
CDI, on the other hand, sees this partnership as an opportunity to expand its presence in the Islamic finance market. By licensing its benchmarks to HAQQ, CDI aims to tap into the growing demand for Shariah-compliant financial products and extend its reach to a wider audience.
“We are delighted to partner with HAQQ and contribute to the development of a Shariah-compliant financial system,” said a representative from CDI. “Through this collaboration, we can leverage our expertise in creating benchmarks for digital assets and support HAQQ in achieving its vision of providing a secure and compliant financial platform for the Islamic finance community.”
The partnership between HAQQ and CDI marks an important milestone in the integration of blockchain technology and Islamic finance. By combining their respective strengths, the two entities aim to create a more inclusive financial ecosystem that caters to the unique needs of the Islamic finance community.
As the world becomes more interconnected and digital assets gain wider acceptance, initiatives like the collaboration between HAQQ and CDI are crucial in ensuring that the Islamic finance sector remains relevant and innovative. With the support of CDI’s benchmarks and access to its API, HAQQ is poised to make significant strides in its mission to establish a Shariah-compliant financial system.
In conclusion, the partnership between HAQQ and CDI represents a significant step towards the integration of blockchain technology and Islamic finance. By leveraging CDI’s expertise in creating benchmarks for digital assets and gaining access to its API, HAQQ aims to develop a robust ecosystem that adheres to Islamic principles. This collaboration not only enhances the credibility of Islamic Coin but also expands the range of digital assets available on HAQQ’s platform, ultimately benefiting the entire Islamic finance community.
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About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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