ISLAMIwallet: A halal-only crypto wallet and the first recovery wallet in the world

ISLAMIC COINthe leading global project in cryptocurrency and blockchain technology, announced the completion of its second project on the roadmap, ISLAMIwallet, to be the first Halal only crypto wallet with special unique features available exclusively to its holders.

Working under the Islamic Sharia rules and regulations, ISLAMIwallet will provide you with maximum security and safety according to the latest technologies.

In addition to being a halal currency storage platform, one of the main features of ISLAMIwallet is to be the only wallet in the world that has a recovery wallet that protects the loss of locked currencies and contracts in case of theft, loss of password, or death of the owner.

On Wednesday 10 August 2022, ISLAMICOIN founder Eng. Jaafar Krayem announced the launch of ISLAMIwallet, stating that “The ISLAMIwallet project was achieved according to the roadmap in the third quarter of the year. ISLAMIwallet, with its first version, will provide several benefits to its users, starting with being a digital wallet on Blockchain, in addition to being a base for the rest of the ISLAMICOIN projects”.

What is ISLAMIwallet?

According to the developers, ISLAMIwallet is a crypto wallet that intends to operate according to Sharia laws and regulations. You can send, receive and store ISLAMICOIN, Bitcoin and other Halal cryptocurrencies including NFTs.

Using the ISLAMIwallet mobile app will provide you maximum safety and security according to the latest technologies. However, you will always need to keep the passphrase out of foreign hands, and that includes your email. ISLAMIwallet will prevent adding any custom token and users can request to add an unlisted token if it is classified as Halal project.

ISLAMIwallet will start with version Zero (0) because counting starts from Zero and the first index is always Zero (0). In addition, ISLAMIwallet will be the holder of all projects run by ISLAMICOIN. Users will have one place to explore all projects and take advantage of all the tools that will be supported in the application.

In terms of special features and services, ISLAMIwallet has a long list, currently two of the most requested services will be provided, one of them, The Recovery Wallet is a service exclusive to ISLAMIwallet, and does not exist in any other wallet in the world.

This service will have an optional feature that will ask the user if he wants to add a recovery wallet when he/she locks tokens. This feature will first be available for the ISLAMI token and will later support all halal tokens on the Polygon POS chain. The recovery wallet can be for a family member or friend. Investors should lock their tokens in a special smart contract to take advantage of this feature. Users can take advantage of the recovery wallet in case they lose their wallet or passphrase, in this case the recovery wallet will be able to withdraw tokens after the period of lock time has passed.

Another possibility to take advantage of is that if the user’s wallet is hacked, he will have the option to make an emergency withdrawal to his recovery wallet.

And finally, if the user went away, the owner of the recovery wallet can claim the locked amount, considering that the duration of the lock is over.

Note that the recovery wallet claim and emergency withdrawal fees will be paid in ISLAMI.

Another service will also be featured in this version Zero, where the developers introduced a special voting system that will allow investors who lock tokens for more than 30 days to vote on specific decisions and projects that will be used by ISLAMICOIN. Voters can vote without paying any additional fees because the service is completely free. Investors have the option to donate to Bayt Al-Mal, also an ISLAMICOIN charity work project, while voting.

Additional services include, but are not limited to, direct access to the Crypto Halal tool with the ability to subscribe with ISLAMICOIN and benefit from a special discount, P2P Trading, Zakat calculator depending on balance and transactions (This feature will be audited by certified zakat offices). Users will have the option to pay zakat directly to any certified entity.

ISLAMIwallet will develop an ecosystem that will manage and control zakat distribution and display all balances and transactions made on the Zakat smart contract. At a later date, the door will be open for any certified zakat collector to register their wallet to the ecosystem and receive payments directly to their ISLAMIwallet vault.

An NFT marketplace will allow users to upload their NFTs and sell them after being approved to be Shariah compliant. Users will sell their NFTs using ISLAMICOIN as currency, ISLAMIwallet will charge low fees on this feature to encourage Muslim youth to share their art and add value to the community.

The services will be provided through updated versions of the application, it is worth mentioning that the ISLAMICOIN team had taken into account the expectations and demands of the community when developing the ISLAMIwallet, achieved with the help of MetaIdentitywhich specializes in providing blockchain services, and GoSmart solutionswho worked on the interface and design of ISLAMIwallet.

The future of ISLAMICOIN will witness several projects, including ISLAMIBLOCKCHAIN, ISLAMIll, which will be an online marketplace for the exchange and sale of Halal goods, using cryptocurrency, and ISLAMIgame, which will present games full of adventure, educational and safe for children , ISLAMImetaverse and others.

Noting that ISLAMedia the first project from ISLAMICOIN was successfully launched and actively offers hundreds of hours of Muslim and family themed programs, and a regional office under the name of Islami Blockchain Technology (IBT) was recently opened in Dubai Silicon Oasis.

ISLAMIwallet is available for download on Play Store and Android. ISLAMICOIN’s complete project and roadmap can be found on their website: www.islamicoin.finance.

Disclaimer: This is a paid post and should not be treated as news/advice.

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