QIN is the governance token of Qintar Crosschain Islamic Finance DeFi Ecosystem. Qintar Crosschain Platform is a feature-filled ecosystem with advanced tools ranging from decentralized lending and staking platform operating under the financial rules of Islamic Banking.
The total supply of QIN token is capped at 1'000'000'000 QIN. The smart contract is available at: https://etherscan.io/token/0x34b9ea4b9d6776db6efcedaf03ae3e290a2661d2
1. Private Sale
More and more banks in the Muslim world — a community of nearly 2 billion people worldwide- are adopting blockchain technology and cryptocurrencies. In early 2016, major Islamic banks such as ICICI Bank and Emirates NBD began looking for blockchain capabilities to reduce transaction costs, according to (Coindesk, 2017). The UAE Islamic Emirates became the first Islamic bank to use blockchain technology in order to prevent fraud. …
Islamic Finance DeFi’s objective is to bring Shariah-compliant solutions to the DeFi ecosystem to provide a reliable and transparent platform for the Muslim World in order to help them benefit from this emerging financial evolution. Furthermore, propose Shariah financial solutions to the non-Islamic societies. Shariah financial solutions, focusing on the financial health of society as a whole and working around aggressive derivatives and unsteady high interest rate loans, offer a more stable and less volatile products for the benefit of non-Islamic societies. We propose to create alternative and divergent revenue methods compliant with the Islamic Financial thought.
One key variation…
We are convinced that the future will be a multi-chain one as applications start to spread across multiple blockchains. Many users and apps will be coming from Ethereum and for this reason we created Qintar.
Qintar is built on Ethereum and Polkadot blockchain and operates under the code of conduct borrowed from the Islamic Finance.
Purpose of Islamic Finance
Islamic Finance was made to make Muslim’s community better-off. We want to take Muslims from being among the poorest in society to the richest. …
It’s a way to manage money and do business that fits with the moral principles of Islam.
To be more precise, Islamic finance is a type of financing activities that must comply with Sharia (Islamic Law). The concept can also refer to the investments that are permissible under Sharia. (Islamic Law).
Therefore, we have sought to find a way for those who live by Islamic principles to join Islamic banking to help them trading in their own principles.
Aside from the absence of interest rates, the key concept of Islamic finance is risk sharing between parties in all operations. Here…
Qintar is redefining DeFi by building a crosschain decentralized Islamic financial ecosystem for the purpose of building a new world of socially responsible economy with decreasing income gap. Qintar is comprised of decentralized Islamic Finance applications built on Polkadot and Moonbeam.
Qintar operates under the code of conduct borrowed from the theory of Islamic Finance, which in essence means fair access to financial opportunities for everyone with equal share of risk and gains.
Qintar Crosschain Platform is a feature-filled ecosystem with advanced tools ranging from decentralized lending and staking platform. …