Ummah Coin

Executive Summary

Ummah Coin ($ISLAM) represents a paradigm shift in Islamic finance, merging blockchain technology with Shariah-compliant principles to create a transparent, decentralized financial ecosystem serving the global Muslim community of 2+ billion people.

Built on the principles of Waqf (endowment), Sadaqah (charity), and Shura (consultation), Ummah Coin provides a modern solution to age-old Islamic economic principles while maintaining complete Shariah compliance.

Vision & Mission

Vision

To establish the world's first truly decentralized, Shariah-compliant financial ecosystem that empowers Muslims worldwide to transact, save, and contribute to charitable causes without compromising their religious values.

Mission

• → Eliminate Riba (usury) and Gharar (excessive uncertainty) from digital transactions
• → Create transparent, blockchain-verified charitable giving infrastructure
• → Enable affordable Hajj pilgrimage through community-funded sponsorships
• → Build decentralized governance based on Islamic Shura principles
• → Foster economic unity across the global Ummah

Token Economics

Token Distribution

• → 40% - Public Sale: Fair launch with anti-whale mechanics
• → 25% - Hajj Aid Fund: Multi-sig treasury for pilgrimage sponsorships
• → 15% - Liquidity Pool: Ensuring stable trading and minimal slippage
• → 10% - Development: Team allocation with 4-year vesting
• → 10% - Community Rewards: Staking and governance incentives

Transaction Mechanics

Each transaction is subject to a 10% fee structure designed to sustain the ecosystem:

• → 5% - Hajj Aid Fund: Automatically allocated to charitable treasury
• → 3% - Liquidity: Auto-added to liquidity pools for price stability
• → 2% - Holder Rewards: Distributed proportionally to all holders

Hajj Aid Program

The cornerstone of Ummah Coin's social mission is making Hajj accessible to deserving Muslims who cannot afford the pilgrimage.

Selection Process

• → Community-submitted applications reviewed transparently
• → Priority given to elderly and first-time pilgrims
• → Income verification and background checks
• → DAO governance voting for final beneficiary selection

Fund Management

• → Multi-signature wallet requiring 5/7 signatures for disbursement
• → Monthly transparency reports published on-chain
• → All transactions publicly auditable via blockchain explorer
• → Independent third-party audits conducted quarterly

Governance Model

Inspired by the Islamic principle of Shura (mutual consultation), Ummah Coin implements a decentralized autonomous organization (DAO) where token holders participate in key decisions.

Voting Rights

• → One token = one vote on governance proposals
• → Proposals require 10,000 $ISLAM to submit
• → Quorum of 30% total supply for proposal passage
• → 7-day voting period for standard proposals

Shariah Oversight

All governance decisions are subject to review by our Shariah Advisory Board, ensuring compliance with Islamic law. Any proposal that violates Shariah principles will be vetoed, regardless of vote outcome.

Technical Architecture

Smart Contract Security

• → Audited by CertiK and Halborn security firms
• → Multi-signature wallet protection
• → Time-locked administrative functions
• → Upgradeable via DAO governance only

Blockchain Selection

Deployed on Ethereum Mainnet for maximum security and decentralization, with plans for Layer 2 scaling solutions to reduce transaction costs for the community.

Oracle Integration

Chainlink oracles provide reliable price feeds and external data verification, crucial for maintaining transparency in charitable distributions.

Roadmap

Risk Factors