Dubai | HAQQ Association is proud to announce a strategic partnership with the Komite Nasional Ekonomi dan Keuangan Syariah (KNEKS) and PT BUMR Industri Terhubung Indonesia to drive significant growth and tech advancement in Indonesia’s Shariah economy.
This collaboration seeks to harness blockchain technology and Shariah-compliant financial services to unlock new opportunities for businesses, investors, and communities across Indonesia.
KNEKS, an Indonesian government-established body, is dedicated to accelerating the development of the Shariah financial sector to bolster national economic growth. Their involvement ensures alignment with Indonesia’s national priorities and the needs of its people.
”As a leading player in the local market, PT BUMR brings extensive expertise in Shariah-compliant business practices and a deep understanding of Indonesia’s unique economic dynamics,” said Alex Malkov, co-founder of HAQQ Network.
“Providing the technological backbone, HAQQ delivers blockchain solutions designed to enhance transparency, security, and accessibility in financial services, promoting Shariah-compliant practices both on-chain and in the real world.”
The partnership aims to make Shariah-compliant financial solutions more accessible and efficient through the integration of advanced blockchain technology. Local entrepreneurs, small businesses, and individuals will benefit from secure, transparent, and values-driven financial products that align with Islamic principles.
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Specifically, the growth of the HAQQ Network will support the agriculture and fisheries sectors and provide them with a Web3 platform for operations.
These stakeholders will gain access to Shariah-compliant financial services on the HAQQ Network, facilitating greater inclusion and empowerment.
The partnership has the potential to make a profound impact on Indonesia’s economy through tapping into a market valued at $1.31 trillion and aligning with government spending that fuels various sectors.
The collaboration with KNEKS and PT BUMR opens doors for transitioning significant portions of the traditional economy into the Web3 space, promoting innovation while adhering to Islamic values.
Also, this collaboration represents a fusion of technology and tradition, setting a new standard for how innovative solutions can drive ethical and sustainable growth.
This partnership lays the groundwork for a more resilient and inclusive economic future that honors the principles of Indonesia’s Shariah economy. It protects intellectual property, promotes tech advancement, and empowers businesses.
On-chain tools such as Firoza Finance, BarakaFi, HAQQ’s P2P Platform, Atlas, and $DEEN, a gold-backed token, will serve as cornerstones for integrating relevant parties and economies. These platforms will facilitate the seamless integration of Shariah-compliant financial services, marking significant progress toward the full deployment of the HAQQ Network.
HAQQ Association also invites passionate builders and developers to join its ecosystem. With a $40 million ecosystem fund, HAQQ offers hands-on support and funding opportunities for those interested in shaping the future of ethical finance.
HAQQ Network offers an innovative approach to blockchain technology, integrating the principles of Islamic finance into a state-of-the-art financial framework.
As an EVM-equivalent chain based on the Cosmos SDK, HAQQ facilitates the deployment of smart contracts from other EVM chains without any modifications. The network emphasizes ethical, Shariah-compliant finance, prohibiting interest-based transactions and promoting risk-sharing and ethical investing.
HAQQ features its native digital currency, Islamic Coin (ISLM), and a unique tokenomics structure called “Century Coinomics,” which ensures sustainable emission over a century.
The Evergreen DAO, governed by the community, supports initiatives beneficial to the Islamic community, aligning financial activities with ethical principles and societal well-being.
Published for InPut PR
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