The First Islamic Coin: A New Era of Ethical Digital Finance

The First Islamic Coin: A New Era of Ethical Digital Finance

CAIZ
CryptoFinanceIslamic Finance
February 25, 2025
The First Islamic Coin

The Need for an Islamic Coin

For centuries, finance has been shaped by systems that often prioritize profit over ethics. While digital assets revolutionized financial accessibility, they largely failed to cater to faith-based financial principles—especially in the Islamic world. This gap left millions of Muslims and ethical investors without a truly compliant solution in the Web3 space.

This is where Caiz emerged—not just as another cryptocurrency but as a pioneering force in Fiqh-compliant digital finance.

The Challenge with Traditional Digital Currencies

Most cryptocurrencies are built with decentralization and financial freedom in mind. However, they often overlook key ethical principles, such as:

  • Interest (Riba): Many crypto projects generate passive income through staking and lending with interest, which contradicts Islamic finance.
  • Speculation (Gharar): High-risk, highly volatile trading practices and derivatives introduce excessive uncertainty.
  • Unethical Ventures: Many projects fund or facilitate activities considered impermissible in Islamic law, such as gambling or alcohol-related investments.

As a result, ethical investors and Muslim communities have been left to choose between financial innovation and religious compliance—until now.

How Caiz Became the First True Islamic Coin

Caiz was founded to bridge the gap between modern blockchain technology and Islamic finance. Unlike other digital assets that claim compliance, Caiz was built from the ground up with ethical integrity at its core.

Here’s what makes Caiz the first truly Fiqh-compliant coin:

1. Compliance with Islamic Finance

Caiz is developed in accordance with Islamic Federated Byzantine Agreement (IFBA), a governance model ensuring that every transaction adheres to Islamic financial ethics. Unlike most cryptocurrencies, Caiz is free from interest, excessive speculation, and investments in impermissible industries.

2. A Permissioned Yet Decentralized Model

Unlike fully open blockchain networks that allow unrestricted activities, Caiz operates on a regulated hybrid blockchain. It balances the transparency of decentralization with governance safeguards to maintain Fiqh compliance.

3. Transparent and Secure Transactions

With immutable blockchain records, every transaction made using Caiz is fully auditable and transparent. This builds trust among users while ensuring accountability.

4. Ethical Financial Inclusion

Millions of people remain unbanked due to financial barriers or distrust in conventional banking. Caiz offers a secure, low-cost, and accessible alternative, empowering users worldwide with financial freedom without compromise.

The Unique Advantages of Caiz

By integrating blockchain technology with Islamic finance, Caiz offers distinct benefits that set it apart from other cryptocurrencies:

  • Sharia-Compliant Transactions

All transactions on the Caiz network are verified to ensure they align with Islamic financial principles, avoiding interest-based earnings and excessive speculation.

  • Low-Cost and Fast Transfers

Traditional banking systems and even some crypto networks charge high transaction fees and impose long processing times. Caiz enables instant, low-cost transactions, making cross-border payments accessible for everyone.

  • Financial Inclusion for All

Caiz is designed to serve not only the Muslim community but also anyone seeking ethical and transparent financial solutions—especially those excluded from traditional banking systems.

  • User-Centric Design

Unlike complex DeFi (Decentralized Finance) platforms that require deep technical knowledge, Caiz prioritizes ease of use. Whether you’re a seasoned investor or new to digital finance, Caiz offers an intuitive and seamless experience.

  • Decentralized Governance with Ethical Oversight

Unlike centralized financial institutions, Caiz operates on a permissioned yet decentralized governance model. This means that decisions are community-driven but safeguarded to ensure compliance with Fiqh principles.

The Future of Ethical Blockchain Finance

Caiz isn’t just another cryptocurrency—it’s a movement towards ethical financial innovation. It proves that transparency, inclusivity, and modern technology can coexist with faith-based values.

As global demand for ethical finance grows, Caiz is leading the way in shaping a new era of financial empowerment—one that upholds integrity, trust, and fairness.

Final Thoughts

In a financial world often driven by speculation and unchecked risk, Caiz stands as a beacon of trust, security, and ethical progress. As the first true Islamic coin, it offers a revolutionary alternative for those seeking financial freedom without ethical compromise.

Ready to be part of the ethical finance revolution?

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      [embedpress]https://www.youtube.com/watch?v=oCHzocLbXyY[/embedpress]

      IFBA Blockchain

      The Islamic Federated Byzantine Agreement (IFBA) has three main innovations over FBA, which provides optimal resilience in decision-making, improves transparency, increases the costs for malfunctioning and ill-behaving nodes, and ensures the blockchain is Fiqh compliant. These innovations ensure the nodes in the network of the CAIZchain can always reach consensus, meaning the blockchain will never stop running.

      The three innovations are:

      I. Introduction of Islamic Supervisory Nodes
      Special type of node which is run by Islamic scholars who are respected leaders in the community

      II. Verified, Public Nodes
      Individuals and organizations must pass identity and compliance verification in order to join the CAIZchain network.

      III. Caiz Consensus Protocol
      It is used by nodes in the network to ensure the validity and Fiqh compliance of statements or ledger updates.

      [embedpress]https://www.youtube.com/watch?v=825NHvXTJjI[/embedpress]

      DeCe by Caiz

      We developed and introduced a new financial architecture that combines the advantages of decentralized (De) and centralized (Ce) systems, giving rise to the distinctive DeCe acronym. Our mission is to secure a safe and inclusive environment that allows our community to capitalize on the opportunities provided by new digital systems. We can offer lower fees and a faster and more transparent framework based on high moral principles by balancing operations and instruments. Importantly, our users always maintain complete ownership and control over their data, deciding what to disclose and when.

      The benefits of our integrated system are self-evident: a more streamlined and efficient financial system that empowers both individuals and enterprises. But that's not all. CAIZ is at the forefront of this exciting transformation as the digital shift toward decentralized systems creates new resources and opportunities. We want to be equipped for the next stage of the global economy.

      [embedpress]https://www.youtube.com/watch?v=5GxItTvSekI[/embedpress]

      Our moral compass

      Our name, CAIZ (jāʾiz), represents our commitment to preserving the values of lawfulness, trustworthiness, and legitimacy in all that we do. We prioritize inclusion, justice, safety, and philanthropy by adhering to Fiqh-compliant financial principles. A Fiqh-compliant financial model is centered on principles such as the prohibition of Riba (interest), asset-backed transactions, and limits on funding Haram (banned) ventures. This approach is decisively different from traditional financial systems and provides countless benefits to investors.

      First and foremost, a Fiqh-compliant financial model protects investors and their assets. Unlike traditional interest rates, a Fiqh-compliant structure allows for equity participation, with investors sharing risks and gains. Likewise, a Fiqh-compliant system emphasizes equity and places itself on parity with investors. Activity screenings are built on clear principles that prioritize social utility rather than solely focusing on profit potential. A Fiqh-compliant financial model has a long-term and positive impact on society and appeals to investors who are increasingly looking for evidence of good intentions. This is possible through a drive for transparent cooperation and the avoidance of industries that can contribute to harm.

      Our ambition at CAIZ is to bring financial instruments to users who do not have access to traditional financial systems, while simultaneously providing a more simplified and congenial model to those who are already in the finance sector.

      CAIZchain

      CAIZchain with the governance API - The CAIZchain is a distributed database solution that functions as the host for CAIZcoin and all related APIs to facilitate decentralized, peer-to-peer transactions. The blockchain operates on a network of federated nodes that approve transactions, governed by a Fiqh-compliant governance layer. To ensure Fiqh compliance, the CAIZchain incorporates innovative methods, such as full KYC requirements for new users to access the ecosystem, and an IFBA protocol, which stands for this protocol offers a more robust consensus mechanism than existing protocols, in that it ensures compliance with Islamic transaction principles.

      CAIZapi

      CAIZapi is a SaaS solution that offers access to our blockchain ecosystem, enabling you to develop apps and leverage on existing denomination to transfer value and assets. Our blockchain ecosystem enables developers to build applications that interact with other users in the network. You can use our APIs to communicate with smart contracts, send transactions and access data from other users’ wallets. We will build a variety of tools that make it easy for developers to start building their own applications using CAIZapi. These include for example a library of code samples and tutorials that show how you can use our APIs in your next projects.

      CAIZwallet

      CAIZwallet - The CAIZwallet is a digital wallet that enables users to store CAIZcoin and various financial products in the CAIZ Ecosystem. It serves as the core element for a user's interaction with the CAIZchain and the financial products offered within the Caiz Ecosystem. Integrated into the CAIZapp, the CAIZwallet can be downloaded by users on their mobile devices. Prior to utilizing the CAIZwallet and CAIZapp, users must complete a Know-Your-Customer (KYC) process, which includes identity verification and several checks to ensure compliance with anti-money laundering regulations. Furthermore, the CAIZwallet offers additional features, such as confirming transactions that are compliant with Islamic law as well as allocating a percentage of funds to Zakat.

      CAIZapp

      The CAIZapp serves as the centerpiece of the extensive CAIZ Ecosystem. With the App, you can maintain complete control over your digital assets and access all the features of the ecosystem. Check your transaction history and stay up-to-date with the latest market value of Caiz. It can be downloaded onto a mobile phone or accessed via a webpage. The CAIZapp will be consistently enhanced with new features as they become available.
      Caiz
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