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Questions and Answers
Which of the following is a key feature of crypto Islamic coins?
Which of the following is a key feature of crypto Islamic coins?
- They are digital currencies based on blockchain technology (correct)
- They are traditional Islamic coins used in trade
- They are counterfeit coins used for illegal activities
- They are physical coins made of gold or silver
What is the purpose of crypto Islamic coins?
What is the purpose of crypto Islamic coins?
- To promote financial inclusion in Muslim-majority countries (correct)
- To undermine traditional Islamic banking systems
- To support terrorist activities
- To facilitate anonymous transactions
How do crypto Islamic coins ensure compliance with Islamic principles?
How do crypto Islamic coins ensure compliance with Islamic principles?
- By incorporating a profit-sharing model (correct)
- By implementing a centralized authority to oversee transactions
- By allowing interest-based lending
- By using physical coins made of gold or silver
Which of the following is a key principle of crypto Islamic coins?
Which of the following is a key principle of crypto Islamic coins?
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What distinguishes crypto Islamic coins from traditional cryptocurrencies?
What distinguishes crypto Islamic coins from traditional cryptocurrencies?
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What is the role of Sharia advisors in the development of crypto Islamic coins?
What is the role of Sharia advisors in the development of crypto Islamic coins?
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