Crypto Islamic Coins
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Transparency</p> Signup and view all the answers

    What distinguishes crypto Islamic coins from traditional cryptocurrencies?

    <p>Decentralized control</p> Signup and view all the answers

    What is the role of Sharia advisors in the development of crypto Islamic coins?

    <p>They ensure compliance with Islamic principles</p> Signup and view all the answers

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