Trending...
- Why Philadelphia Homeowners Should Ditch Oil for Natural Gas
- Looking Local: Hug Baan Thai Creates a Cozy Escape in Sterling Heights
- Sterling Heights: Join Us for Our 50+ Programming Open House on Nov. 19
UAE-based fintech company to launch automated Zakat smart contracts targeting $3.8 trillion Islamic finance market
BUR DUBAI, UAE - Michimich -- YuanziCoin (YNZS) today announced its groundbreaking blockchain platform that integrates Islamic finance principles with distributed ledger technology, designed to serve 1.8 billion Muslims globally who are currently excluded from conventional cryptocurrency markets. The platform targets the $3.8 trillion Islamic finance sector with patent-pending Shariah-compliant smart contracts and automated charitable giving mechanisms, with its initial coin offering scheduled for September 9, 2025.
The company's technology addresses a critical gap in the cryptocurrency sector, where traditional digital assets have failed to meet Islamic legal requirements prohibiting interest (riba) and excessive speculation (gharar). YuanziCoin's dual-token system, deployed on Ethereum and Binance Smart Chain, introduces the industry's first fully auditable Zakat smart contract that automatically calculates and distributes the mandatory 2.5% annual charitable contribution required under Islamic law.
More on Michimich.com
"Current blockchain solutions fundamentally conflict with Islamic financial principles, excluding 1.8 billion Muslims from participating in the digital economy," said Dr. Fatima Al-Fihri, Chief Executive Officer of YuanziCoin. "Our platform demonstrates that technological innovation and religious compliance are not mutually exclusive."
The platform's core innovation lies in its Shariah Compliance Engine, which screens all transactions in real-time against Islamic legal standards. The system employs a three-layer audit framework combining artificial intelligence, certified Islamic scholars, and community verification nodes to ensure continuous compliance.
YuanziCoin has established partnerships with halal certification bodies across Southeast Asia and the Middle East, with plans to expand to 20 partner organizations by Q4 2025. The company's upcoming initial coin offering on September 9, 2025, targets raising $5 million to fund platform development and regulatory compliance initiatives.
The platform's dual-token economic model features YNZS as the primary token with a fixed supply of 2.1 billion tokens, serving payment, governance, and staking functions while backed partially by real assets including gold. The secondary YFuel token manages transaction fees and rewards through a burn mechanism that maintains supply-demand balance. This architecture enables cross-border remittances with 95% lower costs than traditional channels, addressing the $700 billion annual global remittance market where conventional services charge average fees of 6.3%.
More on Michimich.com
Technical specifications include support for multiple blockchain networks through cross-chain bridges, integration with Chainlink oracles for real-time asset valuation, and institutional-grade custody solutions. The platform's roadmap includes tokenized sukuk (Islamic bonds) issuance and halal supply chain financing by Q2 2026.
About YuanziCoin
YuanziCoin is a UAE-based blockchain technology company developing Shariah-compliant financial infrastructure. Founded in 2025, the company's mission is to provide ethical digital finance solutions for the global Muslim community. For more information, visit https://www.yuanzicoinynzs.com/
Contact: Media Relations YuanziCoin sarah.chen@yuanzicoinynzs.com
The company's technology addresses a critical gap in the cryptocurrency sector, where traditional digital assets have failed to meet Islamic legal requirements prohibiting interest (riba) and excessive speculation (gharar). YuanziCoin's dual-token system, deployed on Ethereum and Binance Smart Chain, introduces the industry's first fully auditable Zakat smart contract that automatically calculates and distributes the mandatory 2.5% annual charitable contribution required under Islamic law.
More on Michimich.com
- Golden Limousine International is a 2025 Ace Award Honoree
- XRP fever is coming again, WOA Crypto helps the new trend and earns tens of thousands of dollars a day
- Inflation Rebounds Under Tariff Shadow: Wall Street Veteran Kieran Winterbourne Says Macro Signals Matter More Than Market Sentiment
- Mensa Foundation's New Science Program Encourages Hands-On Discovery
- Golden Paper Introduces TAD Hand Towel Technology, Ushering in a New Era of Premium Tissue Quality
"Current blockchain solutions fundamentally conflict with Islamic financial principles, excluding 1.8 billion Muslims from participating in the digital economy," said Dr. Fatima Al-Fihri, Chief Executive Officer of YuanziCoin. "Our platform demonstrates that technological innovation and religious compliance are not mutually exclusive."
The platform's core innovation lies in its Shariah Compliance Engine, which screens all transactions in real-time against Islamic legal standards. The system employs a three-layer audit framework combining artificial intelligence, certified Islamic scholars, and community verification nodes to ensure continuous compliance.
YuanziCoin has established partnerships with halal certification bodies across Southeast Asia and the Middle East, with plans to expand to 20 partner organizations by Q4 2025. The company's upcoming initial coin offering on September 9, 2025, targets raising $5 million to fund platform development and regulatory compliance initiatives.
The platform's dual-token economic model features YNZS as the primary token with a fixed supply of 2.1 billion tokens, serving payment, governance, and staking functions while backed partially by real assets including gold. The secondary YFuel token manages transaction fees and rewards through a burn mechanism that maintains supply-demand balance. This architecture enables cross-border remittances with 95% lower costs than traditional channels, addressing the $700 billion annual global remittance market where conventional services charge average fees of 6.3%.
More on Michimich.com
- ReedSmith® Creates Founder-Investor Connections at The Investor Dating Game™ by Tech Coast Venture Network During LA Tech Week
- OfficeSpaces.co Expands Its AI-Powered Website Builder Across North America
- Tobu Railway Group Will Host the Fourth Annual "Take-Akari" Bamboo Lantern Festival in East Tokyo, November 7, 2025 – January 31, 2026
- New Article by Roy J. Meidinger – Examines Hidden Hidden Healthcare Kickbacks
- Why Generic Platforms Fail in Emerging Markets: Bettorify Exposes the Gap Between Promise and Reality
Technical specifications include support for multiple blockchain networks through cross-chain bridges, integration with Chainlink oracles for real-time asset valuation, and institutional-grade custody solutions. The platform's roadmap includes tokenized sukuk (Islamic bonds) issuance and halal supply chain financing by Q2 2026.
About YuanziCoin
YuanziCoin is a UAE-based blockchain technology company developing Shariah-compliant financial infrastructure. Founded in 2025, the company's mission is to provide ethical digital finance solutions for the global Muslim community. For more information, visit https://www.yuanzicoinynzs.com/
Contact: Media Relations YuanziCoin sarah.chen@yuanzicoinynzs.com
Source: YuanziCoin
0 Comments
Latest on Michimich.com
- Grandville Public Schools Shares Facts Ahead of Nov. 4 School Proposals on Ballot
- The OpenSSL Corporation and the OpenSSL Foundation Celebrate the Success of the Inaugural OpenSSL Conference in Prague
- TKL Group's New Factory Commences Production, Pioneering A New Era In Global Heavy Duty Truck Parts
- Regulated Crypto Exchange TZNXG Addresses Core US Market Challenges with Compliance-First Infrastructure
- GitKraken Launches Insights to Help Engineering Leaders Quantify AI Impact and Improve Developer Experience
- ZapperBox NextGen TV Gateway Receiver Now Testing Support For Secure Whole-Home Content Distribution
- Life as a Dog: P-Wave Press Brings Readers a Heartwarming Memoir of Love, Laughter and Companionship
- NOYA Launches Premium, Design-Forward Training Gear That Belongs at the Center of Your Space
- Research Defense Examines Violence, Illiteracy, Non-Active Fathers, and Low Self-Esteem Among Males
- Investing in Greece: Your Definitive Real-Estate FAQ Guide
- KeysCaribbean Offers 20 Percent Off Seven-Night Stays For Private Home Collection Properties
- Advancing Circular Economy in Automotive ESD Packaging
- Institute for Pet Health Sciences Names Boops Pets 2025 Product of the Year
- Matthew Cossolotto, Author of The Joy of Public Speaking, Appears on "Get Authentic with Marques Ogden" and "Achieving Success with Olivia Atkin"
- CCHR Exposes Conflicted Psychiatrists Behind Teen Antidepressant Surge
- WIBO Announces Fall 2025 Entrepreneurship Programs to Empower NYC Founders and Small Business Owners
- Local College Student Launches "Cleopatra" App to Make Cleaning Easy for Mercer County Residents
- Wohler announces release of additional Balance Control output tracking for its eSeries in-rack monitor range
- Bavarian Blast Waterpark Announces Season Passes
- A Milestone of Giving: Ten Percent Group Donates £25,000 to Cure Parkinson's