Islamic Coin (ISLM): What It Is, Uses and Risks

Islamic Coin (ISLM) is a cryptocurrency that its project describes as the native currency of HAQQ, a proof-of-stake blockchain. The project says its goal is to bring Muslims into digital finance while keeping to Islamic values. Public descriptions also say the coin is designed to follow Sharia principles. Those compliance claims come from the project and from commentary online, not from an independent religious authority, and some of that commentary is critical. This page does not rule on whether the coin meets any religious standard. Readers who care about that question should look for rulings from qualified scholars and read the project's own documentation before deciding anything.

According to the project, ISLM is used as the native currency of the HAQQ network. In a proof-of-stake system, a native token is typically used to pay transaction fees and to stake in order to help secure the network, but the public information available here do not describe the specific fee model, staking rules or governance rights of HAQQ. The project also describes HAQQ as scalable and interoperable, which are claims about the network's design that are not verified on this page. Some listings describe the token as a Layer 2 asset, but the data does not confirm what that means for ISLM's actual function. Anyone looking for practical uses should check the current HAQQ documentation rather than rely on summaries, since network details can change.

As of 2026-11-05, the data shows a price of about $0.00229 and a market capitalization of about $8.6 million, which ranks it around 1353 by market cap. The fully diluted valuation is about $41.5 million and 24-hour trading volume is about $23,500. Circulating supply is about 3.74 billion ISLM, total supply about 18.16 billion, and the maximum supply is listed as 100 billion. The gap between circulating, total and maximum supply means that a large share of tokens is not yet in circulation, which can add future selling pressure depending on how those tokens are released. The price was about 39 percent lower over seven days and about 87 percent lower over one year at that date. The all-time high was about $0.303 on 2023-10-14, and the all-time low was about $0.00016 on 2026-10-17. These figures change constantly and are not a basis for any prediction.

The data lists ISLM as issued on Osmosis, a Cosmos-based decentralized exchange chain, while the project describes ISLM as the native currency of HAQQ. Public sources provided do not list a native chain, so the relationship between the two is not fully explained here. Coverage of the token places it in several categories, including smart contract platform, wallets, Layer 2 and the Osmosis ecosystem. Because a token can be issued on one network and used on another, check which chain holds the asset you are looking at before sending or swapping it. Bridges between networks carry extra technical and security risk.

Crypto assets like ISLM carry significant risk. The price has fallen sharply over the past year, trading volume is low, and the market is small, so large orders can move the price. Supply is far from fully circulating, which adds dilution risk. The project's religious claims are contested, and reputational or regulatory changes could affect demand. Smart contract bugs, bridge failures, and the early-stage nature of some networks are additional concerns. The data also does not confirm the launch date or consensus details for the network, so there is less verifiable history to assess. If you hold or consider holding ISLM, store it in a wallet you control, keep recovery phrases offline, and confirm the correct network before every transfer. Only use an amount you could lose entirely, and do not treat this page as investment advice.