Qintar Capital Switzerland and ISL-Blockchain Sàrl, two Swiss companies specializing in Islamic Finance, announce the upcoming launch of Qintar-the world’s first Sharia-compliant token. This token is based on Islamic Blockchain [ISL]. Qintar will be officially launched on April 12, 2019.
Introducing Qintar-the Global Crypto Ecosystem
Qintar is a Geneva-based but globally focused cryptocurrency ecosystem which is the first truly sharia-compliant token which is independent of the banking system and other financial institutions.
As a first of its kind token that enables the trading of cryptocurrencies-the platform leverages the latest in blockchain technologies to trade in the most effective way.
With full transparency as well as ISL secured and speedy technology users can buy and sell tokens without intermediaries – in short, you are in control of your trades.
With an increase in online fraud, security is taken seriously.
Qintar Makes Waves with the Innovative ISL Blockchain
The experienced team has been busy expanding the app and is using the ISL blockchain for this purpose.
Initiated in 2018, the ISL blockchain project was launched to change the way that cryptocurrencies are designed and the developed-the goal is to provide a blockchain environment that integrates the needs of users, systems and the markets.
The ISL blockchain is a coming together of innovation and new ideas-combining the best of tech engineering practices with the latest in design strategy the decentralized ISL network links the user with the Qintar.
The True P2P Network
With Qintar it is only the traders that control their transactions, data, and strategy without third party interference!
Every transaction is digitally signed and timestamped – this allows the token holders to trace every transaction, safe in the knowledge that the ISL blockchain’s audit quality is working for them.
Once initiated the transaction cannot be canceled or frozen-forgery is eliminated and allows traders to accept as many international transactions as they wish!
The Qintar platform ensures the following:
- Innovation: Ideal for entrepreneurs, the Qintar currency encourages and inspires innovation for finding viable fiscal solutions. The ISL blockchain is also considering coded currencies open source allowing the model to be developed for future services and products.
- Sharia Compliant Token: It is based on Islamic Blockchain [ISL]–a private blockchain that has received a Fatwa from several Islamic scholars and researchers which can only be bought through a direct transfer to Qintar Capital’s bank account in Switzerland preventing forgery risks, to comply with Sharia law.
- ISLBlockchain: All financial products and contracts issued via ISL Blockchain are in accordance with Islamic principles: no Riba [payment of interest], no prohibited activities such as alcohol, gambling, pornography, etc.
The Future is Bright with Qintar
Qintar believes in the ISL blockchain-as such we are partnering with companies in different sectors to make online transactions easier, faster, less costly and more convenient for the users.
Moreover, Qintar services can be used for all transactions including airline bookings and hotel reservation or even Udhiyya, livestock for sacrifice using a crypto-wallet on a mobile device through Qintar channels [Seitra, Udhiyya] which is Qintar Immediate Goal.
From institutional and private investors to individual traders and individuals, they have attracted great interest-the plans are solid, the platform is strong, and the market is embracing Qintar, as a huge investment will be implemented in the future.
Qintar solves many of the problems associated with cryptocurrencies and blockchain solutions-what makes it different is that Qintar sales request is completely transparent and visible-the users can cancel their transactions at any time. It is only a matter of time before Qintar becomes the industry standard!
Qintar Capital Switzerland is a financial advisory firm specializing in investments, accounting, auditing, regulatory bodies, Islamic banking, manufacturing, and other business areas. The company is headquartered in Geneva, the world’s major financial center.
The management team of Qintar Capital Switzerland possesses extensive regional and international experience. Further information is available on the company’s website: www.qnr.ch.
Join the blockchain revolution today with Qintar.
About Qintar Capital: Qintar Capital is a Geneva-based financial services firm focusing on global financial management. From crypto and Islamic financing to technical solutions, our experienced team delivers a range of product and services. For more information please visit our homepage.
Germany’s central bank chief is not alarmed by Facebook Libra
- Germany’s central bank chief, Jens Weidmann, believes that Libra must answer all the questions before they go ahead.
- He feels that if Libra delivers on its purposes, then it can be “attractive to consumers.”
The president of Germany’s central bank and European Central Bank policymaker, Jens Weidmann has stated that he is in favor of Facebook’s Libra. As per Reuters, Weidmann said at a G7 meeting:
“There’s no reason to be alarmed but there’s reason to be vigilant.”
Weidmann also said that Facebook should only go ahead with Libra after answering all the questions posed to them. Facebook’s blockchain lead, David Marcus, recently revealed to U.S. senators and congressional representatives, that Libra will go ahead only after it has satisfactorily addressed all regulatory and ethical concerns. Weidmann also believes that if Libra delivers on all its promises, then it can be “attractive to consumers.”
Someone Is Trying to Trademark ‘Samsung Coin.’ It’s Not Samsung
Someone in South Korea appears to be trying to take advantage of Samsung’s blockchain efforts by nabbing the “Samsung Coin” trademark.
According to filings with the Korean Intellectual Property Office (KIPO), an application to register the trademark in both English and Korean was submitted on July 10 by an individual called Kim Nam-jin.
The filing was made under categories related to computer programs, such as “downloadable electronic money computer program,” “electronic money card,” “electronic encryption device,” and “IC card with electronic money function.”
However, when contacted, a Samsung representative told CoinDesk that the tech giant was not behind the application.
“We don’t work this way,” they said.
While the trademark application does not specifically state whether it’s related to blockchain or cryptocurrency, the filing follows CoinDesk’s previous report that Samsung is developing its own blockchain using ethereum tech, and may eventually issue its own cryptocurrency, possibly called “Samsung Coin.”
In a possible clue as to their motivation for the filing, the same individual has previously tried to lodge trademarks relating to cryptocurrency work by other major technology companies.
The KIPO database shows that Kim Nam-jin also filed an application on July 10 seeking to trademark “ThinQ Wallet.”
However, on July 2, LG Electronics, also based in South Korea, filed trademark applications both in South Korea and in the U.S. for “ThinQ Wallet.”
Based on the LG application details, the wallet would provide a variety of mobile services including “software platform for blockchain” and “mobile electronic wallet for cryptocurrency.”
The “Samsung Coin” filing was initially covered by a few news sources that incorrectly indicated Samsung is applying for the trademark.
CoinDesk Korea’s Shinjae Yoo assisted with reporting.
WATCH: A FinTech Lawyer Breaks Down Libra’s Legality
Joel Telpner, Chair of Fintech and Blockchain Practice Group at Sullivan & Worcester LLP, isn’t surprised that Facebook is getting a grilling on Capitol Hill. In fact, he’s pleased.
“These are attacks on Facebook itself that really has nothing to do with crypto has nothing to with Libra it’s just Facebook being bad boys you know [they’re] concerned about [their] privacy policies,” he said.
His point, quite simply, is that any scrutiny of crypto in DC is vital.
“Parts of the hearing so far where they’ve actually been able to get into conversations about Libra and about crypto have been interesting because on that side of it you’ve seen some Senators that have been skeptical,” he said. “But overall it’s kind of it’s been encouraging to hear some of the senators talking about ‘Hey, this is a good thing.’”
Telpner joined CoinDesk editor Pete Rizzo in a wide-ranging conversation about the legality of Libra and, in the end, what Facebook and the Government will have to do to come to terms with the future of crypto.
You can read our complete Libra coverage here and watch our CoinDesk LIVE interviews here.