Zamzam realizes the implementation of the Islamic financial system via the Zamzam deposit, which assumes the sustenance of young specialists and Muslim social infrastructure advancement as its primary goals. The Zamzam fund is managed by 12 recognized Imams from all over the global world.
The primary problems the fund aims to resolve are:
- A crowdfunding system for Islamic tasks that will enable any person to represent a socially significant responsibility accepted by the Finance committee.
- Education funds for Muslim teen specialists in the best colleges of the global globe.
- A building of mosques, clinics and academic institutions that are selected by associates of the Finance committee and ZAM Token holders.
- A business of critical Muslim holidays.
- Attracting patrons who have the chance to recognize significant projects publicly.
There is extra accurate method how Zamzam could contrivance Islamic banking, that one validates the thought of the Islamic monetary package. The reality is generally that the Zamzam loan provider receives removable and unwavering residence for a debtor who can end up being both a specific or legal organization, sharing the risk thereby. In convert, a debtor acquires immovable or portable house from Zamzam by payments. The property reward contains the price of the banks. Relating to this strategy, a customer is generally supplied by the Zamzam loan company with home loan loans, loans for the buy of items, etc.
Zamzam is the initial, or in the least a single of the initial blockchain based tasks implementing Islamic bank in the blockchain sector. This is usually a significant stage towards a substantial upcoming, where a complex Islamic contract shall be contained within a smart deal positioned on the Blockchain.
For More Info :
- ICO Name: Zamzam
- Website: https://zam.io/en
- ANN Thread:
- Whitepaper : https://zam.io/27d7a1b86038cddd9ea010f364922beb.pdf
- Facebook : https://www.facebook.com/zamzambank
- Twitter : https://twitter.com/zamzambank
- Telegram : https://t.me/zamzamchat
Author Profile :
- Bitcointalk ID: btc4future
- BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1771077
- STELLAR ID: GCI6UCV4MXXVJ4VPTPI7KWPE3OM3PMXBAMRVWHPUXAX5KKS2PEPWFYTG