"Allah has permitted trade and forbidden riba (interest)"
— Quran 2:275
Siratcoin Whitepaper
The World's First 100% Shariah-Compliant Blockchain
Executive Summary
Siratcoin is the world's first 100% Shariah-compliant blockchain built to empower over 2 billion Muslims and ethical investors worldwide. Designed with Islamic finance principles at its core, Siratcoin provides a secure, transparent, and halal alternative to traditional blockchains like Ethereum and Solana — which allow gambling, riba, and speculation.
In an era where global Web3 adoption is growing and Islamic fintech exceeds $3.8 trillion, Siratcoin emerges as the trusted infrastructure for halal fundraising, decentralized finance, zakat distribution, and waqf management.
Key Highlights:
- ✅ 100% Halal ecosystem with regular Shariah audits
- ⚡ Fast transactions (3–5 sec block time), low gas fees
- 🔒 Secure Proof of Authority consensus
- 🔗 EVM compatible for easy smart contract deployment
- 💼 Easy integration with Metamask, Trust Wallet, and dApps
- 🌍 Global access for NGOs, developers, and Islamic financial institutions
Introduction
In a rapidly evolving digital world, the Muslim community lacks a fully Shariah-compliant blockchain ecosystem. Existing chains like Ethereum, Polygon, and Solana enable projects that contradict Islamic principles, such as gambling, riba-based finance, and speculative trading.
Siratcoin emerges as the world's first fully halal, transparent, and ethical blockchain platform tailored for the global Muslim population and ethical investors.
Vision & Mission
Our Vision
"To facilitate halal wealth creation and distribution in accordance with Quranic principles, enabling Muslims to participate in the digital economy without compromising their faith, and establishing a model for ethical blockchain governance that serves as Sadaqah Jariyah (continuous charity) for the Ummah."
Our Mission
- Enable 100% Shariah-compliant digital financial transactions
- Provide a blockchain infrastructure for halal business applications
- Facilitate Islamic finance solutions like Zakat distribution, halal crowdfunding, and waqf management
- Protect users from haram activities, riba, and unethical speculation
- Empower the global Muslim community with ethical financial tools
- Establish a sustainable model for Islamic blockchain governance
🤝 Core Islamic Values (Adab)
Siratcoin is built upon fundamental Islamic principles that guide all our operations:
- Amanah (أمانة) - Trustworthiness: Safeguarding user assets and data with utmost integrity
- Sidq (صدق) - Honesty: Transparent operations and truthful communication
- Adl (عدل) - Justice: Fair treatment of all participants and equitable distribution
- Wuduh (وضوح) - Transparency: Open-source code and public audit reports
- Rahma (رحمة) - Compassion: Supporting charitable causes and helping those in need
- Ihsan (إحسان) - Excellence: Striving for the highest quality in all aspects
Problem Statement & Our Solution
The Problem
- No major blockchain platform offers guaranteed halal operations
- Muslim users and ethical investors are at risk of engaging in haram activities unknowingly
- High gas fees and complex onboarding in traditional blockchains limit access for Islamic communities
Our Solution
- Shariah-Compliant Blockchain: All transactions and dApps are screened to ensure compliance with Islamic law
- Halal Finance Infrastructure: Built-in modules for Zakat, halal fundraising, Islamic lending, and waqf
- Low Gas Fees: Affordable transaction costs to support startups, NGOs, and small businesses
- Fast Transactions: 3–5 second block time for quick confirmations
- Developer Friendly: EVM compatibility for easy smart contract deployment
- Global Access: Easy integration with Metamask, Trust Wallet, and WalletConnect
Unique Selling Points (USP)
- 100% Shariah-compliant ecosystem
- No gambling, riba, speculative trading, or haram projects allowed
- Affordable and fast transactions
- Strong focus on Islamic finance and real-world halal applications
- Ethical and transparent governance model
Strictly Prohibited Activities (Haram)
Siratcoin maintains the highest standards of Shariah compliance by strictly prohibiting:
- ❌ Riba (Interest/Usury): All forms of interest-based transactions
- ❌ Gharar (Excessive Uncertainty): Ambiguous or deceptive contracts
- ❌ Maysir (Gambling): Games of chance, lotteries, and speculative trading
- ❌ Alcohol & Intoxicants: Production, distribution, or trade
- ❌ Pork-Related Business: Any involvement in pork industry
- ❌ Adult Entertainment: Pornography and related content
- ❌ Weapons Manufacturing: Offensive weapons (defense allowed)
- ❌ Tobacco Industry: Production and distribution
- ❌ Conventional Insurance: Non-Takaful insurance products
- ❌ Unethical Practices: Fraud, deception, and exploitation
📜 Hadith on Honest Trade
"The truthful and trustworthy merchant will be with the Prophets, the truthful and the martyrs on the Day of Judgment."
— Prophet Muhammad (Peace Be Upon Him)
Reference: Sunan al-Tirmidhi 1209, Sahih (Authentic)
Halal dApps Ecosystem
The Siratcoin Blockchain will support a range of halal-focused decentralized applications:
Charity & Zakat Solutions
- Zakat Distribution dApp: Automating calculation and transparent distribution of zakat funds
- Sadaqah Wallet: Automatic daily sadaqah donations
- Waqf Management Platform: Blockchain-based management of waqf properties and funds
Finance & Investment
- Halal Crowdfunding Platform: Raising funds for Shariah-compliant startups and projects
- Islamic Lending Platform: Profit-sharing (Mudarabah and Musharakah) models
- Halal Real Estate Tokenization: Enabling investments in real estate through tokenized assets
- Islamic DeFi Solutions: Ethical liquidity pools and halal yield farming
Digital Assets
- Islamic NFT Marketplace: For Islamic art, education, and culture NFTs only
Islamic Education & Learning
- Quran Learning Platform: Interactive Quran memorization with AI-powered tajweed correction
- Islamic University Courses: Online degrees in Islamic studies, Fiqh, and Arabic language
- Hadith Database: Searchable collection of authentic Hadith with chain of narration verification
- Islamic Library: Digital manuscripts, books, and scholarly resources
- Children's Islamic Education: Age-appropriate Islamic stories and lessons
Halal E-Commerce & Marketplace
- Halal Products Marketplace: Verified halal goods with blockchain certification tracking
- Halal Meat Delivery: Zabihah meat with complete supply chain transparency
- Modest Fashion Store: Islamic clothing, hijabs, and modest wear
- Islamic Artifacts: Prayer mats, tasbeeh, Quran stands, and Islamic art
- Halal Business Directory: Verified Muslim-owned businesses worldwide
Marriage & Family Services
- Islamic Matrimonial Platform: Shariah-compliant matchmaking with wali (guardian) involvement
- Nikah Contract Management: Digital marriage contracts with blockchain verification
- Islamic Family Counseling: Shariah-compliant therapy and mediation services
- Islamic Parenting Resources: Child-rearing guidance based on Islamic principles
Community & Mosque Management
- Mosque Management System: Donation tracking, event management, and prayer time notifications
- Islamic Community Voting: Shura (consultation) platform for community decisions
- Islamic Event Calendar: Ramadan, Eid, and community event coordination
- Dawah Platform: Tools for spreading Islamic message ethically
Healthcare & Wellness
- Halal Medicine Checker: Verify medication ingredients for haram substances (gelatin, alcohol)
- Islamic Healthcare Directory: Muslim-friendly doctors and gender-segregated facilities
- Halal Nutrition Guide: Dietary advice based on Islamic principles
- Mental Health Support: Islamic counseling and spiritual wellness programs
Identity & Verification
- Islamic Digital ID (KYC): Blockchain-based identity for Shariah-compliant services
- Halal Certification Verification: QR code scanning for product authenticity
- Islamic Will (Wasiyyah) Management: Estate planning according to Islamic inheritance laws
- Shariah-Compliant Data Storage: Private cloud with ethical data handling
Professional Services & Employment
- Muslim Freelancer Platform: Halal gig economy connecting Muslim professionals
- Islamic HR Services: Recruitment with Islamic values and work ethics
- Shariah Legal Consultation: On-demand Islamic lawyers and legal advice
- Halal Accounting Services: Zakat-compliant bookkeeping and financial planning
Supply Chain & Logistics
- Halal Supply Chain Tracking: Farm-to-table traceability for halal products
- Halal Certification Auditing: Third-party verification of halal compliance
- Halal Manufacturing Registry: Database of verified halal factories and suppliers
- Halal Lab Testing: Ingredient verification and contamination detection
Interest-Free Financial Services
- Qard Hasan (Interest-Free Loans): Community-based benevolent lending with no profit
- Emergency Relief Fund: Quick access to interest-free loans for urgent needs
- Student Financial Aid: Interest-free education financing
- Small Business Microfinance: Halal startup funding without riba
🕋 Hajj & Umrah Booking with Siratcoin
Siratcoin introduces a groundbreaking halal use-case: Hajj and Umrah bookings via our upcoming mobile app. Pilgrims will be able to:
- Book verified Umrah and Hajj packages directly from certified travel agents
- Pay using Siratcoin (SRT) tokens
- Enjoy exclusive discounts and loyalty rewards for using SRT
This feature empowers Muslims to fulfill their religious duties with full transparency, ease, and Shariah-compliant payment methods — all powered by blockchain.
🧮 Built-in Zakat Calculator
Siratcoin features an advanced Zakat calculation system that makes fulfilling your Islamic obligation effortless:
- Automatic Nisab Calculation: Real-time gold/silver price integration
- Lunar Year Tracking: Hijri calendar-based calculations
- 2.5% Zakat Rate: Automated calculation on eligible assets
- Smart Distribution: Direct transfer to verified charitable organizations
- Transparent Records: Complete audit trail of all Zakat payments
- Reminder System: Annual Zakat payment notifications
💰 Islamic Finance Principles
Siratcoin implements authentic Islamic finance models:
- Mudarabah (مضاربة): Profit-sharing partnership where one party provides capital and the other provides expertise
- Musharakah (مشاركة): Joint venture where all parties contribute capital and share profits/losses
- Murabaha (مرابحة): Cost-plus financing for asset purchases with transparent markup
- Ijarah (إجارة): Islamic leasing for equipment and property
- Takaful (تكافل): Cooperative Islamic insurance based on mutual assistance
- Sukuk (صكوك): Islamic bonds representing ownership in tangible assets
Technology
- Consensus Mechanism: Proof of Authority (PoA)
- Compatibility: Fully EVM compatible (Ethereum-based smart contracts supported)
- Transaction Speed: 5–20 seconds
- Low Gas Fees: Minimal fees to promote accessibility
- Security: Regular Shariah and cybersecurity audits
Tokenomics
- Token Name: Siratcoin (SRT)
- Total Supply: 1,000,000,000 SRT
Token Utilities:
- Gas fees for transactions
- Staking rewards
- Governance voting rights
- Payments for halal dApps and services
Token Distribution:
- Public Sale: 40%
- Team and Advisors: 20% (1-year lock, 2-year vesting)
- Marketing and Ecosystem: 20%
- Staking Rewards: 10%
- Reserve Fund: 10%
Roadmap
Q2 2025: Laying the Foundation
Establishing the core infrastructure of the Siratcoin network.
- Siratcoin Mainnet Launch (Genesis + PoA Validator Setup)
- Shariah Advisory Board Formation
- Community Onboarding Begins
- Security Audit Initiation
Q3 2025: Initial Growth and Utility
Fundraising, launching the first utility dApp, and establishing initial liquidity.
- Presale of SRT Tokens via Smart Contract
- Zakat Distribution dApp (Live)
- Token Listing on Decentralized Exchanges (DEX)
- Developer Grant Program Launch
Q4 2025: DeFi and Real-World Integration
Rolling out key financial features and integrating with real-world assets.
- Staking System Activation (with halal APY)
- Halal DeFi Pools (Profit-Sharing-Based Farming)
- Islamic NFT Marketplace (Beta)
- First Phase of Real-World Waqf Integrations
Q1 2026: Ecosystem Expansion
Expanding on-chain trading capabilities and forming strategic partnerships.
- Launch of Siratcoin Swap (DEX)
- Wrapped Tokens (wUSDT/wBUSD) for On-Chain Halal Trading
- Partnerships with Islamic Finance Institutions
- Ecosystem Expansion for Third-Party Halal dApps
Q2 2026: Future-Facing Innovation
Incorporating advanced technologies like metaverse, cross-chain functionality, and decentralized identity.
- Halal Metaverse Prototype (Property, Identity, Education)
- Cross-Chain Bridges with Ethereum, BSC via LayerZero/Orbit
- Decentralized Islamic ID (KYC/AML Compliant)
- Global Outreach & Listing Push
Market Opportunity
The demand for ethical, Shariah-compliant financial systems is growing rapidly. Siratcoin is uniquely positioned at the intersection of Islamic finance and blockchain innovation.
📊 Key Market Statistics
- Islamic Finance Market: Projected to exceed $3.8 trillion by 2026
- Muslim Population: Over 2 billion Muslims worldwide seek ethical financial solutions
- Web3 Adoption: Countries like Indonesia, Pakistan, Malaysia, Turkey, and UAE experiencing 3x YoY growth
- Market Gap: 90% of Muslims avoid crypto due to concerns over riba, gambling, and unclear compliance
Competitive Analysis
| Feature | Siratcoin | Ethereum | Polygon | IslamicCoin |
|---|---|---|---|---|
| Shariah Compliance | 100% | No | No | Partial |
| Gas Fees | Low | High | Medium | Medium |
| Transaction Speed | Fast (5-20 sec) | Medium | Fast | Fast |
| Ecosystem Focus | Halal Finance | General Purpose | General Purpose | Islamic Projects |
Staking and Rewards Program
- Staking Period: Minimum 30 days
- Estimated APY: 8-12%
- Rewards: Distributed weekly
- Early unstaking penalties apply to encourage network stability
⚖️ Shariah Compliance Note
Staking on Siratcoin is designed to be Shariah-compliant by ensuring that:
- Rewards are not fixed or guaranteed (avoiding riba)
- Participants are contributing real value to the network by helping validate transactions
- Compensation is considered a service-based reward, not an interest payment
This structure aligns with Islamic finance principles as it avoids speculation and ensures rewards are tied to productive effort.
Governance and Voting System
- Token holders can submit proposals
- Voting weight proportional to amount of SRT staked
- Governance proposals include network upgrades, parameter changes, and project grants
Security and Audit Plan
- Third-party security audits by leading firms
- Shariah compliance audits annually
- Bug bounty programs to incentivize community security checks
Legal Disclaimer
This whitepaper is for informational purposes only and does not constitute investment advice. Participation in the Siratcoin ecosystem requires independent due diligence. Siratcoin disclaims any liability for losses or damages.
Frequently Asked Questions
"O you who believe! Fulfill your contracts."
— Quran 5:1
Is Siratcoin really 100% Shariah-compliant?
Yes. All dApps and projects on Siratcoin are screened by our Shariah Advisory Board to ensure they meet Islamic finance principles. We maintain quarterly audits and publish all compliance reports publicly.
How is staking halal?
Staking rewards are service-based compensation for network validation, not interest (riba). Rewards are variable and tied to productive effort. This model has been reviewed and approved by our Shariah Advisory Board as it represents legitimate compensation for services rendered to the network.
Can I use Metamask with Siratcoin?
Yes! Siratcoin is fully EVM-compatible, so you can use Metamask, Trust Wallet, and other Web3 wallets.
How is Zakat calculated on crypto holdings?
Our built-in Zakat calculator automatically computes 2.5% on eligible crypto assets held for one lunar year above the Nisab threshold. The system integrates real-time gold/silver prices for accurate Nisab calculation.
What makes Siratcoin different from other Islamic crypto projects?
Siratcoin is built from the ground up with Shariah compliance as the core foundation, not an afterthought. We have a dedicated Shariah Advisory Board, rigorous dApp screening, and comprehensive Islamic finance features including Zakat, Waqf, and Hajj/Umrah booking.
Are there any prohibited activities on Siratcoin?
Yes. We strictly prohibit all forms of riba (interest), gambling, alcohol, pork-related business, adult entertainment, and other haram activities. Every project undergoes thorough Shariah screening before approval.
Core Team & Shariah Advisory
Our team consists of blockchain developers, Islamic finance experts, and Shariah scholars committed to building a halal ecosystem.
Shariah Advisory Board: To be publicly listed (coming soon)
Contact Information
- 🌐 Website: www.siratnetwork.com
- 🔍 Explorer: siratchain.com
- 💬 Telegram: @siratnetwork
- 🐦 Twitter: @SiratnetworkOfficial
- 📜 Shariah Certificate: siratnetwork.com/shariah.pdf (coming soon)