Noorcoin The First Shariah Token in the World Launched its Mobile Application Demo Testnet for 57 OIC Countries

Noorcoin The First Shariah Token in the World Launched its Mobile Application Demo Testnet for 57 OIC Countries Noorcoin (www.noorcoin.io), launched its application demo for 57 Organization of Islamic Cooperation (OIC) member countries. The purpose of the application demo is not only to test the technological issue, but also the cultural and legal environment in each 57 OIC member countries. Jakarta, Indonesia – October 23, 2018 — Noorcoin (www.noorcoin.io), launched its application demo for 57 Organization of Islamic Cooperation (OIC) member countries in the annual session of the Islamic Chamber of Commerce, Industry & Agriculture (ICCIA) of the OIC on October 22-23 2018 in Jakarta. OIC is the second largest inter-governmental organization after the United Nations. The meeting is attended by the delegation from 57 OIC member countries. Noorcoin Founder and CEO, Sofia Koswara said, “OIC member countries, such as Brunei and Kingdom of Saudi Arabia as the guardian of two most holy cities with pigrims from all over the world, was very serious about using Noorcoin. Banks in Saudi Arabia to the Zakat Council in the country began to think about the use of digital money as an alternative to long-term financial transactions. We believe once the application demo is completed, Noorcoin will reach acceleration in a few months.” Noorcoin COO, Thomas Yudhistira said, “The purpose of the application demo is not only to test the technological issue, but also the cultural and legal environment in each 57 OIC member countries. For example, there is a widespread misconception towards cryptocurrency in the Middle East due to the notion that it is against Sharia law. Muhammad Abu Bakar (certified Muslim legal expert) in a report says that cryptocurrencies are permissible under Sharia law. Noorcoin is developed with sharia compliance in mind so we are positive that we would be compliant to national sharia regulations, which to be proven with this testnet.” Noorcoin CBDO, Iskandar Purnomohadi said, “The application demo was run using Ethereum Virtual Server and Ethereum Ropsten Testnet before full implementation and transition on Zilliqa blockchain platform around Q1 2019. This is to show Noorcoin’s mobile application demo’s potential and usability for the Muslim community. Also in a later stage after ICO, Noorcoin also plans to back its cryptocurrency with gold, to increase stability and security for its holders.” As part of the launching, Noorcoin was awarded by World Achievement Institute (LEPRID) as the First Shariah Token in the World…

KSA Ambassador Proposes Digital Money in Islamic Countries

    Link to original article in Indonesian Language Ambassador of the Kingdom of Saudi Arabia to Indonesia HE Osamh Mohammed Abdullah Shuibi proposed the use of digital money in Islamic countries. In addition to facilitating transactions, the main objective is to reduce the dominance of the US dollar. "The name is Noorcoin, the first digital Islamic money, can be used for umrah and hajj services, as well as inter-state transactions," Osamh said when meeting the Presidential Chief of Staff General (Ret.) Moeldoko, at the Presidential Staff Office, Tuesday (09/10 / 18) Osamh came with Noorcoin's Founder and CEO Sofia Koswara. In a conversation with Moeldoko, he proposed launching the use of Noorcoin as digital money carried out on the sidelines of the annual session of the Islamic Chamber of Commerce, Industry & Agriculture (ICCIA) of the Organization of Islamic Cooperation (OIC) on October 22-23 2018 in Jakarta. This meeting was planned to be attended by 57 Islamic countries. "We expect President Joko Widodo (Jokowi) with Malaysian Prime Minister Mahatir Mohamad and the Royal Crown Prince of Saudi Arabia to lead this launching," Osamh said. According to him, the use of digital money will be needed in the future. There are three advantages that Noorcoin has, namely transparent, safe and low cost. "At present some countries are experiencing a weakening of the currency against the US dollar. We must have an alternative, "he said. Sofia Koswara added, the kingdom of Saudi Arabia was very serious about using Noorcoin. Banks in Saudi Arabia to the Zakat Council in the country began to think about the use of digital money as an alternative to long-term financial transactions. "Noorcoin has obtained a certificate of sharia. We know, Mr. Jokowi is very proud of start-up companies, such as Gojek, Tokopedia and Traveloka, we believe Noorcoin will reach acceleration in a few months, "she said. Presidential Chief of Staff, Moeldoko, saw positively on the proposal submitted. According to him, the unity of Islamic countries joined in the Organization of Islamic Cooperation (OIC) in the field of economics and trade must continue to be improved. Therefore, the momentum of ICCIA OIC can be a unifying force

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