Halal InvestingReimagined forthe Ummah

What is Web2 vs Web3?

Web2 is the internet most of us use daily, where platforms like social media or e-commerce sites are controlled by single companies. Users often trade data for services, trusting centralized systems.

Web3 represents the next evolution: a decentralized, transparent internet often built on blockchain. It empowers users by enabling direct interactions and ownership, reducing reliance on intermediaries.

At UmmahVest, we harness Web3 to offer Muslims worldwide transparent and direct access to Halal investing, removing traditional barriers like banks or brokers, and placing control back into your hands.

Why We Chose the Haqq Network

UmmahVest is proudly built on the Haqq Network , a Shariah-compliant blockchain developed by the team behind Islamic Coin . "Haqq" means "truth"—a value central to our mission of fairness, transparency, and trust.

• $ISLM (Islamic Coin) is the native token, facilitating transactions within this ethical ecosystem.
• Backed by a global Shariah Board of esteemed scholars, ensuring rigorous adherence to Islamic principles.
• 10% of each $ISLM issuance is dedicated to the Evergreen DAO, funding impactful projects for the Muslim Ummah.

This foundation ensures every transaction and investment on UmmahVest aligns with core Islamic finance principles like risk-sharing, prohibition of Riba (interest), and complete ethical transparency.

How UmmahVest Leverages Web3

• Tokenized Equity: Businesses can tokenize their shares into digital tokens, allowing investors to easily buy, sell, and manage their Halal investments.
• Smart Contracts: These self-executing contracts with predefined rules govern our platform. They ensure:

  
  // SPDX-License-Identifier: MIT
  pragma solidity ^0.8.20;
  
  interface IUmmahFund {
      enum AssetType { EQUITY, SUKUK, COMMODITY }
  
      struct Investment {
          address investor;
          uint256 amountInvested;
          AssetType assetType;
          uint256 investmentTime;
          bool isShariahCompliant;
      }
  
      event NewInvestment(address indexed investor, uint256 amount, AssetType assetType);
      event ComplianceVerified(bytes32 indexed investmentId, bool compliant);
  
      function makeInvestment(uint256 _amount, AssetType _assetType) external payable;
      function verifyInvestmentCompliance(bytes32 _investmentId) external view returns (bool);
      function distributeProfits() external; // Logic for profit sharing
      function calculateZakat(address _user) external view returns (uint256);
  }
  

  Illustrative Solidity interface for fund operations.This provides transparent profit/loss sharing, automated Zakat calculation, and adherence to Halal investment rules.
• Investor Wallets: Users maintain direct control over their assets through personal digital wallets, eliminating centralized middlemen and enhancing security.
• Ummah Token Utility: Our upcoming utility token will fuel the ecosystem, offer rewards, facilitate governance, and fund community-driven Ummah causes.

Unyielding Security & Shariah Transparency

All transactions on UmmahVest are recorded on the Haqq Network's public blockchain ledger. This means unparalleled transparency: no hidden fees, no potential for tampering, and open auditing for Shariah compliance.

We are actively developing a Shariah Board module, integrating insights from Islamic scholars for ongoing, Fatwa-based compliance and community governance through voting mechanisms. Your trust is our most valued asset.

Our Tech Stack (For the Technically Curious)

• Smart Contracts: Solidity on Haqq EVM
• Backend: Node.js + Express
• Decentralized Storage: IPFS for transparency
• Wallets: MetaMask & Haqq Wallet Integration

Explore Transactions: Haqq Network Explorer

Coming Soon: Open API for developers, a comprehensive project tokenization toolkit, and infrastructure for smart Waqf (endowments).