Islamic finance is one of the fastest-growing financial areas, and in order to improve its services for OneCoin users in countries with Shariah Law, the company has implemented changes to the Coinsafe option, which will now allow people from those countries to use it without overstepping the boundaries of Shariah Law.
According to Shariah Law, money is simply a medium of exchange.
Each unit is equal in value to another unit of the same denomination and you are not allowed to make a profit by exchanging cash with another person.
Therefore, the system does not allow you to benefit from lending money or receiving money from someone, i.e. receive interest.
To comply with these rules, OneCoin has made changes to its Coinsafe option, which would usually generate interest.
The IFCC (Islamic Finance and CryptoCurrency) leadership summit attracted some of the