BURAQ Whitepaper
Vision
Empowering the Muslim Ummah through Shariah-Compliant, Web3-Enabled Decentralized Finance
Buraq Islamic Coin, launched in December 2023, is a Shariah-compliant cryptocurrency designed to revolutionize Islamic finance through the power of decentralized technologies. Built on the Binance Smart Chain (BSC), Buraq combines ethical finance, transparency, and the decentralized principles of Web3 to deliver a secure, interest-free, and scalable digital currency to the global Muslim Ummah.
Named after Al-Buraq, the divine steed that carried the Prophet Muhammad (PBUH) during the Night Journey (Isra wa Mi’raj), the coin represents divine speed, reliability, and spiritual purpose. Headquartered in Bahrain, Buraq aims to lead a paradigm shift in how nearly 2 billion Muslims access financial tools, savings, and investments in a Shariah-compliant manner.
Introduction to the Islamic Financial Landscape
Islamic finance follows a value-driven, faith-based model that prohibits:
Riba (Interest)
Gharar (Excessive uncertainty)
Haram sectors (e.g., alcohol, gambling)
Despite its robustness, the Islamic financial industry—currently valued over $3.88 trillion (2024)—remains underserved by digital and Web3 innovations.
Buraq Islamic Coin enters this space to fill the vacuum, offering halal digital finance powered by smart contracts, decentralized governance, and community philanthropy.
Web3 and Binance Smart Chain Integration
Web3 marks the next internet revolution where users own their identity, assets, and data. Buraq fully aligns with this evolution by:
Implementing Decentralized Autonomous Organization (DAO) governance via Buraq Evergreen DAO
Enabling trustless, peer-to-peer transactions
Leveraging smart contracts to automate zakat and charitable funding
Launching soulbound tokens (SBTs) for Islamic identity verification
Using Binance Smart Chain (BSC) for its low fees, scalability, and EVM compatibility, Buraq provides the perfect infrastructure for Web3-native Islamic finance.
Tokenomics
Initial Supply: 2,000,000,000 (2 Billion Tokens)
Total Supply Cap: 9,700,000,000
Initial Price: $0.02 USDT
Target Price:
$10 USDT by December 2028
$100 USDT by December 2035
Token Allocation
Community Incentives & Rewards: 30%
Reserve Fund: 20%
Team & Advisors: 10%
Liquidity Provision: 15%
Exchange Listings & Partnerships: 10%
Marketing & Outreach: 10%
Buraq Evergreen DAO (Charity & Fintech Grants): 5%
Each newly minted token contributes to long-term ecosystem growth and charitable impact, with transparent tracking on-chain.
Buraq Ecosystem
Buraq Wallet – Non-custodial, multi-chain, with built-in zakat calculation and halal investment options
Buraq Exchange – A decentralized exchange (DEX) with filtering for Shariah-compliant pairs
Buraq Launchpad – Incubation for Islamic DeFi startups vetted by the Shariah board
Buraq SBTs – Soulbound identity tokens verifying Islamic compliance for DeFi participation
Buraq Evergreen DAO – Funding mechanism for social impact projects, waqf, fintech startups, and humanitarian aid
Philanthropy & Governance
Buraq is not just a financial instrument—it’s a cause. Through its DAO model:
10% of mintable rewards are donated automatically to verified charitable and fintech causes
Zakat and Sadaqah are embedded features, promoting wealth redistribution
DAO participants vote on proposals regarding fund allocation and platform upgrades
Roadmap (Q4 2023 – Q4 2035)
Q4 2023: Token Launch on BSC
Q1 2024: Whitepaper v1.0, Community Building
Q3 2024: Wallet Beta Launch
Q1 2025: Buraq DEX & Evergreen DAO
Q4 2025: Public Exchange Listings
2026–2028: Global Expansion, DApps, $10 Target Price
2030–2035: Interchain Expansion, Institutional Adoption, $100 Price Milestone
Conclusion
Buraq Islamic Coin is more than a digital token—it’s a movement to restore Islamic financial values using the latest Web3 technology. Backed by a strong Shariah board, hosted in Bahrain, and rooted in transparency, Buraq bridges ancient ethics with modern innovation.
With a $0.02 starting price, a 2 billion token initial supply, and a roadmap to reach $100 by 2035, Buraq aspires to be the premier digital asset for the Muslim world, offering ethical wealth generation, community empowerment, and faith-aligned finance.
Contact:
📧 contact@buraqislamicdefi.com
🌐 www.buraqislamicdefi.com