User:Toofllab/Caizcoin

Caizcoin is a decentralised cryptocurrency developed in Germany in 2018. It claims to be the 'first Islamic-compliant cryptocurrency'. The word "Caiz" is from the Arabic word "Jaiz", which means 'legal' or 'allowed'. Caizcoin is a wholly-owned subsidiary of Caiz Holding AG, which is headquartered in Cham, Switzerland.

Like other cryptocurrencies, Caizcoin is also based on a decentralized blockchain. The initial stage of the project was built using Ethereum, but later stages were shifted to the company's own blockchain, which is called 'Caizchain', and can carry out 3,000 transactions per second. The system was developed after analyzing existing crypto markets, and consultation with Islamic scholars and economists to ensure its Sharia compliance.

The developers claim that it can only be invested in 'halal activities' such as government bonds, property and transferring funds, and stocks. It comes with a 24/7 cash withdrawal facility, which can be accessed via crypto wallets, as well as credit and debit cards. It also asserts it will not use staking or mining. Instead, the company will use a profit share mechanism.

It is currently a sponsor of football clubs Hertha BSC, Zeljeznicar, FK Novi Pazar, and Sarajevo Railways.