AKBAR

Akbar is a cryptocurrency for Muslim (or Non-Muslims) to harness their religious faith for the good of mankind by using their computers for scientific progress by discovering cures to mankind’s illnesses. It is creative as it present a suitable alternative for Muslims to engage in cryptocurrency without violating their religious faith – the Quran mentioned that no currency can be used to speculate with, can be earned through interest, and can be inflationary. Fiat currencies and most crypt... ocurrencies are not shariah-compliant. Akbar, however, rewards users for helping mankind; “work units” are sent by a program to online computers, which then work on them, simulating protein folding. Misfolding proteins actually cause cancers and illnesses, which increases the need for computers to discover the solutions to misfolding. Much electricity right now is wasted in attempts to mine Bitcoin and other currencies; mining Akbar is a much better use of electricity. Akbar helps the world to fulfill Sustainable Development Goal 3: Good Health and Wellbeing; therefore, it is shariah-friendly. Also, most cryptocurrencies are not widely adopted as they have “hard appeal” (good technology and fast transaction speeds) but do not have “soft appeal” (a human-based identity or culture). We are branding our cryptocurrency with a religious identity to appeal to the religious who wants to help humanity through their faith. We plan to concoct similar cryptocurrencies for other religions in the future. We believe that Akbar presents a viable way for Muslims who wish to dissociate themselves from the un-Muslim acts of Islamic State and terrorists to act positively for humankind and dissolve the unfavorable reputation foisted upon them by media. Since cryptocurency has created so much buzz recently amongst youth and adults alike, we can utilize it as an avenue for making positive change everywhere, since it can be entirely online and no geographic constraints. Many religious organizations may work with us as it presents an avenue to advertise their religious credentials. Noted by Muslims is that the Quran is also very scientific in approaches to discover truths about the world; thus, Akbar is compatible with Islam. Benchmarks of Success: 1. The number of people that downloads “work units” and generate Akbars. 2. The number of shops which accepts Akbars. 3. The daily trading volume of Akbar on cryptocurrency exchanges. 4. The daily transaction volume of Akbars. 5. The daily total value of goods and services purchased with Akbars. 6. The cancers and illnesses solved with Akbar generators. Strengths, Weaknesses, Opportunities, and Threats (SWOT): Strengths: Appeals to human religious faith and human identity, Akbar democratizes token manufacture for the masses and lets people in rural areas earn credit for helping science, Akbar’s plans to create an international financial ecosystem will ensure true international borderless payments, improves Islam’s public image after ISIS saga. Weaknesses: Akbar conflates religious faith with the need and want to aid scientific progress which Muslims may not take kindly to, Akbar may appeal only to Muslims and not Non-Muslims, Opportunities: Akbar can create a truly international and halal payment ecosystem that has no parallel in the past, market promotions and opportunities to our user base and merchants, partnerships with companies and shops. Threats: Akbar may be blocked by Islamic governments for supplanting their authority, Akbar may fail to gain majority support of Muslims across the world. More