IslamicFinance.de

Dubai's MAG Lifestyle Development will offer customers the opportunity to purchase properties using OneGram, the first Sharia-compliant crypto-currency. Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development stated that customers will benefit from the growing potential of crypto-currencies with OneGram. Each OneGram Coin (OGC) is backed by a gram of gold, which ensures that it remains a fully capitalised and stable digital currency. In compliance with Islamic Sharia law, it is also zero interest, profit-loss sharing, and non-speculative as it is pegged to gold. OneGram is also simple to buy and trade and will go live in June 2018. Mohammed Ibraheem Khan, co-founder of OneGram said this was the first real-world application for OneGram and the company was proud to be taking this step with MAG Lifestyle Development.