QINTAR is a Sharia-compliant cryptocurrency used as a mean of payment, with a focus on products and services in the Holy cities of the Kingdom of Saudi Arabia. It facilitates seamless and transparent use of cryptocurrency within the ISL Blockchain (Sharia-compliant) technology. The project is being launched by Qintar Capital Switzerland SA (“Qintar Capital”) a Swiss company established in the Canton of Geneva, Switzerland. The goal of Qintar Capital is to make QINTAR a commercially successful and widely adopted cryptocurrency.
What is the meaning of Qintar? It is a monetary unit of Albania, equal to one hundredth of a lek. Its origin and roots come from “qind” which translates to “hundred”. In Arabic, qintar is a traditional Arabic unit of weight and has appeared in a number of verses of the Holy Qur’an.
The QINTAR coin intends to be a stablecoin in the long-run as it has specific uses as a mean of payment, initially in the Holy cities and in the future, as it is used by more and more persons, across the world.