Page 72 - CMA Journal (Mar-Apr 2025)

Focus Section

Figure 2: OneGram Coin Price Predic on (in USD) (a) Tokenized Real Estate - Tokenized Real Estate is
emerging as a transformative solution for Muslim
Min. Price Max. Price Price Change (%)
investors seeking Shariah-compliant opportunities.
3,000.00
By leveraging blockchain technology, investors can
2,500.00
purchase fractional shares in real estate projects,
2,000.00
ensuring direct ownership of tangible assets. This
1,500.00
model is considered halal (permissible) as long as
1,000.00
rental income is derived from permissible sources.
500.00
The allocation of tokenized assets in real estate
- portfolios is projected to grow steadily—from 1.3%
2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
in 2023 to 6.0% by 2027 and beyond—indicating
rising trust and adoption. This growth reflects
(b) Islamic Coin (ISLM) - Islamic Coin (ISLM), built on broader portfolio trends, with tokenized allocations
the HAQQ blockchain, aims to create a across entire portfolios rising from 1.5% in 2023 to
Shariah-compliant digital ecosystem for the global 7.2% by 2027+, signaling a shift in institutional
Muslim community. It adheres to Islamic finance strategies. Real estate is particularly favored, with
principles by ensuring that a portion of every 56% of institutional investors and 49% of
transaction is directed towards a charitable high-net-worth individuals ranking it as their top or
endowment fund (Waqf DAO). The coin avoids second most preferred tokenized asset, following
involvement in non-Islamic activities, such as closely behind private equity. These trends
gambling and alcohol, and maintains governance underscore the growing appeal and acceptance of
under a dedicated Shariah Board. These features tokenized real estate as a viable and ethical
uphold key Islamic finance values, including ethical investment option.
oversight, transparency, and tangibility.
(b) Gold-Backed Tokens - Gold-backed digital tokens
According to data presented in Table 3, price projections such as XAUt and DGX represent specific quantities
for Islamic Coin from 2025 to 2034 demonstrate strong of physical gold securely stored in vaults. They offer a
growth potential, with increases ranging from 91.64% to modern, Shariah-compliant way to invest in a
267.19%. Notably, 2026, 2028, and 2032 are projected traditionally accepted Islamic asset. Since gold is
to be peak years with growth exceeding 200%, reflecting considered halal when it is physically backed and
heightened investor interest. This positions Islamic Coin deliverable, these tokens align with Islamic finance
as a promising Shariah-compliant digital asset, offering principles by ensuring transparency and tangible
both ethical utility and attractive long-term returns. asset ownership. Gold-backed tokens also enable
micro-investment opportunities, allowing wider
2) Fungible Tokens
access to gold ownership without engaging in
Fungible tokens are digital assets that are speculative paper trading, which is generally
interchangeable and divisible, making them well-suited discouraged under Shariah law.
for representing Shariah-compliant real-world assets,
such as:

Table 3
Year Min. Price Max. Price Price Change in % Remarks
2025 0.027 0.062 129.545 Healthy growth
2026 0.009 0.030 228.294
2027 0.011 0.024 112.442 Moderate and stable
2028 0.019 0.060 225.690 Strong investor confidence
2029 0.047 0.126 166.306 Consistently strong
2030 0.019 0.058 212.886
2031 0.025 0.049 91.640
2032 0.044 0.161 267.189 Peak growth year
2033 0.096 0.256 166.308
2034 0.038 0.116 207.343 Solid decade-end performance

Source: CoinData flow- Link: -coin
70 ICMA’s Chartered Management Accountant, Mar-Apr 2025