SABIT Coin is your Shariah-compliant stablecoin concept that we discussed earlier — a digital currency backed by tokenized sukuk for bilateral trade between Muslim countries (starting with Malaysia and Turkey).

Here’s the core idea in plain terms:

1. Purpose

To enable cross-border trade settlements in a Shariah-compliant way without relying on volatile cryptocurrencies or interest-based fiat systems.
Initially targeted for Malaysia–Turkey trade flows, but scalable to other OIC member states.

2. Backing & Stability

Backed 1:1 by sukuk reserves (Islamic bonds) issued under AAOIFI standards.
Uses tokenized sukuk issued on IDACChain (your Hyperledger Besu–based blockchain).
Has stability and deflationary mechanisms to protect value and encourage holding.

3. Technology

Runs on ERC-1400 / BEP-1400 (security token standards with partitions for compliance).
Operates on IDACChain, a private PoA blockchain, but can bridge to public chains for interoperability.
Smart contracts enforce:
- Shariah governance
- Profit distribution from sukuk yield
- Redemption for underlying sukuk

4. Compliance

Fully Shariah-audited before issuance.
Adheres to AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) guidelines.
Managed by a governance council with Islamic finance scholars, regulators, and trade representatives.

5. Use Cases

Malaysia–Turkey trade settlements (e.g., palm oil for machinery exports).
Cross-border B2B trade payments for OIC countries.
Potential CBDC-like adoption for Islamic economies.

If you want, I can prepare a one-page SABIT Coin profile you can give to investors or regulators — summarizing the Shariah model, tech stack, and economic benefits in an attractive format. That would help when pitching it to MIFC, Labuan IBFC, or Turkish regulators.

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