HAQQ and Takadao Partner to Empower Communities Through Decentralized Financial Protection

We’re excited to announce our collaboration with Takadao, in a shared effort to deliver ethical, Sharia-compliant, and community-driven financial solutions that are accessible to everyone, without borders or barriers.

In a financial world dominated by profit, speculation, and exclusion, a new wave of innovation is emerging, rooted in ethics and built around community-first principles.

As two purpose-driven ecosystems united by a shared mission, HAQQ and Takadao are coming together to support this transformation.

What Brought HAQQ and Takadao Together

This collaboration underscores our commitment at HAQQ to supporting the development of meaningful, values-aligned financial solutions designed for real-world application. Takadao’s innovative approach to Sharia-compliant insurance aligns with our mission to enable ethical, transparent, and inclusive financial infrastructure. Together, we aim to promote forward-thinking solutions that address existing gaps in Islamic finance, while unlocking new opportunities for communities and institutions seeking principled alternatives in the digital economy.

When communities lead with purpose, innovation doesn’t just happen, it changes lives. At HAQQ, we really admire what Takadao is building for underserved, fast-growing markets. What they’re doing speaks to something bigger: the way Islamic principles can create financial systems that are ethical, just, and centered around people. It’s exciting to support projects like The LifeDAO and to imagine what halal innovation can look like when it’s in the hands, and on the phones, of everyday users, both within and beyond the Islamic world.

- Alex Malkov, Co-founder and CEO of HAQQ 

Serve the Underserved

The global financial system wasn’t designed with everyone in mind. And for the world’s 1.9 billion Muslims, this exclusion runs especially deep, particularly in areas like insurance and financial protection, one of the most urgent and overlooked needs in halal finance.

HAQQ is developing the foundational infrastructure for modern Islamic finance, enabling Sharia-compliant real-world asset tokenization, decentralized finance, market access, tailored financial solutions, with oversight from a dedicated board of Islamic scholars.

Takadao brings complementary innovation. Their flagship product, The LifeDAO, introduces a new category of halal protection: decentralized, interest-free, community-powered financial safety nets.

We are aligned in purpose. And together, we aim to expand access to ethical financial tools and empower underserved communities globally.

The Protection Gap: A Global Problem with Local Consequences

The global insurance industry is valued at over $8 trillion, yet for many Muslims, it remains:

• Inaccessible
• Ethically problematic
• Incompatible with Islamic law

According to the Islamic Financial Services Board (IFSB), takaful (Islamic insurance) made up just 1.9% of total Islamic finance assets in 2023.

Meanwhile:

• Significant portions of Muslim populations worldwide are uninsured or underinsured
• In regions like Sub-Saharan Africa and Southeast Asia, financial shocks from illness or death can erase years of progress
• Conventional models are often rejected due to:
  
  • Riba (interest) in premium investments
  • Gharar (uncertainty) in contract terms
  • Profit motives that conflict with the needs of policyholders
    

This disconnect creates a massive protection gap, for individuals, families, and small and large businesses seeking Sharia-compliant risk mitigation.

The LifeDAO, by Takadao, offers a modern response to this challenge.

The LifeDAO

The LifeDAO, by Takadao, is a Shariah-compliant, blockchain-based alternative to traditional life insurance. Instead of centralized insurance companies, profit incentives, and opaque claims processes, The LifeDAO operates as a non-profit Community-powered protection protocol, governed by its members and built on blockchain.

• Life Protection Benefit: Fast, compassionate financial support to your loved ones when they need it most.
• Farewell Benefit: Rest in peace. Cover funeral and repatriation costs.
• Collective Investment Pool: Grow together. Access high-value investments with your community.
• Member Connect: a global network of members committed to supporting one another across various fields of expertise. 
• Pre-paid Crypto Card: It's a prepaid stablecoin card that lets you spend USDC like cash.

The LifeDAO brings to life the Islamic concept of ta’awun (mutual assistance), enabling communities to support each other financially, without banks, interest, or exploitation.

If you’ve ever asked:

• Can insurance be halal?
• What does ethical, decentralized protection and insurance look like?
• How can communities support each other financially, without banks or borders?

Then you need to discover The LifeDAO. Start here.

At Takadao, we believe true financial protection must be ethical, inclusive, and rooted in community. Partnering with HAQQ strengthens our ability to deliver alternatives that empower underserved populations worldwide. By workin together we're building a future where decentralized finance works for everyone.

- Morrad Irsane, CEO and Co-founder of Takadao. 

Takadao

Takadao is building transparent, Shariah-compliant financial tools powered by blockchain. With its patented technology, it creates systems of mutual protection without banks, interest, or borders.

To learn more about Takadao, visit website. Takadao.io 

There’s a shift happening. More people are asking different questions. About trust. About fairness. About where their money goes and what it supports. We think those questions are worth answering, with action, not slogans. Together with builders like Takadao, we’re working to turn those answers into working products, rooted in values, and made for real use. 

Keep watching, keep engaging, and help shape what comes next. This is a journey worth being part of. 

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