Zakat Coin said its second initial exchange offering, or IEO, on Coinstore will open on August 12, 2026, at 18:00 (UTC+8) with a 2,000,000 USDT fundraising target and 200,000,000 ZKTC allocation after Round 1 drew 6,034 participants, 6,021,381.23 USDT in commitments and reached 150.53% of its 4,000,000 USDT target. The project describes ZakPay as a Shariah-compliant payments and remittance platform that combines cross-border transfers, everyday card spending and structured charitable giving, with ZKTC positioned as a utility token consumed in settlement through its FUSE engine and smart-contract-based Giving Contracts. It says charitable payouts use a USDC-backed structure to limit crypto price volatility, and that the platform operates with Islamic finance oversight, a FinCEN-registered money services framework and qualified institutional custody while linking token issuance to commerce generated inside the ecosystem rather than equity, dividends, profit sharing or claims on assets.