Allahcoin is a free software project released under the MIT/X11 license which gives you the power to run, modify, copy and distribute it at your option.
The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
The Allahcoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.
As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.
Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending Allahcoin.
This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.
Miners are currently awarded with 50 new Allahcoin per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). 10% of the gain will be donated to the muslim brotherhood foundation.
The Allahcoin network is therefore scheduled to produce 84 million Allahcoin, which is 4 times as many currency units as Bitcoin.