Islamic Coin – Shariah Compliant Crypto, Hosts Token Sale On Republic, Launched in September

Islamic Coin, a crypto that adheres to Shariah-compliant ethics, launched on centralized and decentralized exchanges in September. The highly anticipated launch garnered significant attention from both traditional and Islamic finance communities, as the project secured $400 million in funding and unveiled an impressive array of plans and memorandums of understanding (MOUs) to drive its progress.

Islamic Coin conducted a Reg D public token offering facilitated by OpenDeal Broker on Republic’s retail investment platform in September 2023.

In March, Islamic Coin partnered with DDCAP Group, a UK-based organization specializing in sustainable intermediary services for the Islamic financial market. This collaboration paved the way for infrastructure projects with over 300 global Islamic banks. Leveraging DDCAP’s expertise, Islamic Coin successfully introduced exclusive and groundbreaking solutions tailored for the digital age.

Another significant integration was announced with Holiday Swap, the world’s largest home exchange platform boasting over 1 million users. Through this partnership, Islamic Coin’s underlying blockchain technology, Haqq, has become the exclusive Web3 partner for Holiday Swap. The collaboration enabled the addition of a loyalty token system and related operations to Web3, empowering users of both platforms to offer enhanced services to clients on an ethically driven, industry-grade digital platform.

Furthermore, Islamic Coin has already joined forces with Sushi, one of the largest decentralized exchanges globally. Following the launch, the Islamic Coin community will enjoy various benefits, including the ability to provide liquidity, stake assets, and earn tokens during the liquidity mining phase.

Mohammed AlKaff AlHashmi, the founder of Islamic Coin, expressed his enthusiasm for leading the project into the future and hinted at forthcoming exciting developments. “It is both an honor and a privilege to lead Islamic Coin into the future. This is a momentous occasion that we have all been waiting for, and I look forward to presenting more exciting details soon,” he says.

Since its inception, Islamic Coin and the HAQQ Blockchain have gained global recognition and acclaim. Securing a groundbreaking $400 million investment from private investors and high-net-worth individuals, the HAQQ-Islamic Coin team has been honored with prestigious international awards. These accolades include the highly regarded Most Promising ESG Crypto and the esteemed Golden Excellence Award presented by His Excellency Sheikh Nahayan Mabarak Al Nahayan, the UAE Minister of Tolerance, at The Middle East Blockchain Awards. The team’s achievements extend beyond awards as they actively participated in the UN’s COP27, demonstrating their commitment to supporting the UN climate agenda and contributing to global initiatives.

The project’s Advisory Board comprises influential members from the Abu Dhabi and Dubai Ruling Families, including prominent individuals such as Sheikh Dr. Hazza bin Sultan bin Zayed Al Nahyan and Sheikh Saeed bin Hamdan bin Mohammed Al Nahyan. The Executive Team also includes renowned figures in traditional and Islamic finance, such as Hussein Al Meeza from Emaar, a co-founder of Islamic Coin and a seasoned banker with extensive experience in Islamic banking and finance. Khamis Buharoon AI Shamsi, formerly associated with the Central Bank of the UAE, and Greg Gigliotti, a respected fund manager with a successful career at institutions like Goldman Sachs, have also joined the initiative.

The project will regularly update the list of centralized and decentralized exchanges on its website and social media channels.

**This article is for informational purposes only make investments after speaking to a registered professional**