Menu

Search

  |   Economy

Menu

  |   Economy

Search

Islamic Coin: Pioneering Shariah-Compliant Crypto Launches with $400M Backing, Global Partnerships

 Kanchanara/Unsplash

Islamic Coin, a Shariah-compliant crypto, announces its September 1 launch. Backed by a staggering $400 million and strategic partnerships, the coin is shaking up traditional and Islamic finance worlds.

In a major milestone, Islamic Coin signed a strategic partnership with UK-based DDCAP Group, establishing a crucial link to a vast network of infrastructure projects financed by more than 300 Islamic banks worldwide. With DDCAP's expertise in delivering sustainable intermediary services, the collaboration aims to introduce cutting-edge finance solutions tailored to our fast-paced digital age.

Further adding to its remarkable portfolio, Islamic Coin has forged an exclusive integration with Holiday Swap, a thriving global home exchange platform boasting over 1 million users.

The blockchain powering Islamic Coin, HAQQ, has been chosen as the exclusive Web3 partner for Holiday Swap. This integration will enable the platform to incorporate its loyalty token system and related operations into Web3, presenting exciting new services on a secure, ethically oriented, industry-grade digital platform.

Islamic Coin has partnered strategically with Sushi, one of the world's largest decentralized exchanges. Upon its launch, Islamic Coin's global community will enjoy many benefits, including the ability to provide liquidity, stake assets, and earn tokens during the liquidity mining phase.

Highlighting the significance of this moment, Mohammed AlKaff AlHashmi, the visionary founder of Islamic Coin, expressed his gratitude for the opportunity to lead the project forward. "This marks an extraordinary milestone we have long awaited, and I eagerly anticipate revealing more exciting details in the near future," he stated fervently.

Since its unveiling, both Islamic Coin and HAQQ Blockchain have garnered worldwide recognition and acclaim. Notably, the team has received prestigious accolades such as the Most Promising ESG Crypto and the esteemed Golden Excellence Award, which was personally presented by His Excellency Sheikh Nahyan Mubarak Al Nahyan, the UAE's Minister of Tolerance, at The Middle East Blockchain Awards.

Demonstrating their unwavering commitment to supporting the UN's climate goals, the team also had the opportunity to present their ideas before international leaders at the UN's COP27.

The forthcoming launch of Islamic Coin is a transformative event set to redefine the crypto landscape, combining technological innovation with ethical practices. The world eagerly anticipates the unveiling of this revolutionary cryptocurrency and its potential to create a more inclusive, sustainable financial future.


Photo: Kanchanara/Unsplash

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.