Islamic Coin Secures Major Funding Boost From ABO Digital

Islamic Coin, the leading Shariah-compliant cryptocurrency, has once again made headlines by securing an impressive $200 million investment from ABO Digital, surpassing the funding received by Circle, BlockFi, and Solana. We are thrilled to announce that Islamic Coin, the pioneering digital currency platform catering to the Islamic finance sector, has successfully secured substantial funding to propel its growth and reshape the landscape of cryptocurrency for the Muslim community. This funding round marks a significant milestone for Islamic Coin, making it one of the largest investments in the history of the cryptocurrency space, with total funding reaching $400 million.

Islamic Coin, powered by the Haqq Network, aims to serve the global Muslim population of 1.9 billion and beyond, focusing on game-changing financial products and services. The platform has gained worldwide recognition, earning accolades from international luminaries, and state and regional leaders, and has presented at prestigious events like the UN’s COP27 in Sharm El Sheikh. Islamic Coin has emerged as a promising digital financial instrument for empowering the Muslim community in the Digital Age.

The strategic partnership with ABO Digital will introduce Islamic Coin to ABO’s network of investors and facilitate the development of innovative Shariah-compliant financial products for the digital asset space. This collaboration will unlock access to up to $200 million as needed, ensuring Islamic Coin’s long-term stability and growth.

ABO Digital CEO, Amine Nedjai, expressed excitement about collaborating with Islamic Coin, recognizing the project’s ambition and potential to revolutionize the Shariah-compliant market through digitization. ABO Digital feels honored to be selected as a partner for this groundbreaking initiative.

This partnership follows another major achievement for Islamic Coin, as it recently signed a Memorandum of Understanding (MOU) with the London-based DDCAP Group. This collaboration paves the way for the integration of the Haqq Network with over 300 global Islamic banks, allowing for the development of various Islamic finance solutions, including a Shariah-compliant Web3 alternative to SWIFT, a digital asset platform, CBDCs, tokenization, and more.

Read this: Islamic Coin Allocates $40M for Shariah-Compliant Funding

Mohammed AlKaff AlHashmi, the co-founder of Islamic Coin, emphasized the platform’s mission to build a transformative financial platform that combines ethics and the traditions of Islamic finance. The aim is to create a robust solution that not only complements traditional systems but also significantly improves the global financial landscape.

Islamic Coin has garnered unprecedented support from the MENA region’s leadership, with the Advisory Board featuring prominent members such as representatives from the Abu Dhabi and Dubai Ruling Families. The Executive Board includes esteemed figures like Hussein Al Meeza, co-founder and executive board member of Islamic Coin, who brings over 45 years of experience in Islamic banking, finance, and insurance, including his significant contribution to establishing Dubai Islamic Bank.

As Islamic Coin gears up for listing on exchanges shortly, its impressive funding and partnerships solidify its position as a game-changing force in the world of Islamic finance and cryptocurrency. The platform’s commitment to ethics, innovation, and empowering the Muslim community positions it for continued success and growth in the digital era. With this significant funding, Islamic Coin is poised to redefine the intersection of Islamic principles and cutting-edge financial technology, paving the way for a more inclusive and Sharia-compliant approach to digital currencies.