Islamic Coin, the Islamic encryption project, has completed a new round of financing of $200 million, with ABO Digital participating.
2023-06-29 07:32
Odaily News: Islamic Coin, a cryptocurrency project that complies with Islamic law, has announced a $200 million investment from ABO Digital, a digital asset investment company. This brings the total funding for the project to $400 million.
Islamic Coin has also announced a partnership with DDCAP Group, a UK-based company, to develop several Web3 solutions for Islamic finance. Islamic Coin aims to "establish a game-changing financial platform that combines the ethics and traditions of Islamic finance."
It is reported that Islamic Coin is built on its own Haqq blockchain and is designed to strictly adhere to Islamic financial rules and traditions. In August last year, Islamic Coin completed a $200 million private financing round and claimed to have obtained the approval of Fatwa (Islamic legal opinion) for its cryptocurrency project. (Bitcoin.com)
Islamic Coin has also announced a partnership with DDCAP Group, a UK-based company, to develop several Web3 solutions for Islamic finance. Islamic Coin aims to "establish a game-changing financial platform that combines the ethics and traditions of Islamic finance."
It is reported that Islamic Coin is built on its own Haqq blockchain and is designed to strictly adhere to Islamic financial rules and traditions. In August last year, Islamic Coin completed a $200 million private financing round and claimed to have obtained the approval of Fatwa (Islamic legal opinion) for its cryptocurrency project. (Bitcoin.com)
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