Sharia-Compliant Islamic Coin Secures $200 Million in Funding From ABO Digital

Islamic coin, a Sharia-compliant crypto asset, has secured $200 cardinal from ABO Digital, which brings to $400 cardinal the full backing that the task has received. The latest superior rise is expected to springiness the crypto task entree to backing of up to $200 cardinal arsenic good arsenic to guarantee that the coin “has a agelong and unchangeable runway.”

Revolutionizing the Sharia-Compliant Market

Islamic coin, the “Sharia-compliant” integer asset, has secured $200 cardinal from ABO Digital, the integer plus concern limb of the ABO group. The latest rise brings to $400 cardinal the full backing the crypto task has received.

According to a property release, ABO Digital’s superior injection is expected to springiness crypto-asset entree to backing of up to $200 cardinal arsenic good arsenic to guarantee that the coin “has a agelong and unchangeable runway.” Remarking connected ABO Digital’s determination to spouse with Islamic Coin, Amine Nedjai, the CEO of the integer plus concern firm, said:

ABO Digital is thrilled to collaborate with Islamic Coin arsenic an alternate concern provider. This ambitious project, supported by a stellar team, is revolutionizing the Shariah-compliant marketplace by introducing digitization. We are honoured to person been selected arsenic a partner.

In summation to receiving planetary recognition, Islamic Coin has signed a memorandum of knowing with the United Kingdom-based DDCAP Group. This partnership, according to the property release, volition effect successful the improvement of respective solutions for Islamic Finance specified arsenic a Shariah-compliant Web3 alternate to the Society for Worldwide Interbank Financial Telecommunication (SWIFT). A integer plus platform, cardinal slope integer currencies, and tokenization are the different solutions that volition ostensibly beryllium developed arsenic a nonstop effect of the partnership.

Islamic Coin co-founder Mohammed AlKaff AlHashmi said his squad is “building a game-changing fiscal level that brings unneurotic morals and the traditions of Islamic Finance.”

Some of the big-name Middle East North Africa (MENA) leaders that are reportedly backing the crypto task see the grandson of the United Arab Emirates laminitis Sheikh Dr. Hazza bin Sultan bin Zayed Al Nahyan. Besides the backing of the Abu Dhabi and Dubai ruling families, the endeavor is supported by Islamic concern experts.

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