[PRESS RELEASE – Zug, Switzerland, October 9th, 2023]
The much-anticipated launch on October 10 is the first listing of the Islamic currency with more in the pipeline.
Mohammed Al Kaf Al Hashemi, CEO of Islamic Coin, commented: “We are excited about this achievement and look forward to building more relationships with leading exchanges around the world, in order to bring the benefits of Sharia-compliant financing to the Islamic community and beyond.”
With philanthropy and philanthropy a key part of the ecosystem, the team has been actively cultivating connections within sustainability circles and participating in international events such as COP27 in Sharm El Sheikh and the International Youth Conference in New York, both held under the auspices of the United Nations. . The Islamic currency, along with the HAQQ blockchain built on a proof-of-stake mechanism, is widely known for its environmentally friendly properties and alignment with UN goals of reducing energy consumption and enhancing access to financial services.
Both the Islamic coin and its underlying Haq network have received significant global attention. They have established strategic partnerships, particularly with the DDCAP Group in London, facilitating seamless integration with over 300 global Islamic banks. In addition, the team has strengthened collaboration with key entities such as Fambras, the largest global halal certification agency, and Sushi, a prominent decentralized exchange on the global stage. The ecosystem also includes Pyypl, one of the largest payment apps in the Middle East, and Holiday Swap, the world’s leading home swapping service around the world.
The Advisory Council itself already includes members of the ruling families of Abu Dhabi and Dubai, including Sheikh Dr. Hazza bin Sultan bin Zayed Al Nahyan, Sheikh Saeed bin Hamdan bin Mohammed Al Nahyan, Sheikh Khalifa bin Mohammed bin Khalid Al Nahyan, and Sheikh Mohammed bin Khalifa bin Zayed. Al Nahyan. Mohammed bin Khalid Al Nahyan and His Highness Sheikh Juma bin Maktoum Al Maktoum. The team also includes prominent names in the field of conventional and Islamic finance.
The Executive Board of Islamic Coin includes Hussein Al Meeza from Emaar (also a co-founder), one of the key figures involved in establishing Dubai Islamic Bank – the world’s first full-fledged Islamic bank. The Executive Board also includes Khamis Buharoun Al Shamsi, former Assistant Director of the Finance Department and Assistant Director of the Internal Audit Department at the Central Bank of the United Arab Emirates. The impressive list includes Greg Gigliotti, CEO, Chief Investment Officer and Co-Founder of Xtellus Advisors Gigliotti is a respected fund manager with experience at Goldman Sachs and other global institutions and has managed a portfolio worth more than $16 billion over his career.
The Islamic Currency Shariah Board is headed by Sheikh Dr Nizam Muhammad Salih Yaqubi, who is recognized by Bloomberg as the “gatekeeper” to the $2 trillion market for Islamic financial products. Sheikh Yaqubi is a member of the Sharia boards of major international financial institutions, including HSBC, Lloyds TSB, and Barclays. The French bank BNP Paribas, Credit Agricole and Citigroup.
Islamic currency It is a Sharia-compliant cryptocurrency native to the HAQQ financial ecosystem. It provides halal financial tools for the digital age, enabling seamless transactions and interaction while supporting transparency, innovation and philanthropy. The project raised $400 million during a private sale, surpassing all previous records in the cryptocurrency space.
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