The Sharia-compliant Islamic coin has secured $200 million from international private buyers during its private sale. Targeting the world’s 2 billion Muslim population, crypto and ethical crypto adopters broke all records, becoming the highest private sales increase in 2022 and the top 10 increase in history.
The Sharia-compliant digital currency has received a fatwa issued by the world’s leading experts on Sharia law. The edict was issued by Sheikh Dr. Nizam Mohammed Saleh Yaquby, recognized as “The Gatekeeper” of a $2 trillion market in Islamic financial products.
The award-winning team consists of leading figureheads in traditional and Islamic finance such as Peter Rafferty, former manager of the $600 billion portfolio at the Abu Dhabi Investment Authority, and Khamis Buharoon Al Shamsi, former head of the bank inspection team at the UAE Central Bank.
Co-founder Hussein Al Meeza, Mohammed Alkaff, Alex Malkov and Andrei Kuznetsov all have impressive CVs. Both Mr. Al Meeza and Mr. Alkaff are leading finance and technology professionals. While Hussein Al Meeza was a key figure in Dubai Islamic Bank, the world’s first fully-fledged Islamic bank, as well as a founding member of Emaar Properties and AMLAK Finance, Mohammed Alkaff is a computer engineer with more than 18 years of experience in Industry 4.0, artificial intelligence and machine learning . Andrey Kuznetsov is a serial entrepreneur and engineer focused on fintech, cybersecurity and network development while Alex Malkov has consulted on projects for its key members including AAVE, Bequant, Scalable Solutions, AADollar and other industry leaders.
Islamic Coin’s ethics-first philosophy has earned its praise in the Middle East and internationally. The digital currency, based on religious and ethical standards, is the only digital asset in the world that gives back to its community. 10% of every issuance from ISLM goes to the Evergreen DAO, which focuses on charity, philanthropy and Sharia compliant and sustainable ventures.
Islamic Coin is built on its own Haqq blockchain, the first Shariah compliant decentralized ledger specifically designed to comply with the rules and traditions of Islamic finance. The international roadshow continues in the Middle East and Europe, and ISLM will be launched on prime exchanges shortly.