5 November 2024, Tue |
4:48 PM
Islamic Coin, the Shariah-compliant digital currency that has been attracting global attention, recently announced its listing on KuCoin, one of the world’s largest cryptocurrency exchanges. This highly anticipated launch on October 10th represents the first in a series of upcoming listings for Islamic Coin, suggesting further developments on the horizon.
Established in 2017, KuCoin has gained recognition for its rewarding system. The platform boasts support for over 1,200 cryptocurrency trading pairs and 700 different coins. With a user base exceeding 30 million individuals worldwide and an impressive daily trading volume of $30 billion, KuCoin has firmly established itself as a leading platform in the industry.
Mohammed AlKaff AlHashmi, CEO of Islamic Coin, expressed his excitement about this milestone and the prospect of forging more relationships with prominent exchanges worldwide. He highlighted the mission to extend the benefits of Shariah-compliant finance to the Muslim community and beyond.
Dedicated to charity and philanthropy, the Islamic Coin team has actively cultivated connections within sustainability circles and has participated in international events, such as COP27 in Sharm El Sheikh and the Youth International Conference in New York, both held under the auspices of the UN. Islamic Coin, along with the HAQQ blockchain built on a Proof-of-Stake mechanism, is widely recognized for its eco-friendly attributes and alignment with the UN’s objectives related to reduced energy consumption and improved access to financial services.
Both Islamic Coin and its underlying Haqq Network have garnered significant global attention and formed strategic partnerships. These include alliances with London’s DDCAP Group, which facilitates seamless integration with over 300 global Islamic Banks. Additionally, collaborations have been solidified 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 encompasses Pyypl, one of the Middle East’s largest payment applications, and Holiday Swap, the world’s leading home-swapping service worldwide.
The Advisory Board boasts members from 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, Sheikh Mohammad Bin Khalifa Bin Mohammad Bin Khalid Al Nahyan, and His Highness Sheikh Juma bin Maktoum Al Maktoum. The team also includes prominent figures in traditional and Islamic finance. Islamic Coin’s Executive Board includes Emaar’s Hussein Al Meeza, a co-founder and key figure in establishing Dubai Islamic Bank—the world’s first fully-fledged Islamic bank. The Executive Board also features Khamis Buharoon AI Shamsi, the former Assistant Director of the Finance Division and Assistant Director of the Internal Audit Division of the Central Bank of the UAE. The impressive list extends to Greg Gigliotti, CEO, Chief Investment Officer, and Founding Partner of Xtellus Advisors, a respected fund manager with experience at Goldman Sachs and other global institutions, having managed a portfolio exceeding $16 billion during his career.
Islamic Coin’s Shariah Board is led by Sheikh Dr. Nizam Mohammed Saleh Yaquby, recognized by Bloomberg as ‘The Gatekeeper’ of a $2 trillion market for Islamic financial products. Sheikh Yaquby serves on the Shariah boards of major international financial institutions, including HSBC, Lloyds TSB, Barclays, BNP Paribas, Credit Agricole, and Citigroup in France.
