What Is Islamic Coin? All About Shariah-Compliant Cryptocurrency That Announced Public Token Offering

The Shariah-compliant cryptocurrency Islamic Coin has announced plans to launch a Reg D public token this month via Republic’s OpenDeal Broker for both centralized and decentralized exchanges. 

What Is Islamic Coin?

Islamic Coin, also known as ISLM is a new player in the world of cryptocurrency. It is a native currency of HAQQ, a community-run network, dedicated to empowering Shariah-compliant financial ecosystem. The Haqq blockchain is built on the Cosmos SDK. ICNetwork Ltd is the developer of the HAQQ Blockchain. ICNetwork Ltd is a privately financed technological enterprise founded by a group of blockchain and fintech entrepreneurs. Its founders include Andrey Kuznetsov, Alex Malkov, Mohammed AlKaff AlHashmi and Hussein Mohammed Al Meeza.

Islamic Coin-Web3 Partnership

Islamic Coin had earlier partnered with Republic Crypto, the Web3 advisory branch of digital finance firm Republic. Islamic Coin's public token is currently scheduled for a September launch. The cryptocurrency’s team said that the token launch will mean that retail investors will be able to participate in what used to be a project financed exclusively by large venture capital funds. 

Islamic Coin Funding

Islamic Coin has already raised over $400 million, including funding from Alpha Blue Ocean's ABO Digital, DF101, Futurecraft Ventures, and Optic Capital.