Shariah-aligned Digital Currency, Islamic Coin, Collaborates with Republic Crypto
Islamic Coin partners with Republic Crypto in a significant move, merging tradition with modernity and setting a new standard in Shariah-compliant digital finance.
Marking a new chapter in Shariah-compliant digital currency, Islamic Coin has partnered strategically with the esteemed Republic Crypto, a renowned web3 advisory division of the global digital finance trailblazer, Republic. At the crux of this collaboration is a mutual commitment to refining Islamic Coin’s market approach and ensuring its successful implementation. Moreover, the partnership’s scope includes specialized advisories in tokenomics, DAO governance, and long-term economic value strategies.
Republic Crypto’s expertise has proven instrumental in refining various facets of the Islamic Coins framework. They have provided critical insights on devising Shariah-respecting distribution techniques and allocation methodologies and introducing sustainable initiatives to fortify the ecosystem’s longevity.
On another significant front, Islamic Coin has broadcasted its plan to launch a Reg D public token offering. Slated for September 2023 and facilitated through OpenDeal Broker, this offering will be prominently featured on Republic’s elite retail investment platform. With its impending debut, Islamic Coin aspires to bestow a suite of benefits upon its global aficionados, encompassing liquidity provision avenues, staking opportunities, and the enticing prospect of earning tokens during the liquidity mining phase.
The Advisory Board of Islamic Coin is illustrious, embodying influential representatives from UAE’s ruling elite. Among them is the grandson of the UAE’s founding father, Sheikh Dr. Hazza bin Sultan bin Zayed Al Nahyan. Joining him are prominent figures like Sheikh Saeed bin Hamdan bin Mohammed Al Nahyan, the country’s Navy Chief (who offers his insights in an exclusive advisory role), Sheikh Khalifa Bin Mohammed bin Khalid Al Nahyan, Sheikh Mohammad Bin Khalifa Bin Mohammad Bin Khalid Al Nahyan, and the venerable His Highness Sheikh Juma bin Maktoum Al Maktoum and Her Highness Sheikha Mariam Suhail Obaid Suhail Al Maktoum.
A deep dive into the Executive Board of Islamic Coin showcases a blend of experts from both conventional and Islamic financial sectors. Among the many respected figures is Emaar’s Hussein Al Meeza, who also wears the hat of a co-founder. His vast experience spanning over four decades covers the spectrum of Islamic insurance, banking, and finance. Al Meeza’s pioneering role in the genesis of Dubai Islamic Bank is particularly noteworthy. Joining him on this board are key figures like Khamis Buharoon AI Shamsi, previously associated with the Central Bank of the UAE, and Greg Gigliotti of Xtellus Advisors, a seasoned financial expert who, during his tenure at marquee institutions such as Goldman Sachs, has overseen portfolios valued at more than $16 billion.
With this collaboration between Islamic Coin and Republic Crypto, backed by a powerhouse of leaders, the horizon of Shariah-compliant digital finance is poised for transformative changes.