Islamic Coin secures additional $200mln from ABO Digital

Islamic Coin secures additional $200mln from ABO Digital

Dubai, UAE – Islamic Coin, the Shariah-compliant, ethics-first crypto has again shattered records, securing $200M from Alpha Blue Ocean’s ABO Digital. Total funding has reached $400M, beating Circle, BlockFi and Solana and has become one of the largest ever in the history of crypto space. Both Islamic Coin and the Haqq Network that powers it cater to the world’s 1.9 billion Muslims and beyond, focused on game-changing products and services. The award-winning digital money has received worldwide recognition from international luminaries, state and regional leadership, as the team delivers on its mission to empower the world's Muslim community with a financial instrument for the Digital Age. From presenting at the UN’s COP27 in Sharm El Sheikh, to being recognized as the Most Promising ESG Crypto at the Abu Dhabi Blockchain Awards, the Executive Team has received unwavering international support from both private investors, funds as well as the financial world. The latest partnership will entail introducing Islamic Coin to the ABO network of investors and helping the team structure innovative Shariah-compliant financial products that could be used in the digital asset space to raise alternative funding. The deal provides for access to a maximum of $200M as and when required