Islamic Coin, a Shariah-compliant digital currency, has announced its upcoming token sale and the appointment of Republic as its Web3 advisor. This collaboration aims to provide support for Islamic Coin’s go-to-market strategy and offer advisory services on tokenomics, DAO governance, and long-term economic utility value. Republic Crypto, a web3 advisory group, will also assist in engaging potential strategic partners, exchanges, and market makers.
To ensure the sustainability of the ecosystem, Republic Crypto has advised Islamic Coin on creating fair and Shariah-compliant allocation options, distribution mechanisms, and other features. This collaboration aims to enhance the value proposition of Islamic Coin and promote its ethical and compliant nature.
In September 2023, Islamic Coin plans to conduct a Reg D public token offering facilitated by OpenDeal Broker on Republic’s retail investment platform. This offering will provide various advantages to the international community, including opportunities to offer liquidity, stake holdings, and participate in liquidity mining.
The Advisory Board of Islamic Coin consists of esteemed members from the ruling families of the UAE, 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, His Highness Sheikh Juma bin Maktoum Al Maktoum, and Her Highness Sheikha Mariam Suhail Obaid Suhail Al Maktoum. Their expertise and guidance contribute to the strategic direction of Islamic Coin.
Additionally, the Executive Board of Islamic Coin comprises experts from both traditional and Islamic finance. Notably, Hussein Al Meeza, a co-founder of Emaar, brings over four and a half decades of experience in Islamic banking, finance, and insurance. 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, also serves on the Executive Board. Greg Gigliotti, the CEO, Chief Investment Officer, and Founding Partner of Xtellus Advisors, further strengthens the team with his extensive background in global institutions.
Islamic Coin’s Reg D offering is scheduled for September 2023. With Republic’s support as its Web3 advisor, Islamic Coin aims to establish itself as a leading Shariah-compliant digital currency, providing innovative solutions for the global Islamic finance community.
Republic is a global technology firm at the forefront of the digital transformation of finance. Its ecosystem includes an enterprise-focused digital merchant bank and a network of international retail investment platforms. With the backing of leading institutions such as Valor Equity Partners, Galaxy Interactive, Morgan Stanley, Hashed, and AngelList, Republic has enabled millions of community members from over 150 countries to invest billions of dollars into thousands of private ventures. Headquartered in New York City, Republic has operations in the US, UK, UAE, South Korea, and Singapore.
Disclaimer: This news article is for informational purposes only and does not constitute financial advice. Readers should do their own research before making any investment decisions.