Islamic Coin, a digital currency operating in accordance with Shariah principles and emphasizing ethical considerations, has gained global recognition for its unique attributes. The project has recently entered into a strategic partnership with Republic Crypto, a prominent web3 advisory group affiliated with Republic, a leading figure in global digital finance.
This collaboration entails comprehensive assistance aimed at propelling Islamic Coin’s market entry strategy. The cooperative endeavors encompass meticulous advisory services covering tokenomics, DAO governance, and the long-term economic viability of the coin. Furthermore, Republic Crypto will play a pivotal role in establishing connections with potential strategic partners, exchanges, and market facilitators.
In the process of refining Islamic Coin’s value proposition, Republic Crypto has provided guidance on designing equitable and Shariah-compliant allocation methods, distribution mechanisms, and other protocols aimed at enhancing sustainability within the ecosystem.
Separately, Islamic Coin has outlined its plans to conduct a Reg D public token offering through OpenDeal Broker on Republic’s retail investment platform in September 2023. This milestone will offer the global Islamic Coin community various benefits, including opportunities to contribute liquidity, stake holdings, and acquire tokens during the liquidity mining phase.
Eminent figures from the ruling families of the United Arab Emirates guide Islamic Coin’s Advisory Board. These include notable individuals like Sheikh Dr. Hazza bin Sultan bin Zayed Al Nahyan, the grandson of the UAE’s founder, and Sheikh Saeed bin Hamdan bin Mohammed Al Nahyan, the Navy Chief of the country (in an advisory capacity). Other distinguished personalities on the board are 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.
The Executive Board comprises experts from both traditional and Islamic finance sectors. Notably, Hussein Al Meeza, a co-founder of Islamic Coin, stands out with his extensive background in Islamic banking, finance, and insurance, spanning over four and a half decades. Al Meeza played a pivotal role in establishing the Dubai Islamic Bank, one of the earliest fully operational Islamic banks. Further enhancing the board’s strength is Khamis Buharoon AI Shamsi, formerly associated with the Central Bank of the UAE, and Greg Gigliotti, CEO, Chief Investment Officer, and Founding Partner of Xtellus Advisors. Gigliotti’s substantial experience, gained from renowned institutions like Goldman Sachs, adds to the team’s formidable profile, having managed portfolios exceeding $16 billion throughout his career.
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