Islamic Coin Secures Investment From A195 Capital After Partnering With Over 300 Banks

As the crypto landscape continues to evolve, it's essential to stay updated with the latest trends and insights, including the growing interest in Shariah-compliant financial instruments.
What Happened: A195 Capital on Wednesday announced an undisclosed investment in Islamic Coin, an ethics-first cryptocurrency set to officially launch in September.

The digital asset aligns with Shariah principles and has garnered attention from various venture capitalists and private investors.

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A195 Capital is led by veteran entrepreneur Scott Walker, whose past investments include names like Ethereum ETH/USD, EOS EOS/USD, and Block.one.

With a diverse portfolio featuring projects such as Casper, Chainlink, and Polkadot DOT/USD, A195 Capital joins a growing list of Islamic Coin backers, including ABO Digital, DF101, and Futurecraft Ventures.

Ben Clarke from A195 Capital expressed his enthusiasm about the partnership, stating, “It is incredible what the team has achieved and we look forward to working together and bringing the principles of Shariah finance to more industries, as an ethical and powerful alternative.”

Islamic Coin recently revealed a collaboration with DDCAP Group, which connects it to over 300 Islamic Banks, and with Holiday Swap, a global home exchange platform.

Why It Matters: This partnership will leverage Haqq, the blockchain on which Islamic Coin is built, to integrate a loyalty token system, enhancing the services offered to users.

“We are honored to partner with A195 Capital to roll out our Shariah-compliant platform to the Muslim world and beyond," Islamic Coin founder Mohammed AlKaff AlHashmi said, calling the partnership "a great opportunity to work with amazing minds.”

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Image: IslamicCoin.net