In yet another partnership 🤝move that is set to bring value to the landscape of Shariah-compliant digital financial services, Islamic Coin, the native currency of HAQQ blockchain, has entered into an exciting partnership with CoinDesk Indices. This collaboration marks a significant milestone in the journey towards creating a robust Shariah-compliant financial ecosystem in the Middle East and North Africa markets.
📜 The Memorandum of Understanding: Forging a New Era of Finance 📜
Islamic Coin and CoinDesk Indices have inked a memorandum of understanding (MoU) with an ambitious vision – to develop pioneering Shariah-compliant crypto benchmarks. This partnership aims to provide investors in the Middle East and North Africa regions with innovative and trustworthy benchmark indices tailored to the principles of Islamic finance.
💼 Licensing for Exchange-Traded Financial Products 💼
One of the key objectives of this alliance is to facilitate the licensing of CoinDesk Indices benchmarks for exchange-traded financial products. By doing so, Islamic Coin and CoinDesk Indices are opening doors to a diverse range of investment opportunities that align seamlessly with Islamic financial principles.
🚀 Unlocking Access to CDI's API 🚀
Additionally, HAQQ, the blockchain dedicated to creating a Shariah-compliant financial system and the proud home of Islamic Coin, will gain access to CoinDesk Indices' API for selected digital assets. This access extends to HAQQ's digital asset exchange, promising enhanced capabilities and efficiency in managing digital assets while adhering to Shariah guidelines.
💰 A Booming Market: Seizing the Opportunity 💰
With the global Islamic finance market on a trajectory to surpass a staggering $3.69 trillion by 2024, Mohammed AlKaff AlHashmi, the visionary founder of Islamic Coin, couldn't be more optimistic. He enthusiastically remarked, "With this collaboration, we are poised to reshape the landscape of Shariah-compliant digital financial services."
🌐 CoinDesk Indices: A Trusted Name 🌐
It's worth noting that CoinDesk Indices, a subsidiary of CoinDesk, has a sterling reputation for delivering high-quality, reliable financial data. Their involvement in this partnership adds an extra layer of credibility to the development of Shariah-compliant benchmarks.
This historic partnership between Islamic Coin and CoinDesk Indices marks a pivotal moment in the world of Islamic finance. Together, they are not only pioneering innovation but also fostering a brighter financial future that adheres to the principles of Shariah. 🚀🌙 #CoinDeskIndices #crypto2023 #BTC #ETH #Binance
(Disclaimer: This is not an investment advice. Do your own research before making any investment decisions.)
