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IslamicCoin
Shariah-compliant decentralized finance
- 21-100 employees
- Fintech
- B2C
- Cryptocurrency
- Blockchain
- Web 3.0
- Baar, ZG
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Company mission
To empower the world's Muslim community with a financial instrument for the Digital Age, that enables seamless transactions and interaction while supporting innovation and philanthropy.
Our take
There are 1.9 billion Muslims in the world, who must navigate modern finance systems while adhering to Islamic Finance principles. This means they must generate their wealth through legitimate trade and investment in assets, which decentralized finance structure is not built to ensure.
On a mission to draw the Muslim community into the digital finance space without compromising on values and faith is IslamicCoin, a shariah-compliant digital asset company building on the Haqq network. It is creating Web 3.0 alternatives to SWIFT, a digital asset platform, CBDCs, tokenisation and other ventures.
Interestingly, talks of Web 3.0 funding plummeting didn’t affect IslamicCoin, as it managed to acquire a large instalment of funding in 2023. This funding means the company is taking over Crypto giants like Solana with its backing numbers. There is most definitely a gap in the market for its endeavours and it’ll be exciting to see how IslamicCoin continues to build a robust structure for the digitised Islamic finance sector.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Professional development and growth opportunities
- Performance-based bonuses
- Flexible remote work options
- Opportunity to work in a rapidly growing and innovative industry
- Collaborative and inclusive team environment
- Access to cutting-edge blockchain technology and cryptocurrency insights
Company values
- KHULOOS - Sincerity and Integrity: We place the utmost importance on sincerity and integrity in our communications and interactions with one another and the wider community. Transparency and openness are vital for fostering a thriving business and ecosystem
- ISLAH - Self-Improvement and Positive Change: Committed to daily self-improvement, we employ innovative financial practices grounded in Islamic values to drive positive change in our communities and the world. Islah signifies our dedication to continuously reforming ourselves and our practices in pursuit of excellence and meaningful impact
- WAHDA - Unity and Collaboration: We celebrate diversity and work collectively towards establishing an ethics-first economy. We aim to unite the Muslim community and beyond through a sustainable financial ecosystem by encouraging diverse perspectives and solutions and fostering collaboration and cooperation
Funding (1 round)
Jun 2023
$200m
GROWTH EQUITY VC
Total funding: $200m
Leadership
Alex Malkov
(Co-founder & CEO)Also a legal advisor at Brighty App and previously CEO of Arbi.
Andrey Kuznetsov
(Co-founder & CTO)Prior work includes Exec Director and Co-founder of Dialog Platform and CTO and Co-founder of Actor and OnSails.
Mohammed AlKaff AlHashmi
(Co-founder)Currently CEO and Partner of MCPM Group and CEO of Netaq E-solutions.