Dr. Mohammed Bechari, Secretary General of the UAE World Council of Muslim Communities joins Islamic Coin as a member of the Executive Board.
“Participation of Dr. Bechari, known for his academic and public activities, a supporter of peace and dialogue, will serve to further strengthen the position of Islamic Coin in the global Muslim community and in the field of digital finance that complies with Shariah law,” the company said in a statement.
Dr. Bechari is the President of the French National Federation of Muslims and the Secretary General of the Islamic European Conference. Bechari is also the founder of the Avicenna Institute in Lille and a member of the King Abdullah bin Abdulaziz International Center for Interreligious and Intercultural Dialogue (KAICIID) in Vienna, Austria.
“I am very pleased to work on such an inspiring project. I look forward to developing wonderful initiatives for the Muslim community of the world,” Dr. Behari commented on his appointment.
Dr. Bechari joins the leading regional and global heads of state, Islamic and traditional finance. This includes Sheikh Khalifa bin Mohammed bin Khalid Al Nahyan, Chairman of the Board of Directors of the private department of Sheikh Mohammed bin Khalid Al Nahyan.
The company’s board of directors also includes Hussein Al Miza, a co-founder and award-winning banker with more than 40 years of experience in the Islamic banking, financial and insurance sectors. Al Miza is well known as one of the key figures involved in the creation of Dubai Islamic Bank, the first full-fledged Islamic bank in the world.
Executive Board of Islamic Coin recently also welcomed Greg Gigliotti, CEO, Chief Investment Officer and founding partner of Xtellus Advisors. Gigliotti is a respected fund manager with experience at Goldman Sachs and other global institutions, who has managed a portfolio worth more than $16 billion during his career.
The Islamic Coin Shariah Council is headed by Sheikh Dr. Nizam Mohammed Saleh Yaqubi, recognized by Bloomberg as the “Gatekeeper” of the $2 trillion Islamic financial products market. Sheikh Yaqubi is a member of the Sharia councils of leading international financial companies, including HSBC, Lloyds TSB and Barclays; French BNP Paribas, Credit Agricole and Citigroup.
Islamic Coin is rapidly becoming a powerful force in the crypto space. The developers of the first digital currency corresponding to Islam recently announced support for the UN SDGs and participated in the WGGO conference in New York.
IslamicCoin is the first project to provide the community with powerful financial technology that allows for seamless transactions, support innovation and charity. The project is 100% compliant with Sharia law and benefits the community. Developers focus on sustainable development and use technology and innovation to ensure financial sustainability.
“At the heart of Islamic finance is the prohibition on charging interest. Islamic finance has always been focused on not shifting most of the risks to one side of the financial relationship. In Islamic finance, balance and transparency of transactions should be observed, which can negatively affect our society,” says Mohammed AlKaff AlHashmi, one of the founders of IslamicCoin.
Islamic Coin is aimed at 1.1 billion Muslims using the Internet. The project creates convenient tools designed for users who have never been owners of cryptocurrencies. Thus, the creators of IslamicCoin are expanding the capabilities of the Muslim online community by providing it with opportunities to use a new form of digital money and involving them in the modern digital world.