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Islamic Coin Announces a Landmark MoU with CoinDesk Indices

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A New Era in Digital Assets Emerges as Strong Partnerships Bolster Islamic Coin’s Vision

DUBAI, United Arab Emirates, Sept. 15, 2023 /PRNewswire/ — During his speech at TOKEN2049 in Singapore, Mohammed AlKaff AlHashmi, Founder of Islamic Coin, announced a landmark Memorandum of Understanding (MoU) between Islamic Coin, a native currency of HAQQ, a community-run network, dedicated to empowering an ethics-first Shariah-compliant financial ecosystem, and CoinDesk Indices (CDI), the leading provider of digital asset indices by AUM since 2014, to explore a strategic partnership to develop groundbreaking index strategies. 

“This partnership marks a promising alignment of interests as both entities look to tap into the rapidly growing interest in crypto and inclusive finance,” said Mohammed AlKaff AlHashmi. “With the global Islamic finance market forecasted to surpass $3.69 trillion by 2024, this collaboration is poised to reshape the landscape of Shariah-compliant digital financial services.

Major highlights of this proposed relationship include:

  • Index-Based Products – Licensing of various CDI indices for exchange-traded financial products, paving the way for innovative instruments such as an Islamic Coin ETF, Staked Islamic Coin ETF, and multi-token Shariah-compliant products.
  • New Indices – Creating new Shariah-compliant indices, incorporating the Shariah oracle and compliant systematic strategies.
  • Index Data – CDI will offer API access to selected digital assets for HAQQ’s internal use, including its digital asset exchange.

“We are excited to expand our presence into the MENA region through this collaboration,” said Alan Campbell, President of CoinDesk Indices. “CoinDesk is committed to serving global markets and offering solutions that drive the digital asset opportunity and community forward.”

Over the past year, Islamic Coin has garnered massive support from the industry. Earlier this year, the project partnered with Sushi, one of the world’s top decentralized exchanges. This partnership promises several benefits for the Islamic Coin community, including liquidity provision, asset staking, and token earning during the liquidity mining phase. The project has also won several awards including, Most Promising ESG Crypto and the Golden Excellence Award from The Middle East Blockchain Awards. 

The latest proposed collaboration between Islamic Coin and CDI heralds a new chapter in ethical finance and digital currency. With a shared vision and commitment, both entities intend to drive revolutionary change and grow participation in digital asset solutions.

Be the first to know about updates regarding this exciting partnership by contacting us today. 

About Islamic Coin
Islamic Coin is a Shariah-compliant cryptocurrency native to the HAQQ ethics-first financial ecosystem. It aims to equip the global Muslim community with halal financial instruments for the digital age, enabling seamless transactions and interaction while supporting transparency, innovation, and philanthropy. 

Shariah Oracle‘s on-chain mechanism controls a whitelist of smart contracts to ensure users interact only with Shariah-compliant dApps. At the same time, 10% of each $ISLM issuance is deposited into Evergreen DAO for further investment into Islam-related ventures or charities, bringing direct economic value to the community. The project raised $400 million during a private sale, beating all previous records. Islamic Coin is set to launch on both centralized and decentralized exchanges in September 2023.

About CoinDesk Indices

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CoinDesk Indices (CDI), a subsidiary of CoinDesk, has been the leading provider of digital asset indices by AUM since 2014. CDI is driven by research and a desire to educate the marketplace and empower investors. CoinDesk is the most trusted media, events, indices and data company for the global crypto economy. 

CDI has three distinct product lines: single-asset reference rates and indices, broad market and sector indices, and dynamic strategy indices. The CoinDesk Bitcoin Price Index (XBX) has the longest index track record and underlies the world’s largest digital asset products. The broad market and sector indices offer the most comprehensive suite of broad market benchmarks, and the investible sectors are constructed using CDI’s industry-adopted taxonomy. The dynamic strategy indices help investors target specific outcomes.

Press Contacts

Islamic Coin

Anastasiia Kulibaba, PR Manager

[email protected] 

Casey Craig, Global Head of Communications at CoinDesk

[email protected] 

JConnelly

[email protected] 

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Vantage Markets celebrates its 15th anniversary with prizes up to $111,000

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PORT VILA, Vanuatu, Oct. 18, 2024 /PRNewswire/ — Vantage Markets (or “Vantage”) is pleased to announce the launch of the Vantage First Class Promo, an exclusive event marking 15 years of successful trading with traders in selected regions. This promotion serves as a gesture of appreciation to Vantage’s traders, offering premium gifts and highlighting the company’s ongoing commitment to fostering growth in these fast-developing markets. With prizes valued up to USD 111,000, the initiative underscores Vantage’s dedication to its global trading community.

The Vantage First Class Promo includes an array of high-value rewards. The most notable prizes include the Mercedes Benz C220, a luxury trip to Japan for two, the Cartier Tank Must watch, and the Leica M11 Monochrom camera. These prestigious offerings reflect Vantage’s continuous efforts to elevate the trading experience while acknowledging the loyalty and support of its traders over the years.

To participate, eligible traders are required to deposit the qualifying amount within the promotion period and engage in trading key assets such as Forex, Gold, Silver, or Crude Oil. Over the past 15 years, Vantage has remained committed to delivering trading excellence, and this promotion is a continuation of that legacy.

“The Vantage First Class Promo is our way of acknowledging 15 years of unwavering support from our traders. We are excited to offer these exceptional rewards as we strengthen our position in economically dynamic regions,” said Lian J, User Growth Director at Vantage Markets.

This promotion provides an opportunity for traders to enjoy the benefits of Vantage’s platform while being rewarded for their support. For more details on how to participate, please visit the Vantage App. Terms and Conditions apply.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment. VFSC 700271.

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Eruditus Secures $150 Million Series F Funding Led by TPG’s The Rise Fund

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With participation from existing investors Softbank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments and the Chan Zuckerberg Initiative

Eruditus, the parent company of Emeritus, closes funding round to deepen investment in AI products and accelerate growth of enterprise business after achieving profitability

MUMBAI, India, Oct. 18, 2024 /PRNewswire/ — Eruditus, the global leader in making high-quality education accessible and affordable to individuals, companies, and governments around the world, announced today that it has raised a $150 million Series F fundraise led by TPG’s The Rise Fund, the multi-sector strategy of TPG’s global impact investing platform, with participation from existing investors Softbank Vision Fund 2, Leeds Illuminate, Accel, CPP Investments and the Chan Zuckerberg Initiative. This highlights the company’s remarkable growth and impact through continuous innovation in high-quality career-oriented education across the globe. The raise comes on the heels of a banner year for Eruditus in which the company was named the #1 Global EdTech by Time and achieved profitability on a full-year basis.

The funding bolsters Eruditus’ global growth and will be used to invest in AI technology to further enrich the learner experience, expand the company’s rapidly growing business serving governments and enterprises and deepen its investments in the India and APAC regions. As the company continues to grow and scale, it eyes future acquisitions and investments, which have historically contributed to impressive topline growth and expansion in strategic markets. Avendus Capital was the exclusive financial advisor for the fundraise.

Eruditus’ mission to make high quality education accessible and affordable around the world has never been more critical. Business today is changing faster than ever—and the AI revolution means it’s set to change even faster. The company is accelerating its investments in technology to harness the power of generative AI to further enrich the learner experience and provide enhanced learning solutions. Eruditus has already launched proprietary AI-powered tutors for students and programs with partner schools. The need for training in the age of AI is driving unprecedented demand for the company’s enterprise solutions that grew revenue 45% last year.

Steve Ellis, a Managing Partner of The Rise Funds, said “Eruditus is expanding access to new education opportunities and giving professionals at all stages of their careers the skills they need to advance and succeed in today’s rapidly changing workplace. Eruditus’ mission aligns with a core investing theme for The Rise Funds, which focuses on backing strong businesses that are opening pathways to high quality education and driving greater lifetime earning potential for their students. We look forward to working with Eruditus to further enhance the platform and scale the business globally.” As part of The Rise Fund’s investment, TPG’s Simit Batra will join Eruditus’ board of directors.

Today, more than 80+ top tier university partners around the world work with Eruditus to create over 700 professional learning programs delivered to more than 1 million individuals in 80+ countries. The company’s industry-driven certification programs, professional certificates, and workforce leadership development initiatives are defined by personal engagement between faculty and students, course customization, mentoring and coaching, and career counseling. The results are evident in course completion rates of 85% for their professional learners.

“With this investment, we’re excited to continue to grow and innovate to meet market demand,” said Ashwin Damera, CEO, Eruditus and Emeritus. “In a rapidly evolving business environment, we have reimagined education by bringing programs from the world’s leading universities to learners around the globe. Education is the key to transformation, for individuals, companies, and society and we’re appreciative of the support of our investors who enable us to accelerate our growth.”

About Eruditus
Eruditus, the parent company of Emeritus, is committed to teaching the skills of the future by making high-quality education accessible and affordable to individuals, organizations, and governments worldwide. It does this by collaborating with more than 80 top-tier universities across the United States, Europe, Latin America, Southeast Asia, India, and China. Eruditus’ short courses, degree programs, professional certificates, and senior executive programs help individuals learn new skills and transform their lives, companies, and organizations. Its unique model of state-of-the-art technology; curriculum innovation; and hands-on instruction from senior faculty, mentors, and coaches has educated more than 1 million individuals across 80+ countries. The Eruditus Group has more than 1,750 employees globally and offices in Mumbai, New Delhi, Shanghai, Singapore, Palo Alto, Mexico City, New York, Boston, London, and Dubai. The company is backed by TPG, the Chan Zuckerberg Initiative, Leeds Illuminate, Prosus Ventures, GSV Ventures, Peak XV, Bertelsmann, CPP Investments, Accel and SoftBank Vision Fund 2. For more information, please visit www.Emeritus.org.

About The Rise Funds
The Rise Funds are a core pillar of TPG Rise, TPG’s global impact investing platform. Founded in 2016, The Rise Funds invest behind impact entrepreneurs and growth-stage, high potential, mission-driven companies that are focused on achieving the United Nations’ Sustainable Development Goals. The Rise Funds deliver capabilities and expertise across a wide variety of sectors and countries at scale, focusing on opportunities in climate and conservation, education, food and agriculture, financial inclusion, healthcare, and impact services.

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With approximately $19 billion in assets across The Rise Funds, TPG Rise Climate, and the Evercare Health Fund, the TPG Rise platform is one of the world’s largest private markets impact investing platforms committed to achieving measurable, positive social and environmental outcomes alongside competitive financial returns.

For more information, visit therisefund.com.

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XTrend Becomes Gold Sponsor for the Dancing Queen Foundation’s Annual Charity Walk

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LIMASSOL, Cyprus, Oct. 18, 2024 /PRNewswire/ — XTrend, a global leader in online trading solutions, is proud to announce its role as the Gold Sponsor for the Dancing Queen Foundation’s (DQ Foundation) 16th Annual Charity Walk, an event dedicated to raising funds and promoting social awareness for children and teenagers’ psychological well-being in Cyprus.

The DQ Foundation, a non-profit organization committed to making a meaningful difference in the lives of young people, focuses on enhancing their mental health and overall quality of life. Through its initiatives, the foundation strives to create a supportive environment for children and teenagers, offering resources and programs that foster emotional resilience, growth, and well-being.

XTrend, known for its innovative trading platform and commitment to social responsibility, is honored to support this vital cause. The company’s involvement as Gold Sponsor highlights its dedication to contributing positively to the communities it operates in. The partnership with DQ Foundation aligns with XTrend’s mission to promote positive change and well-being beyond the financial sector.

“At XTrend, we believe in the importance of mental health, especially for the younger generation. Partnering with the DQ Foundation allows us to extend our impact by supporting initiatives that directly improve the lives of children and teenagers in Cyprus,” said Michael Rezaie, CEO of XTrend. “We are honored to stand by the DQ Foundation as they continue their vital work in nurturing the psychological well-being of these young individuals.”

The 16th Annual Charity Walk will bring together participants from all over Cyprus and beyond, with the goal of raising significant funds to support the foundation’s ongoing programs. Proceeds from the event will go towards funding critical mental health programs and services for children and teenagers, including counseling, educational workshops, and other support systems aimed at improving their psychological well-being.

XTrend remains committed to making a positive social impact and looks forward to continuing its support for local communities through similar initiatives. This sponsorship further underscores the company’s dedication to giving back and driving positive change for future generations.

About XTrend

XTrend is a leading online trading platform, offering cutting-edge technology and access to a wide range of financial markets. With a focus on user experience and innovation, XTrend provides traders with the tools and resources they need to succeed in today’s dynamic financial landscape.

Warnings: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 57.14% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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