DDCAP News

26 April 2023, Zug, Switzerland – Swiss HAQQ Association, Islamic Coin and London based DDCAP Group™ (DDCAP) have entered into a memorandum of understanding to explore the potential opportunities of working together, utilising DDCAP’s award-winning Shariah compliant financial technology, ETHOS AFP™ (ETHOS), and HAQQ’s digital asset platforms on the HAQQ Blockchain.

The proposed alliance will focus on building industry grade systems and cater to growing market demand for ethics-first, Shariah compliant infrastructure. DDCAP, bringing over 25 years of expertise in sustainable intermediary services and systems to the Islamic financial market, will work closely with the HAQQ team to launch exclusive and ground-breaking solutions for the new Digital Age.

The environmentally friendly and proof-of-stake HAQQ Blockchain that HAQQ Association supervises will play host to a number of solutions for Islamic finance that include a Shariah-compliant Web3 alternative to SWIFT, a digital asset platform, CBDCs, tokenization and other ventures.

“Actively supporting SDGs, both sides appreciate the similarities between the improvements sustainable development is aiming to achieve and the principles of Shariah finance, that focus on fairer, better money,” comments Mohammed AlKaff AlHashmi, HAQQ Association Member and Islamic Coin Сo-founder.

Stella Cox CBE, Managing Director of DDCAP, said “We are delighted to have entered into a partnership with the HAQQ Association to explore potential areas of cooperation in the fast-moving and ever-expanding worlds of Islamic finance and Blockchain, particularly those areas which resonate with our own sustainable and responsible actions programme in support of the UN SDGs”.

The HAQQ Blockchain and its native Islamic Coin token have received worldwide acclaim and recognition. After securing a record $200M from private investors and HNWIs, the HAQQ-Islamic Coin team have secured awards around the globe including the prestigious Most Promising ESG Crypto at The Middle East Blockchain Awards in 2022 and the Golden Excellence Award granted by the UAE Minister of Tolerance, His Excellency Sheikh Nahyan Mabarak Al Nahyan. The founders have presented to international luminaries at the UN’s COP27 and are actively supporting the UN agenda.

The Advisory Board includes members of Abu Dhabi and Dubai Ruling Families, including the grandson of UAE founder Sheikh Dr. Hazza bin Sultan bin Zayed Al Nahyan, UAE Navy Chief Sheikh Saeed bin Hamdan bin Mohammed Al Nahyan (advising in private capacity), Sheikh Khalifa Bin Mohammed bin Khalid Al Nahyan, Sheikh Mohammad Bin Khalifa Bin Mohammad Bin Khalid Al Nahyan, His Highness Sheikh Juma bin Maktoum Al Maktoum and Her Highness Sheikha Mariam Suhail Obaid Suhail Al Maktoum.

The team recently launched a $40M fund to support Shariah-compliant ventures on the HAQQ blockchain and is working closely with both the public and private sectors to further its mission, empowering the world’s Muslim community and beyond with a financial instrument for the Digital Age, that enables seamless transactions and interaction, while supporting innovation and philanthropy.

About HAQQ Association

HAQQ Association is a Swiss based (non-profit) association. It is funded via donations. It brings together the most reputable actors of the Islamic world in order to promote the community driven decentralized technologies worldwide. One of the most important functions of HAQQ is to supervise further development of HAQQ Blockchain and make sure that development goes in accordance with principles of Islamic finance. Such supervision is conducted by world renowned Shariah Scholars and Islamic finance professors as members of HAQQ’s Shariah Board.

To find out more, visit www.haqq.network or contact 
Sham Hamayun
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