According to NewsBTC, Islamic Coin, an Islamic encryption project, announced the completion of a $200 million private placement financing, and the encryption project has been approved by fatwa (Sharia jurisprudence). Islamic Coin is built on its own blockchain, Haqq, designed to strictly adhere to Islamic financial rules and traditions, and 10% of each token issued by the project will go to the Evergreen DAO, which focuses on investing in charitable causes and Islamic compliance Shariah and sustainable business.