New Bitcoin Of The Middle East - Forbes Middle East
We are launching a $100,000,000 ICO = Habibi Coin
Dubbed as the "Next Bitcoin of The Middle East" by Forbes Middle East
Dubai-based millionaire, investor and entrepreneur, Com Mirza, is set to launch an unprecedented solution for investors wishing to tap into a Shariah-compliant cryptocurrency.
Habibi Coin will aim at providing investors with a way to invest in adherence to their Muslim faith, by avoiding the payment of interest.
The startup has already seen a staggering 750-member syndicate that is willing to invest in Habibi Coins with a $100-million initial coin offering (ICO), in addition to $3 million dollars raised by Mirza.
Habibi Coins will cater to investors in the cryptocurrency sector whilst enabling them to avoid the payment of interest and risks when buying a property.
There is a significant need for diversified financial solutions to cater for individuals wishing to purchase a house without the conventional interest based mortgage system.
Habibi Coin was set up to provide a solution to this problem by buying out properties for those who don’t afford it through the Habibi Coin system and then providing a Shariah complaint way of obtaining ownership of the property to potential buyers.
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Than's an interesting article. What do you think about their founders? I mean there are some controversial reviews online, showing certain discrepancies in their past claims and actions. Also, riba looks to be a problem for Habibicoin. Is there any evidence, that this is not haram?