For almost a year now, as a blockchain and crypto blogger I have been reading about the Haqq Blockchain network through their press releases, and this has raised doubts about the entity and its activities.  First doubt came with  the announcement of the large investment they claim to have raised. First it was $200 million dollars raised in August 2022 in a private sale where none of the HNWI investors were mentioned. Then almost a year later in July 2023, Haqq Blockchain/Islamic Coin announced another $200 million investment, this time stating it was from ABO Digital, a subsidiary of multi-family office Alpha Blue Ocean Group. Looking closer at this announcement of the $200 million from ABO Digital, the information states, “The latest partnership will entail introducing Islamic Coin to the ABO network of investors and helping the team structure innovative Shariah-compliant financial products that could be used in the digital asset space to raise alternative funding. The deal

  After committing to invest $200 million in IslamicCoin issued by HAQQ Blockchain, a shariah compliant coin, Alpha Blue Ocean’s ABO Digital has invested $10 million potential investment in Blocktrade. ABO Digital a strategic financing partner in Blocktrade’s utility token BTEX. Blocktrade is a pioneering gamified crypto trading platform that combines blockchain technology and gamification principles to provide a seamless and immersive trading experience for digital assets. The financing commitment from ABO Digital brings added value to the gamified users on Blocktrade's platform, allowing them to explore exciting new product launches and enhanced features. The investment will fuel the development of cutting-edge technologies, providing users with a richer and more immersive experience within the gamified asset marketplace. Additionally, the financing commitment will enable Blocktrade to expand its user base, attract top-tier game developers, and foster strategic partnerships

  IslamicCoin, issued by HAQQ Blockchain ( Haqq means truth in Arabic), which is Shariah compliant has raised another $200 million from Alpha Blue Ocean’s ABO Digital. As such the total funding now stands at $400 million. The founders of Haqq Network include two prominent UAE banking experts. The network aim to cater to the world’s 1.9 billion Muslims. IslamicCoin was presented at the UN’s Cop27 in Egypt and was recognized as the Most Promising ESG Crypto at the Abu Dhabi Blockchain Awards, the Executive Team has received unwavering international support from both private investors, funds as well as the financial world. The latest partnership will entail introducing Islamic Coin to the ABO network of investors and helping the team structure innovative Shariah-compliant financial products that could be used in the digital asset space to raise alternative funding. The deal provides for access to a maximum of $200M as and when required and ensures Islamic Coin has a long and stable ru