Islamic DeFi project inshAllah completes a $2.10 million seed round led by Alliance DAO

Islamic DeFi project inshAllah Finance has announced the completion of a $2.10 million seed round led by Alliance DAO, with participation from Blockchain Builders Fund, Polymorphic Capital, Sancus Ventures, and multiple angel investors. inshAllah Finance aims to combine Islamic finance with decentralized finance (DeFi) through the Solana network, providing financial services that comply with Islamic law to the world's 2 billion Muslims. Its latest products include iAUSD, a yield-bearing stablecoin compliant with Islamic law, and iABorrow, a zero-interest, low-liquidation penalty lending protocol. [Odaily星球日报]