🔵 Islamic $DeFi Project inshAllah Completes $2.10 Million Seed Round, Led by Alliance DAO

DeThings, July 1st. Islamic $DeFi project inshAllah Finance announced the completion of a $2.10 million seed round led by Alliance DAO, with participation from Blockchain Builders Fund, Polymorphic Capital, Sancus Ventures, and several angel investors.
inshAllah Finance aims to combine Islamic finance with decentralized finance ($DeFi) through the Solana network, providing financial services compliant with Islamic law to the global Muslim community of 2.00 billion people. Its latest products include iAUSD, a yield-bearing stablecoin compliant with Islamic law, and iABorrow, a zero-interest, low-liquidation penalty lending protocol.