SIDRA BANK OPEN MAINNET OCTOBER 2023
Sidra Bank, the first Islamic cryptocurrency, will open its mainnet in October. This has been met with a lot of support in the Middle East, as the CEO of Sidra Bank is a well-known innovator with many business connections in Arab countries.
The CEO of Sidra Bank, Muhammad Hassan Al-Jefairi, is a former Secretary General of the World Islamic League. He is also a member of the Board of Directors of the Islamic Development Bank. Al-Jefairi has a long history of working in the Islamic finance industry, and he is well-respected by Muslims around the world.
Sidra Bank's mainnet will be launched on the Sidra Chain, a blockchain platform that is specifically designed for Islamic finance. The Sidra Chain is designed to comply with Islamic law, which prohibits activities such as ********, speculation, and interest-bearing loans.
The launch of Sidra Bank's mainnet is a significant milestone for the Islamic finance industry. It is the first time that a major cryptocurrency has been designed specifically for Muslims and also non muslims. The launch of Sidra Bank is expected to boost the growth of the Islamic finance industry, and it could also help to attract more Muslim investors into the cryptocurrency market.
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Sidra Bank is headquartered in Dubai, United Arab Emirates.
The Sidra Coin is the native cryptocurrency of the Sidra Chain.
Sidra Bank has raised over $1 billion in funding from investors from the Middle East and around the world.
Sidra Bank is expected to offer a wide range of financial products and services, including savings accounts, loans, and investment products.
Sidra Bank is committed to promoting financial inclusion and economic development in the Middle East.
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