The Islamic DeFi project inshAllah completes $2.1 million seed round financing, led by Alliance DAO

the Islamic DeFi project inshAllah Finance announced the completion of a $2.1 million seed round financing, 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 Sharia-compliant financial services to the global Muslim community of 2 billion. Its latest products include the Sharia-compliant yield-bearing stablecoin iAUSD and the interest-free, low-liquidation-penalty lending protocol iABorrow.