Gold-based, Shariah-compliant cryptocurrency to launch in UAE

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Mustafaa Motiwala

DUBAI — The Golden M Group has announced that COIN M, a new gold-based, Sharia-compliant cryptocurrency, is expected to enter the United Arab Emirates (UAE) market before the end of 2019. The announcement was made during a press conference held on a private yacht in the UAE. The event was managed by Uniquorn Studio LLC.

The first of its kind in the Middle East, the gold-based digital currency offers the working class the potential to double their investment within a year, with this safe, guaranteed low-risk investment scheme. With a starting investment of as low as $100, COIN M provides an open and inclusive environment for investors from all income levels. Backed by a tangible, real-world asset, the new cryptocurrency is less subject to the price volatility of first-generation cryptocurrencies.

Commenting on the announcement, Mustafaa Motiwala, Founder & CEO, The Golden M Group, said: “The upcoming launch of COIN M will undoubtedly have a global impact as it is a one-of-a-kind scheme empowering the working class to safely invest in a new cryptocurrency that is gold-based and Sharia-compliant. Unlike most investment opportunities, investors will have a chance to double their investment within a year.”

According to data by CoinSchedule, the UAE emerged as the world’s capital for sales of digital tokens, accounting for more than a fourth of all funds raised in offerings this year through early April. Sales in UAE reached more than $210 million ahead of the market’s longtime leader, the US, showcasing the growing importance of cryptocurrency in the region.

“Whenever you invest in COIN M, you are in a position to make your money back as it is based on a real asset which can be bought back. With cryptocurrencies that are not backed by any asset, you would typically have to find your own buyer in order to make a return on investment,” Motiwala added.

The COIN M logo was recently unveiled at the press conference which was attended by immediate family, and friends and close supporters of Motiwala and his team, including Mukti Abu Bakar – Malaysian Consul for Investments, MIDA, UAE; Sneha Rao – Empress Universe 2018; and Umar Saif, who is recognised as a contestant of a popular Indian singing show Sa Re Ga Ma Pa Middle East, to name a few.

Visit www.thegoldenm.com for more information. — SG


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