LONDON, UAE, May 15, 2024 (Globe Newswire) — XTCC, an investment ecosystem specializing in high-fidelity carbon credits, is the first Shariah-compliant multi-currency asset class We have started carbon credits. XTCC only sources verified projects (renewable energy, nature-based solutions, blue carbon, etc.), offering investors seeking Shariah-compliant investments the opportunity to participate in the rapidly growing carbon credit market. Offers.
This powerful combination of Islamic law-compliant investments and reliable carbon credits will enable traditional Islamic financial markets to participate in the potentially significant value growth of the global carbon credit market for the first time. Through XTCC, companies, wealth managers, banks and investment funds can securely invest and drive further development towards net zero goals.
In another capital market, for the first time, XTCC provides stock market quotes for the assets most important to a net-zero world.
Verified and certified for Shariah compliance by Yasaar Research Limited and using the ISDA/IIFM Master Agreement, XTCC has established a robust framework of investment products structured to meet Islamic ethical standards. Ethical integrity is ensured by Al Waseelah, the world’s leading award-winning sukuk issuance platform, creating a streamlined and transparent solution to re-engineer trust in this important asset class. Masu.
In addition to adhering to industry standard transaction documents (ISDA/IIFM), XTCC also includes high-fidelity carbon credits in its reference basket that comply with IOSCO’s 21 Good Practices and ICVCM’s Core Carbon Principles. Science-based principles for identifying high-integrity carbon credits that produce real and verifiable climate impacts. XTCC also reports on alignment with the United Nations Sustainable Development Goals and ISO14064 standards.
Dr. Scott Levy, Founder, XTCC“This is an important advance for global capital markets. We have created the first Shariah-compliant investment product that directly links Islamic finance with accelerating investor demand for high-reliability carbon credits.” Stated.
Just as Shariah compliance cannot be compromised, we will not compromise on our commitment to operate in accordance with the highest standards of transparency and integrity in all of our investment products. XTCC is an asset class for a net-zero world. ”
Majid Dawood, Yazar CEO, “We take pride in ensuring that XTCC’s investment products meet the highest standards of Islamic finance and certify their compliance with Islamic law. adheres to the ethical and financial principles necessary for true Shariah compliance, enabling investors to actively contribute to sustainable development initiatives with full confidence in their compliance with Islamic values. ”
Renowned experts in carbon markets Kevin Iwanaga, co-founder of UAE Carbon Alliance and CEO of KBI Advisory Group, said: “As global temperatures rise above 1.5°C above pre-industrial levels for the first time, a staggering $7.3 trillion in funding is needed by 2050 to close the climate finance gap needed to limit global warming to 1.5°C.” We need all the solutions available to address these important challenges.
XTCC is addressing this challenge with the introduction of a new Shariah investment product designed to expand global capital flows in carbon markets by leveraging existing market liquidity pools and new investors. This XTCC initiative is a great example of the creative financial solutions needed to maintain 1.5°C. ”
-end-
About XTCC
XTCC is the world’s first stock market-quoted investment eco-friendly for reliable carbon credits sourced from verified and audited projects, including renewable energy, nature-based solutions and blue carbon. It’s a system. XTCC has created a financial instrument that for the first time establishes fair market value as a reliable standard for carbon credits. Closing the trillion-dollar gap in climate finance requires investment. XTCC provides the capital markets with an ecosystem of financial products, enabling rivers of liquidity to flow to communities where it is needed most. XTCC is an asset class for a net zero world.
For more information about XTCC and its Shariah-compliant investment products, please visit www.xtcc.investments or contact our investor relations team at ir@xtcc.investments.
About Al Wasila
Al Waseelah PLC is the world’s leading award-winning Sukuk issuance platform, a flexible and agile marketplace for Islamic liquidity management for green and sustainable businesses, financial institutions, asset managers, corporates and family offices. We provide input solutions and offer a wide range of services. Wide range of investment opportunities. Al Waseelah PLC provides end-to-end solutions for structuring, arranging, creating and listing Shariah-compliant banknotes, providing a streamlined and cost-effective way to raise funds for businesses and projects. To do.
Learn more about.
About Yazar
Yasaar, a leading Shariah advisory firm, specializes in certifying and ensuring the compliance of financial products with Islamic law. Yasaar leverages its extensive expertise and deep understanding of Shariah principles to provide critical oversight and advisory services that enable investors to engage in ethical and compliant investments with confidence. With a focus on integrating innovative financial solutions with traditional Islamic values, Yasaar helps professional investors achieve their investment goals while adhering to the highest standards of integrity and compliance. Masu.
Learn more about.
media contact
Tina Kane
realization group
tina.kane@therealizationgroup.com
PR for investors
Muhammad Nasir
XTCC
+372-56997961
ir@xtcc.investments
CONTACT: Tina Kane The Realization Group tina.kane@therealizationgroup.com
