Singapore Overview
Financial Performance
Business Operations & Assets
Business Details
Reason For Sale
Description
Token: Gascia Islamic Token (Gitcoin) world’s first Islamic ERT (Economic Rights Token)
Token Type: ERC-20 on Base chain
Total Issue: 100,000,000
Treasury: 70,000,000 Management: 25,000,000 Liquidity: 5,000,000
All proceeds from the treasury token sale will go directly into the SPV to be used for Islamic finance and banking projects such as a Islamic investment bank, Islamic digital bank with a crypto exchange and all other projects.
Prelisting Offer: 10,000,000 tokens at USD0.80 each
Proceeds: USD8m to be used for setting up a DIFC Islamic Investment Bank, a Islamic digital bank with Islamic crypto exchange and Token listing
Token listing: Tokens will be listed for USD1 each to raise on Binance Alpha and Upbit exchanges
Proceeds: To be used for investment Bank, Islamic digital bank with Islamic crypto businesses and Central Asia Islamic bank projects
Projects: In discussion of a joint venture to a Islamic banking arm with Central Asian Banks and Shariah compliant projects
Entitlement: Token holders are entitled to 100% of all Gitcoin projects’ economic rights
Updates: Currently talking to a Uzbekistan bank to setup a JV in Tashkent for Islamic banking where Gitcoin token holders will own the economic rights to the bank profit according to the shareholdings and in talks to list on Binance Alpha and Upbit. Will start the DIFC bank application and Binance Alplha listing once 1m tokens are sold.
Achievements
World's first listed REIT with the GCC standard of Shariah compliance
World’s largest Shariah compliant listed REIT
World's first convertible Sukuk
Singapore's first Islamic IPO
Singapore's first convertible Sukuk
Singapore's largest industrial REIT free float listing
Awards
“IPO Deal of the Year” and “Real Estate Deal of the Year” 2010 by Islamic Finance News magazine
Triple A Award 2011 “Best Islamic Deal in Singapore” and “Most Innovative Islamic Deal” by The Asset magazine
“The Most Outstanding Islamic REIT” award by Kuala Lumpur Islamic Finance Forum (KLIFF 2011)
Triple A Regional Deal Awards 2011 "Best Domestic Securitization” by The Asset by The Asset magazine
"Best Investor Relations by an Asset Management Company" and "Most Innovative Asset Management Company" 2012 by Islamic Finance News magazine
“Equity Deal of the Year" and "Real Estate Deal for the Year" 2013 by Islamic Finance News magazine “Most Outstanding Islamic Real Estate Product” award by Kuala Lumpur Islamic Finance Forum (KLIFF 2013)
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