Bitcoin Affiliation has joined the inaugural Islamic Fintech Week 2020 as a sponsor and ecosystem associate. The three-day occasion will deliver collectively stakeholders, regulators and innovators to chart the way forward for monetary expertise within the Islamic world.
This year’s IFW2020 will likely be hosted in Malaysia from September 7-10. It is going to characteristize a themed collection of panel debates, roundtable periods and masterclasses.
The periods will likely be curated to deal with a number of the native and international challenges going through the Islamic world and the way monetary expertise can remedy them.
Bitcoin Affiliation Founding President Jimmy Nguyen remarked: “Islamic finance requirements can be especially well-satisfied by a global public data ledger, such as Bitcoin SV, which records transactions in timestamped chronological order with transparency, auditability and honesty. We are excited to educate Islamic finance professionals, about how the Bitcoin SV blockchain can improve efficiency and transparency of asset-based liquidity management, streamline multi-party profit sharing and expand business opportunities in their sector.”
The Affiliation will likely be represented on the occasion by Ella Qiang, its Southeast Asia supervisor and Masumi Hamahira, Bitcoin Affiliation’s Ambassador for Malaysia. Qiang will likely be a member of a panel that may delve into how blockchain may be leveraged for constructive impression. Qiang tells CoinGeek:
“I’m delighted to join the Islamic FinTech Week and share with the audience how Bitcoin SV blockchain could address some of the common challenges that are specific to Islamic finance. As a proven scalable and regulatory-friendly public ledger, Bitcoin SV can facilitate tokenized asset recording and exchange that are tamper-proof and easy to audit, which could drastically improve the efficiency and reduce error in an asset-based financing system in Islamic finance. Smart contract capability on the Bitcoin SV blockchain could support automated profit and loss sharing mechanism with multi-parties that are commonly used in Shariah-compliant finance platforms.”
Hamahira can be among the many audio system. A globally acknowledged skilled in Islamic finance, he at the moment serves as an government advisor for Islamic Banking Window at MUFG Bank in Malaysia.
“The lead partner of Islamic FinTech Week is Malaysia Digital Economy Corporation (MDEC) which is a Malaysia government agency under the Ministry of Communications and Multimedia Malaysia to lead the ICT and digital economy growth. Thanks to this initiative by MDEC, the speakers and audience are not limited to Malaysia, but will be global, including guests from Indonesia, Saudi Arabia, Kuwait, Turkey, UK, Germany, Luxembourg and Portugal,” Hamahira informed CoinGeek.
Hamahira, who can be a member of the Bitcoin SV Technical Requirements Committee, will talk about how Bitcoin SV can underpin enterprise functions that fulfill Islamic finance necessities.
“Islamic FinTech Week is a great opportunity for Bitcoin SV community to bring regulators, financial institutions, VCs and Angel investors from the Islamic Fintech industry into the Bitcoin SV ecosystem. I look forward to presenting a keynote to show the great potential for Bitcoin SV to be the ‘one world, one chain’ protocol, set in stone like TCP/IP protocol for the Internet. I will highlight the advantage of Bitcoin SV in scalability, immutability and traceability which will cater for requirement of Islamic law what we call Shariah which Islamic Fintech should comply,” he stated.
Matters on the agenda for the digital occasion will embody the position of Shariah in Islamic fintech, how Malaysia can turn out to be a worldwide finance hub, fintech’s position within the restoration from the COVID-19 pandemic and the social impression of Muslim ladies in finance.
Digital currencies and blockchain will even characteristize closely within the occasion, with numerous friends set to deal with how they are often built-in into the Islamic finance business.
The audio system will embody Azura Othman, the CEO of the Chartered Institute of Islamic Finance Professionals; Nabilah Alsagoff, the co-founder of Indonesia’s largest digital funds firm Doku; and Irwan Abdalloh, the pinnacle of Islamic Capital Market Division on the Indonesian Stock Trade.
Source Fintech Zoom