Menara Kembar Bank Rakyat, Jalan Rakyat, Brickfields, Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia
Event Details
Recognised as the most notable expression of Islamic philanthropy, waqf is the voluntary, permanent and irrevocable dedication of a portion of one’s wealth – in cash or kind - to Allah. Standing out as one of the greatest achievements of Islamic civilization, waqf is a philanthropic foundation, with the mission of maximizing the value of endowments. Given the rise in the continuous innovations and disruptions happening in the financial and technological terrain, Islamic finance, including waqf principles are being forced to manoeuvre and reinvent themselves especially in terms governance and regulations so as to remain relevant especially since they constitute as a major socio-economic institution in today’s financial market. It is crucial for key players from the financial industry to stay updated on the latest Fintech and blockchain trends. It is for this reason, FINTERRA and International Centre for Waqf Research (ICWR-IIUM) are jointly organising the International Waqf and Blockchain Forum (IWBF2018) to highlight and explore the transformative potential of blockchain for the sustainable development of waqf. With the theme of “Harnessing the Power of Blockchain technology for the Global Development of Waqf”, this forum will serve as a platform to explore the boundaries of new waqf developments and initiatives. It will shed light on new thoughts and ideas, in the quest for transformation and management of a sustainable socio-economic path for Muslim nations across the entire globe. The overall objective of International Waqf and Blockchain Forum 2018 is to establish clarity and a collective understanding of the potential of blockchain technology for supporting the facilitation and development of waqf on a global scale whilst also promoting new economy alternatives to enhance Muslim unity. An improvement in these key sectors would provide us the key to that treasure trove which is lying scattered everywhere in the whole of the Muslim world and which could only be unlocked through good governance and economic development. The massive growth of the financial technology industry rolled along in 2016 due to a host of new financial industry trends and numerous Fintech investments. With all that growth, it's crucial for key players from the financial industry to stay updated on the latest Fintech and blockchain trends. THE OUTCOME:•Foster collaboration between industry experts, regulators and stakeholders•Actionable and impactful recommendations for the benefit of all stakeholders•Declaration on key findings and key areas of improvement for Waqf development WHY PARTICIPATE?•Finding Means & Solutions To Develop Waqf•Greater Understanding On How Blockchain Functions•Opportunity To Network With Waqf Experts & Practitioners•Participate In Interactive Breakout Sessions
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