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Endowment Chain By applying Smart Contracts, Finterra’s Endowment Chain allows better management of the endowed gifts, allowing participants to create project proposals to develop and stimulate endowment properties. Open Source Platform The key to a sustainable and transparent ecosystem is a healthy open source community and active 3rd party developers. With that in mind, Finterra will facilitate the community with the necessary compartmentalization, documentation and standardized design patterns for its...
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In recent years, hack attacks on several technology giants and widespread identity theft have given people more to be wary of cyber security. Amidst the growing concerns, open ledger or blockchain technology has become increasingly popular and many see it as a great alternative to traditional record management systems. Many hail this technology as the next big thing after the Internet. While many associate blockchain...
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IWBF-2018
The International Waqf and Blockchain Forum (IWBF 2018) concluded a successful discussion that saw the Deputy Minister of the Ministry of Science, Technology and Innovation (MOSTI), YB Datuk Wira Dr. Abu Bakar Mohamad Diah propose of a special taskforce to study the shariah compliance implementation of blockchain in Malaysia. The event saw over 600 delegates grace the one-day international blockchain forum, which was held at...
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Blockchain
Waqf is an endowment made by muslims to a religious, educational, social or charitable cause. It is a permanent and institutionalized act of donation. Once a waqf is created the property cannot be donated, bequeathed, inherited or sold. While waqf traditionally covers real estate, cash waqf is a financing method to develop waqf property or to support and build institutions like schools, health centres and...
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IWBF-2018
The International Waqf and Blockchain Forum (IWBF) concluded a successful discussion that saw the revival of what was once the hallmark of Muslim charitable endowment (Waqf). The one-day international forum was the largest of its kind, that saw over 600 delegates that comprised of multiple fields and backgrounds such as academicians, NGOs, practitioners, regulators, government officials, corporate technology companies, financial institutions, students as well as...
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