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 for the benefit of society.
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.
Finterra is therefore very proud to be organising the 3rd edition of the International Waqf and Blockchain Forum (IWBF2020) in Jakarta, Indonesia, to highlight and explore the transformative potential which the blockchain offers for the sustainable and innovative 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 while shedding light on new thoughts, ideas, success stories and regulations while promoting Waqf as the new economic alternatives that can enhance the Muslim society globally.
The overall objective of IWBF 2020 is to establish clarity and collective understanding of the potential offered by blockchain technology for the development of Waqf, while also serving as a platform to provide key players from the government, banking, academic, religious and regulatory industries with updates on the latest fintech trends disrupting the Islamic Financial space.
An improvement in these key sectors would provide us the key to the treasure trove which lies scattered in all the Muslim world and which could only be unlocked through good governance, introduction of technology and economic development.
A leading technology-based company providing blockchain-based Islamic applications that address global issues, Finterra was established in 2017 and currently has presence in Malaysia, Singapore, Hong Kong, UAE, and India, with plans to further expand into Africa and the rest of Middle East. Globally, Finterra promotes community growth and advocates for the mass adoption of the ground-breaking blockchain technology, serving as a “Social Solution for Blockchain”.
Its ecosystem comprises of core banking, digital banking and blockchain solutions, and offers a truly inclusive platform to consumers through various verticals including an Open Source Development platform, e-Commerce platform and an environment which supports development of Islamic Social Finance.
Finterra’s flagship products, the WAQFChain & Ensany Sadaqah Chain have both been developed to revitalise the Islamic Social Economic system for the digital age using blockchain technology. With relevant regulatory compliance built into the products and services, both the Waqf & Sadaqah Chain solve core challenges in unlocking and integrating options for Capital raise, Waqf management, and Asset management.
INTERNATIONAL WAQF AND BLOCKCHAIN FORUM 2020 (IWBF2020)
INTERNATIONAL WAQF AND BLOCKCHAIN FORUM (IWBF2020) - JAKARTA
Date: 20th OCTOBER 2020
Time: 9.00AM – 05.30PM
Sponsorships are one of the most effective ways to gain direct access to targeted markets. The IWBF showcase is a proven platform which offers all our Sponsors the unique opportunity to realise a great return on investment (ROI) on their commitments.
Not only does IWBF connect Sponsors with a large and targeted audience, the conference assists in boosting brand visibility, enabling for a strong brand reputation, while increasing online presence and generating solid leads for increased sales. Whatever your goals may be, as a Sponsor, you will be provided with unparalleled opportunities, to enhance your organization’s image while meeting corporate objectives.
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