KUALA LUMPUR, Nov 15 (Bernama) -- The 7th edition of the Global Waqf Conference (GWC2019) launched on the 11th of November 2019, in Dewan Tun Abdul Razak, Menara Kembar Bank Rakyat. GWC2019 was organised by Al-Madinah International University (MEDIU) in collaboration with Finterra, Islamic Development Bank (IsDB), International Islamic University, University (IIUM), Tun Abdul Razak (UNIRAZAK) and other supporting partners.
 
This year, the Global Waqf Conference brought together influential experts, policymakers and practitioners to address and explore new approaches, challenges and wealth generating opportunities for Waqf development globally. With the theme of “The Development, Management & Innovation of Waqf for Millennial Generation”, the conference served as a platform to focus on establishing clarity and a collective understanding of the role and potential which the millennial hold in the revival and facilitation of Waqf development on a global scale through the promotion of new economic alternatives, technologies and innovations.
 
GWC2019 was officiated by YB Pn. Hajjah Fuziah binti Salleh, the Deputy Minister in the Prime Minister's Department (Religion). In attendance were H.H Prince Dr Bandar Bin Salman Bin Muhammad Al-Saud, Chairman of Al-Madinah International University, Waqf Custodian of the Two Holy Mosques, King Abdullah Bin Abdulaziz Al-Saud Rahimahu Allah, and H.R.H Sultan Muhammadu Sa’adu Abubakar III, Sultan of Sokoto, Nigeria, who both delivered keynote respectively, as well as Ambassadors, and local and foreign leaders, to name a few.
 
On the first day of GWC2019, Finterra’s Director of WAQF Chain, Saifudin Ariff, moderated the Regional Session, talking about the  current scenario and the way forward for waqf development in North American Region, whereas, on the second day, the Founder of Finterra, Mr Hamid Rashid, captivated the audience when he spoke about Waqf Innovation in the Digital Economy specifically on the Waqf Chain.
 
The GWC2019 also witnessed the exchange of three memorandums of understand (MOUs) between six major partners of GWC2019, one of which were between Kasih Holdings Sdn Bhd and Finterra Technologies Sdn Bhd.
 
Finterra was proud to be a part of the successful GWC2019, which drew over 660 delegates that came from a range of industries such as Waqf practitioners, Islamic Banking & Financial industry, Regulators, Investors, Academicians, Fintechs, Students, Policy Makers, NGOs, Government Agencies, Embassies, Media, and Religious Leaders and from 18nations.
 
About Finterra

Finterra is an organization providing blockchain-based Islamic applications. Established in 2017, it currently has offices in Malaysia, Singapore, Hong Kong, India, Oman and UAE, with plans to further expand into Africa and Middle East. Its ecosystem comprises of core banking, digital banking and blockchain solutions, which have been created to promote technical advancement in areas of transparency, traceability and OMNI Channel Digital Banking.
 
Finterra’s flagship product, the WAQF Chain, has been developed to revitalise Waqf for the digital age, using blockchain technology. With relevant regulatory compliance built into its services, WAQF Chain solves core challenges in unlocking the value of endowed assets, whilst integrating options for Capital raise, Waqf management, and Asset management.
 
SOURCE : Finterra

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Sara Mohammed
Tel : 0320114418
Email : sara.abdulwahed@finterra.org

--BERNAMA