KUALA LUMPUR, Nov 15 (Bernama) -- On the 15th of November 2019, Finterra Technologies Sdn Bhd, a blockchain-based company, signed a Memorandum of Understanding (MoU) with DHS Hospitality Academy Sdn Bhd (DHS), in a move set to establish an endowment fund on a platform built on blockchain. Established in 2016, DHS is a work-based learning academy, offering hospitality work experience to youth. It also offers programmes for those who are eager to be a part of the hospitality industry programmes.
 
The signing of the MoU took place at the University of Malaysia Centre for Continuing Education, with Finterra being represented by its Executive Chairman and its Director of Waqf, while DHS was represented by its Chief Executive Officer, Dr Sri Kumar Sivakumaran. Under this new partnership, Finterra enables DHS to establish the endowment fund which will go towards the industry training and work attachment programmes offered by DHS, catering specifically to the hospitality sector.
 
DHS is a smart partner of the University of Malaya Centre for Continuing Education (UMCCED). UMCCED has developed a number of programmes together with its partner, DHS, to meet the strategic demands of the hospitality industry. The unique part of the programmes offered, with the exception of the Hospitality Education Preparation Program, is that they are not exam-based. Students enrolled are required to complete their attachment period to qualify for the Certifications, which are offered by UMCCED.
 
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