Global Islamic FinTech Summit

The final panel of 3rd Global Islamic FinTech Summit - Blockchain and the Future of Islamic Finance.

The panelists opined about how blockchain can be used for the future of Islamic Finance. Their discussion also focused on

✅ Blockchain applications for Islamic social finance and highlighted on the benefits and potentials of blockchain solutions in this sector and the importance of identifying the problems to be solved.
✅ Tokenization of assets, fungible and non fungible, the use cases in Islamic finance such as tokenization of precious metals, sukuks, real estate and fund raising.

Introducing the Panel 6 of 3rd Global Islamic FinTech Summit - Can Technology Boost Takaful Industry?

Their discussion focused mainly on

✅ The basics of takaful models, how other markets are operating, what are the key factors for takaful industry to exist
✅ Share of takaful industry within the sharia compliant financial assets and within the whole islamic finance industry
✅ The role of TakafulTech for the shift towards the concept of open finance rather than open banking
✅ The value added of TakafulTech on multiple scales: insurer, end customer, bank/micro-finance.