FINTECH is an exciting development in Islamic finance, and Shari’ah scholars must ensure they are up to date on it. This rapidly developing innovation will need timely Shari’ah solutions to enable Islamic finance to keep pace with technology, said Prof. Dr. Mohamad Akram Laldin, Executive Director, ISRA at the opening ceremony of Islamic Fintech Dialogue 2017 (IFD 2017).
“The industry has witnessed a number of start-ups and entrepreneurs who have been inspired by the various roles in the development of the Islamic economy, from social entrepreneurs to community-based start-ups," he added.
The one day programme acts as a platform for Shariah scholars and Islamic finance practitioners to engage with the growing financial technology (fintech) ecosystem. The new wave of fintech has raised various concerns and misconceptions.
Hence, The International Sharīʻah Research Academy for Islamic Finance (ISRA) saw this as an opportunity for all stakeholders to share views, ways to support the development of the Islamic finance industry.
IFD 2017 is where speakers openly share opportunities and challenges that they foresee in the industry. Areas of discussion includes Blockchain, Shariah Governance, Shariah-Compliance, Crowdfunding, Robo-Advisory, Smart Contracts, Crypto-currency, Microfinancing, Islamic finance, etc.
Also, the inaugural event includes a session on entrepreneurship, an exciting by-product of the modern-day fintech boom.
Over 200 international and local delegates joined IFD 2017 with themed, ‘Fintech and Entrepreneurship’ held at Lanai Kijang, Kuala Lumpur.
