Bitcoin Association

Masumi Hamahira: How the Bitcoin #blockchain will benefit Islamic Finance world

Bitcoin’s blockchain is an open network protocol that can replace today’s internet, and offers benefits specific to the Islamic Finance industry. Bitcoin Association ambassador for Malaysia Masumi Hamahira said Bitcoin’s blockchain offered every benefit today’s Internet does, while making ownership sequences or various assets far more efficient to manage and prove. Hamahira is an Advisor for the Islamic Finance department at Japan’s MUFG Bank. Hamahira said that Bitcoin could assist in the sukuk market by managing settlement in different currencies on one platform, rather than the current variety of platforms used. Proving a record of ownership sequence and helping to combat money-laundering across borders provides a particular appeal to the Islamic Finance industry.

Bitcoin Association sponsors Islamic Fintech Week 2020

Bitcoin Association has joined the inaugural Islamic Fintech Week 2020 as a sponsor and ecosystem partner. The three-day event will bring together stakeholders, regulators and innovators to chart the future of financial technology in the Islamic world. This year’s IFW2020 will be hosted in Malaysia from September 7-10. It will feature a themed series of panel debates, roundtable sessions and masterclasses. Topics on the agenda for the virtual event will include the role of Shariah in Islamic fintech, how Malaysia can become a global finance hub, fintech’s role in the recovery from the COVID-19 pandemic and the social impact of Muslim women in finance. Digital currencies and blockchain will also feature heavily in the event, with various guests set to address how they can be integrated into the Islamic finance industry.

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