The Royal Bank of Canada, a multinational financial services company and the largest bank in Canada, recently outlined a platform constructed on a blockchain that would automatically produce credit ratings using a borrower’s historical and predictive data. This was all mentioned in a patent application released on 15th of March. The application would upgrade the...Read More
In recent years, hack attacks on several technology giants and widespread identity theft have given people more to be wary of cyber security. Amidst the growing concerns, open ledger or blockchain technology has become increasingly popular and many see it as a great alternative to traditional record management systems. Many hail this technology as the...Read More
The International Waqf and Blockchain Forum (IWBF 2018) concluded a successful discussion that saw the Deputy Minister of the Ministry of Science, Technology and Innovation (MOSTI), YB Datuk Wira Dr. Abu Bakar Mohamad Diah propose of a special taskforce to study the shariah compliance implementation of blockchain in Malaysia. The event saw over 600 delegates...Read More
Waqf is an endowment made by muslims to a religious, educational, social or charitable cause. It is a permanent and institutionalized act of donation. Once a waqf is created the property cannot be donated, bequeathed, inherited or sold. While waqf traditionally covers real estate, cash waqf is a financing method to develop waqf property or...Read More
The International Waqf and Blockchain Forum (IWBF) concluded a successful discussion that saw the revival of what was once the hallmark of Muslim charitable endowment (Waqf). The one-day international forum was the largest of its kind, that saw over 600 delegates that comprised of multiple fields and backgrounds such as academicians, NGOs, practitioners, regulators, government...Read More
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