Kuala Lumpur, 2nd October 2018: FINTERRA, a global cloud-based FinTech service provider and platinum sponsor of the world’s first Global Islamic FinTech Summit (GIFS) held here recently, showcased its innovative WAQF (Endowment) Chain at the event.

This Blockchain solution is built on its GALLACTIC Blockchain, that is the backbone of its “Social Solution for Blockchain” offering.

GIFS is an initiative to highlight the huge potential of FinTech in the Muslim world, which is seeing a growing trend in the rise of Islamic FinTech helping to grow the US$2.1 trillion Islamic economy.

FINTERRA founder, Hamid Rashid said they were proud to present at the summit as part of such an eminent lineup in the Islamic FinTech industry and to give those present an insight into what FINTERRA has to offer.

“We are excited to bring our Blockchain solutions such as our Endowment (Waqf) Chain, e-Commerce platform, Money Services and groundbreaking Blockchain platform, GALLACTIC, to a global audience,” he said in a statement today.