It’s not a matter of “IF” Crypto will take on the financial world, but rather just a question of “WHEN”.

You can either get left behind or prepare to become mega wealthy, because getting in on the boom of a lifetime is how generational wealth is made.

Right now, the bond market is about 3 times bigger than the stock market. Government bonds make up a large proportion of the secondary market, with a total value of $22.116 trillion across the world as of September 2018.

And cryptocurrencies are going to replace it.

Without getting too deep, cryptocurrencies allow contracts to be written that do not require middlemen.

In September 2018, Austria became the latest government to successfully trial blockchain platforms to issue government bonds. The trial follows in the footsteps of the Australian and Thai governments, both of whom developed blockchain bond issuing platforms earlier this year.

J.P. Morgan has also tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms, of which the Canadian bank issued a $150m one-year floating-rate Yankee certificate of deposit, with a parallel simulation of the issuance, using blockchain technology.

Image Source: Pixabay

https://cointelegraph.com/news/government-bonds-how-blockchain-can-beat-the-red-tape

https://www.jpmorgan.com/country/MY/en/detail/1320566740924

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The answer might be a simple yes or no, but the responsibilities to that yes or no is big.

The relevancy of Islamic Finance in the context of fintech and the crypto world is all about TRANSPARENCY & TRACEABILITY.

Malaysia is the country to watch for the next decade.

This is the future.
This is the way forward.
This could be bigger than what we anticipated.

Is Islamic Finance Relevant?

A forum on Islamic Finance was held at UTM Jalan Yahya Petra’s campus on 4th August 2018. Prominent figures in Islamic Finance shared and provided detailed understanding on current issues and perspectives on Islamic Finance particularly on cryptocurrency, covering topics on risks, financial impact, compliance and many more.

This is the second certificate I got from UTM. The first was a Bachelor of Degree in Computer Engineering from UTM Skudai campus, though this time is only a certificate of attendance.

We had prominent figures in Islamic Finance as the panelist for the forum – Dr Ismail bin Abd Rahman (senior lecturer and corporate trainer in Islamic Finance), Haji Ramli (resident expert of IBFIM), and Datuk Dr Mohd Daud Bakar (Islamic Finance expert & Shariah advisor)

Attended the event with Crypto Valley Malaysia‘s colleagues.

It was a full house event.

Event info: https://lnkd.in/fQdZ4dM

Event Live Stream log:

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