HLC (HalalChain) Co-Founder, Dr. Sulaiman Liu, speaks at the IFSB-BIBF ISLAMIC FINANCE EXECUTIVE PROGRAMME

The 3rd edition of the IFSB-BIBF Islamic Finance Executive Programme was recently held in Manama, Bahrain. The event focused on the role of Fintech in the Islamic finance industry and the current threats and regulatory challenges that Fintech is imposing on the industry. Dr. Sulaiman Liu, CEO and Co-Founder of HLC (HalalChain), was invited to speak at the event, where he discussed the many possible benefits of adopting blockchain technology in the Islamic finance and Halal industry. 

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HLC’s public blockchain has been built as a comprehensive solution to help increase transparency and traceability in Islamic financial products and services, as well as traceability of Halal and health products, Zakat donations, heritage and property registration and cultural communication. HalalChain has an innovative approach to blockchain technology, there HLC consensus is based on Direct Acyclic Graph (DAG). DAG offers fast confirmations, high throughput and lower fees, solving many of the scalability and security issues that traditional blockchains face.

As the programme aims to shed light on innovative digital products in Islamic finance, Dr. Sulaiman Liu was an ideal candidate, there he was able to share his knowledge of blockchain technology within the industry. The discussion continued by taking an in-depth look at the HLC Ecosystem applications, which range from financial instruments such as Smart Sukuk, Smart Awqaf and Stable Currencies, to Hajj-Chain, a traceability system for Hajj services and operations.

Dr. Sulaiman Liu concluded his discussion by saying: “HalalChain is an integral part of the Islamic community, HLC public chain will explore more ways in which they are able to further serve the Muslim community, and we invite all stakeholders of the industry to come on board and adopt HalalChain to create and provide use cases and solutions to address existing challenges in the industry”.

 

About The Program

The IFSB-BIBF Islamic Finance Executive Program (IFEP) provides a unique opportunity for industry leaders and top management teams of financial institutions, including supervisors of the Islamic financial services industry in order to engage in thorough deliberations on contemporary issues in Islamic finance.

The IFEP will see key presenters facilitating extensive knowledge-sharing with their contemporaries and peers. It will also provide a platform for deliberations on the latest developments related to emerging trends in market practices, prudential issues and global initiatives from a holistic perspective. The impact of operations of institutions that are offering Islamic financial services (IIFS), in particular those operating within the GCC will also be discussed on the platform. The Panel Discussion, will offer a unique experience for the participant to engage in productive discussions on Fintech and the way it has revolutionized the way we practice finance.

Manama, Bahrain, October 17, 2018

Email:info@halalchain.org

Address:Business Center Dubai World Central P.O. Box:390667 Dubai-UAE

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