Dubai – Blockchain-powered fintech solutions bring great value to Islamic Banking and Takaful (Shariah Compliant Insurance). This was stated by Muhammad Salman Anjum, Chief Mate at InvoiceMate | Head of BSV Hub for MENA & South Asia. Salman was delivering the keynote here at the 4th Global Takaful & Re-Takaful Forum. The event took place at Dusit Thani Hotel, Dubai on the 25th of August 2022. The event was organized by the AlHuda Centre of Islamic Banking & Economics and was attended by leading professionals in the Islamic finance industry.
Speaking at the event, Salman elaborated on how blockchain can help the Islamic Banking and Takaful sector by bringing trust, transparency, and efficiency to solve legacy problems. He explained how the real-world blockchain-powered invoice management solution “InvoiceMate” is helping the financial sector in the due diligence process through its unique ‘Know Your Invoice’ feature.
The audience expressed their interest in blockchain-powered fintech solutions and asked various questions regarding the practical implementation of blockchain in Islamic financial products.