Cambridge IFA collaborates with Elmangos to promote Islamic FinTech at GIFS2018

Dr sofiza Cambridge IFA elmangos GIFS

Cambridge IFA, a think tank based in the UK, announces its collaboration with Elamangos to promote Islamic FinTech at the 1st Global Islamic FinTech Summit (GIFS) is set to launch on September 18th-19th, 2018 in Kuala Lumpur, Malaysia. GIFS 2018 will be organized by Elmangos. The company behind the successful Global Islamic Economy Entrepreneurship Convention (GIEEC), in collaboration with Albaraka Turk Participation Bank, one of the major supporters of the entrepreneurship ecosystem in Turkey.

GIFS 2018 highlights the vast potential of Islamic Fintech towards catalysing innovation within the Islamic Finance industry. The summit will be hosted in Kuala Lumpur, one of the leading Islamic Finance hubs in the world. Abd Elmohaimen Mansi, founder and CEO of Elmangos, explains how the idea of GIFS 2018 came to life:

“We realized, during the GIEEC Islamic FinTech panel last year, that Islamic Fintech has a huge public demand and has great potential in contributing to the Islamic digital economy. Nonetheless, there is no dedicated platform for further exploration and development. GIFS 2018 will be THE platform to engage Islamic economy with Fintech.”

Dr Sofiza Azmi, CEO of Cambridge IFA, commented:

“We are proud to support the launch of GIFS in Kuala Lumpur. With so much happening in the fintech space it becomes vital that one remains in touch with the latest happenings in this space. The GIFS provides a great platform for exchanges of ideas. Our participation in GIFS is also in line with our interest to further promote the development of FinTech in Islamic finance. In fact the theme for our 10th Global Islamic Finance Report 2019 will central around Artificial Intelligence, Blockchain and Fintech. We have significant development in fintech in recent years, with a number of major initiatives emanating from the Middle East. In the GCC, Dubai and Bahrain are playing a key role in the advancement of the fintech ecosystem in the region,” explains Dr Sofiza.

GIFS 2018 will cater over 400 delegates, 15 international and local media outlets and is supported by leading Islamic financial institutions and organizations. GIFS 2018 will feature keynote sessions showcasing new FinTech platforms and panels between regulators, financial institutions and startups covering topics such as Islamic Fintech Overview, Regulatory Frameworks, BlockChain for Islamic Banks, and Key Islamic Financial Hubs.

The CEO of EthisVentures and Founder of the Islamic Fintech Alliance Umar Munshi comments:

“It’s high time we seriously look at how and why Fintech will deeply change many aspects of our lives. Fintech can democratise Finance in general. Islamic Fintech can democratise Finance for entire Muslim communities. Fintech can empower communities by creating internal marketplaces and forums for direct trade and transactions.”

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