IBF NET

INTERNATIONAL INSTITUTE OF ISLAMIC BUSINESS & FINANCE

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We proudly announce the launching of our latest initiative - the Netversity - expanding the mandate of our Indonesia-based Center of Excellence. The Netversity, a futuristic project powered by web 3.0 technologies will leverage our partnership with Malaysia-based Manipal Globalnxt University to offer Doctoral and Masters degrees in Islamic business, finance and technology as well as in Islamic education. Watch out for our forthcoming announcement regarding the courses on offer.

https://lnkd.in/g9kgka7G

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Global interest in CBDCs has steadily increased in recent times. Recent reports suggest that as many as 100-plus countries, are currently exploring a CBDC, up from just 35 countries two years back. How many of them like Indonesia are actively developing a national CBDC? How many are ahead of Indonesia? What can we learn from their experiences? Let us analyse some relevant data. Read More:

CBDCs for Indonesia -2

Lessons from International Experiments

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Hello, peace be upon you. Today I have an interesting story to share with all. This story is about building a miniature Islamic economy through the latest technology. This is the main project of IBF Net, Islamic Business and Finance Network.

Membangun Miniatur Ekonomi Islam (Building a Miniature Islamic Economy)

Hari ini saya memiliki satu cerita menarik yang akan dibagikan untuk semua. Cerita ini tentang membangun miniatur ekonomi Islam melalui tekn

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We've just updated the IBFNEX app to include Bahasa Indonesia 🇮🇩 as an additional language. We've received requests from our non-english speaking members and are working diligently to make our app available in several other languages. Additional language support is in the works and will be available in the near future. Check it out here: https://ibfx.co/nex

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We're now a member of Microsoft for Startups, a global program dedicated to accelerating high-potential startups to enable growth at scale by providing access to Microsoft’s technology, market ecosystem, and business support as well as the opportunity to collaborate with other program partners 🚀

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Our Founder, Dr. Mohammed Obaidullah, presented a paper on "Shariah Sandbox for Islamic Fintech Regulation" as a tool to resolve many ethical dilemmas that perhaps are new and unique to the Islamic fintech sector. 

Here is the presentation: https://lnkd.in/g3rpXe2w 

As many of us are aware, the new game in the town has led to many market practices, such as, wash trading, scalping, shilling, pump-and-dump, some of which involve issues of ethics and morality, yet are often defended in terms of the fundamental freedom of contracting and wealth creation granted by the Shariah. In the coming days, Dr. Obaidullah intends to continue with a series of dialogues on each of these ethical issues seeking to discern and evaluate any tug-of-war between concerns of efficiency and ethics from a Shariah perspective. You are invited to join the dialogues.

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Stripe Climate aggregates funds from forward-thinking businesses around the world to increase demand for carbon removal by working with with Frontier, Stripes in-house team of science and commercial experts, to purchase permanent carbon removal.

More info here: https://lnkd.in/ghhkydpf

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Our offices for PT. IBF Net Indonesia and Yayasan Syabakah Amal Islami are now located in Green Office Park 9 (https://lnkd.in/g2xYDYJE) under CoHive. We look forward to meeting you there :)

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The United Nations Climate Change Conference of November 2021, known as COP26, in Glasgow, Scotland urged the world to commit to curbing contributions to carbon emissions. Achieving a net-zero world in less than 30 years is causing many to turn to blockchain technology, buy carbon offsets, and spark renewed interest in carbon capture. The United Nations Environment Programme (UNEP) has identified transparency, clean energy, carbon markets and climate finance as areas where blockchain technology can accelerate climate action. At the 2017 Paris Summit, the UN Climate Change Secretariat joined a multi-stakeholder group of organizations to establish an open global initiative, the Climate Chain Coalition, signaling its early support for blockchain for the climate. Currently it has 346 organizations as members and four international agencies - WB, UNFCCC, UNDP, UNEP - as observers and supporters. IBF Net Group is currently engaged in developing a platform - Confluence - that allows impact management from the standpoint of both the SDGs and the goals of the Shariah. More specifically, it facilitates (i) impact rating of a project; (ii) measurement and conversion of impact into "impact cryptos" using Algorand blockchain technology and (iii) exchange of impact cryptos among stakeholders. Presently, the services are targeted at the members of the IBF Network at https://www.ibfnet.group We look forward to collaborative work in fine tuning the impact metrics and expansion of the community to participate in a vibrant Impact Exchange platform. Join our telegram channel to stay updated and to engage with others in the field of Islamic Business and Finance: https://t.me/ibfnetwork

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IBF Net Group was represented at the 2nd Islamic Fintech Leaders Summit on 21-22 Sep 2022 held at Pavilion Ballroom, Pavilion Hotel Kuala Lumpur by its founder Mohammed Obaidullah, who participated in a panel discussion - "Blockchain Expert Talk: Halal Blockchain Ecosystem, Defi and Metaverse: What they are? And how far are we from realising the promises behind these futuristic systems?"

The discussion was moderated by Hazik Mohamed, Founder & Managing Director of Stellar Consulting Group, Singapore. Other panellists included Farah Jaafar, Chief Communication Officer & MD of Fusang, Malaysia and Effendy Zulkifly, Founder of Crypto Valley Malaysia.

Read more: https://ibfnet.medium.com/shariah-based-metaverse-potential-areas-of-traction-and-challenges-4ad3fc0e9666

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With great pleasure we would like to announce that IBFNET Group is the recipient of the "GIFA Championship Award" for Islamic Digital Solutions. We are honored to have received this award in addition to garnering the continued support from global industry leaders like Algorand, Algorand Foundation and Borderless Capital

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Learning is never going to be same again. We’ve been busy with applying the latest immersive technologies to build a digital landscape where you can "feel" and interact with avatars of your fellow participants and instructors. A range of courses are getting ready to be offered in economics, banking, insurance, investments, social finance, leadership, project management from a conventional and Shariah perspective by some well-known experts in the field. This all new way to learn is an "open" system where you may participate as a student or as an instructor. Can you recognize the 4 instructors here? Two correct guesses will earn you a reward!

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Wishing you positivity, happiness and peace. Eid Mubarak!

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IBF Net is pleased to welcome Brian Kettell to its panel of scholars-in-metaverse. He is a prolific author and trainer with 14 books on banking and financial markets. His works are being minted into NFTs at IBF Net’s Affluence NFT Marketplace for easy access around the globe. The IBF Metaverse for Learning, which will be launching soon, will host Brian as a trainer-instructor for unique courses in the field of Sukuk and Islamic Capital Markets. Learn more about him here (https://lnkd.in/dhHaFYVN) If you are an aspiring author-trainer keen to benefit from the many fruits of blockchain technology, let’s chat now. Drop a line to [email protected] (Mohammed Imad) today expressing your interest.

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IBF Net is pleased to welcome Dr. Omar Fisher, a celebrated author, inventor and teacher to its panel of scholars-in-metaverse. His works are being minted into NFTs at IBF Net’s Affluence NFT Marketplace for easy access around the globe. The IBF Metaverse for Learning, which will be launching soon, will host Dr Omar as a trainer-instructor for unique courses in the field of Leadership and Takaful. Learn more about him here (https://lnkd.in/ds92nw5m) If you are an aspiring author-trainer keen to benefit from the many fruits of blockchain technology, let’s chat now. Drop a line to [email protected] (Mohammed Imad) today expressing your interest.

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IBF Net Launches Its ePublication Program with Al-Quran Translation NFT The Indian coastal state of Odisha has a sizeable Muslim population today making up roughly 2.2% of the total population of about 50 million. A large section among Odisha's Muslims communicate in the Odia language. There has always been a dire need among these Muslims for Islamic education in Odia. Most of them do not understand the Quran that they read everyday. A couple of translation works undertaken decades earlier have practically disappeared from the scene and are not accessible anymore. Shakeel Ahmed, a retired government servant from Odisha founded Iqra Research Academy several years back to produce Islamic education materials in the Odia language with its most ambitious project being the translation of the Holy Quran into Odia and distribution of the same as widely as possible among Muslims and non-Muslims in the state. This magnificent project was completed in 2021. IBF Net is pleased to host this translation of the Holy Quran on its Affluence platform in the form of an NFT. - NFT on the blockchain will ensure the immutability and originality of the translated work. - Smart contracts would automatically transfer all contributions by buyers to further empower Iqra Academy to keep producing more works. - The work can be verified and traced back to Shakeel Ahmed for due recognition and feedback of his work. - We hope to enhance the outreach of this work by making it available in new markets, especially among the tech-savvy younger generation of the Odias. Join our telegram channel to stay updated and to engage with others in the field of Islamic Business and Finance: https://t.me/ibfnetwork

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Calling researchers and authors!

We are here to disrupt the publishing business with far greater transparency and a fairer share in the revenues. On IBF Net's Affluence platform, every single sale of your book will be on the blockchain, fully accounted for with automatic flow of royalties to your account through smart contracts. For more information and authorship proposals, contact [email protected]