Thu, 17 May 2018
7:00 PM – 9:00 PM (GMT+5)Add to Calendar
Hyatt Regency Tashkent, Navoi St, 1 A, Tashkent, Uzbekistan
Last year, Saudi Arabia issued its largest Islamic finance-compliant bond on the Irish Stock Exchange, which became wildly oversubscribed, attracting more than $33 billion in orders. Many Western banks, including Citibank and HSBC set up dedicated Islamic Finance branches, while UK, Hong Kong, and Luxemburg issued their own Islamic bonds, or Sukuk. These are just a few examples of how popular the Islamic banking has become even in non-Muslim countries as an effective tool for financing development worldwide.
What particularly makes the Islamic finance so attractive among the investors is its emphasis on the real economy, since the investments must be made in things that exist in the real world, such as properties or businesses. The Islamic law is concerned about real assets and real economy, but is there any place for virtual currencies and FinTech in this complex system?
Prof. Emilio Escartin, who served as Head of Investments at Bahrain Development Bank and holds a Master’s degree in Islamic Finance, will explain what cryptocurrency is and what Islamic scholars think about it. He will also answer the important questions: are cryptocurrencies real or financial assets and can Islamic finance support the blockchain technology? At the master class, Prof. Escartin will share his experience on how FinTech can support and help Islamic financial institutions and whether FinTech Islamic finance is an opportunity to transform this technology into a social impact finance.
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