Kuala Lumpur, 26 Sep 2023 – INCEIF University Masters and PhD students, accompanied by Associate Dean Prof Aishath Muneeza and Subject Matter Expert on waqf Assoc Prof Dr Magda Ismail, today made an industry visit to Finterra Technologies, an award-winning Fintech solutions company headquartered in Kuala Lumpur.

The highlight of the visit was an engaging session with Finterra Founder Mr Hamid Rashid who shared his insights on Islamic FinTech, with a particular focus on Blockchain Technology. His presentation was both enlightening and thought-provoking, shedding light on the transformative potential of this technology in the Islamic finance sphere. He also into Islamic Social Finance, emphasising on the innovative concept of Waqf Chain.

The session also included information on career opportunities within the Islamic Social Finance space, which provided the students with valuable information on potential career paths and the skills required to excel in this dynamic field. To illustrate the practical applications of Finterra’s work, Mr Hamid presented a compelling case study on Finterra Global Plantations, showcasing real-world examples of how technology was shaping the future of Islamic finance. He also emphasised the importance of democratisation of Islamic finance, underlining how technology could make Islamic finance accessible to a broader audience.

A lively Question and Answer session followed, where students had the opportunity to delve deeper into the topics discussed, seeking clarification and gaining valuable insights from Mr Hamid.

The industry visits, conducted continuously during the semesters, exemplified INCEIF’s commitment to offering its students with real-world industry exposure and fostering valuable connections within the field. The University has always strongly advocate for active networking between its students and the industry as it acts as the bridge between academia and the corporate world. Such interactions help students understand the practical challenges faced by businesses and enable INCEIF to tailor its curriculum to better prepare students for the job market. Feedback from such visits can be used to enhance the relevance of the education provided by INCEIF.

For students in particular, the visit allowed them to apply their classroom knowledge, provided networking opportunities, and instilled a deeper understanding of compliance and regulation in the Fintech industry. Most importantly, it inspired and motivated them to pursue careers in finance and technology with renewed enthusiasm. Such industry visits play a pivotal role in shaping the future professionals of the financial world, ensuring they are well-prepared to face the challenges and opportunities of the ever-evolving industry.

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