Third Annual Islamic Finance Innovation Day launched

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

The 3rd Annual Islamic Finance Innovation Day (IFID) Forum launched with participation from more than 300 regional and international attendees including senior Fintech, banking, regulatory, legal and investment experts engaging in dynamic discussions on “How Fintech Innovation is Transforming the Investment Industry”.

The event was held under the patronage of the Central Bank of Bahrain (CBB) and highlighted the important role of Fintech in industry transformation and the ongoing development of the investment sector.

CEO of BisB Hassan Jarrar delivered a speech looking at “The Next Phase of Digital Innovation”.

“To remain in pace with this rapidly advancing phenomenon of a digital-first society, and approach the future with confidence, we, as financial service providers, need to operate with agility and flexibility. We need to look beyond the technology and think about the people it impacts, whether be it our customers, employees, or partners,” he said.

Anouar Adham, CFA Co-Founder and CEO of CrowdToLive®, a leading UK-based, FCA regulated Fintech offering an innovative and unique way to access the real estate asset class, and a Forum Partner delivered a presentation highlighting how factional ownership can provide a non-debt solution both for investing and financing real estate transactions around the world.

“Historically, real estate has been a prime asset class for debt financing, however the continuous price rise of residential properties around the world created a serious affordability crisis, non-debt solution is an answer to this challenge,” Adham said.

Two interactive panel discussions followed covering the role of new cutting-edge digital solutions and how they are revolutionizing the investment industry with senior experts looking at the resulting challenges and opportunities and overall developments from a holistic perspective covering the regulatory and legal fronts as well as implications on financial services providers and the customers they serve.