iSunOne works with the Malaysian government to build the world’s first Islamic financial system on blockchain

September 10, 2019 - 08:10
iSunOne works with the Malaysian government to build the world’s first Islamic financial system on blockchain

KUALA LUMPUR, MALAYSIA - Media OutReach - 10September 2019 - TideiSun Group (iSunOne) announced itspartnership with Malaysia Productivity Council (MPC), making the platform thefirst in the world to work directly with the Malaysian government to provideIslamic financial services with blockchain technology.


Mr. Tian Chua, Chairman of MPC, expressed his welcome tothis cooperation: "24% of the world's population is Muslim, of which 71%do not have financial bank accounts. The financial system of the Islamic worldis still very traditional and backward. In this promising market, iSunOne provides globaldigital banking services on blockchain and delivers an innovative solution forboth Islamic finance and conventional finance. iSunOneprotects personal privacy and can make a difference in Islamic finance. MPCwill promote iSunOne in the Malaysian financial industry, including banks,payment sectors,  securities tradingfirms, and the Malaysian government. MPC will arrange proof-of-concept trialsand technology testing for suitable solutions."


Mr. Chen Ping,Chairman of iSunOne,TideiSun Group said: "With more than 5 years of experience in blockchaintechnology development, iSunOneprovides a wide range of fintech services including e-wallet, trading, assetmanagement to a global user base. Malaysia as a multi-ethnic country choosingiSunOne as the country's blockchain financial services provider affirmediSunOne's strength in blockchain technology and finance. Especially in Islamicfinance which prohibits interest and requires risk/profits sharing, iSunOne hasa unique advantage."


MPC will allocate more funding for iSunOne to build anIslamic financial system on blockchain. MPC will formulate measures toencourage the application of iSunOneby commercial organizations, and draw up in the near future strategies fortraining blockchain technology-related talents. To overcome the obstacles facedby iSunOne (such as financial products, registration, license application,etc.), MPC will recommend government departments to consider the need tointroduce regulatory measures on such technological adoption in light of futuredevelopment. MPC Chairman Mr. Tian Chua is also vice-president of PartiKeadilan Rakyat (PKR, or The People's Justice Party) and a Special Advisor toWorks Minister of Malaysia.


About MPC

The Malaysia Productivity Corporation (MPC) which wasformerly known as the National Productivity Corporation was established in 1962as a joint project between the United Nations Special Fund and the FederalGovernment, with the International Labour Organisation acting as its executingagency. MPC's responsibilities are: to deliver high impact services towardsachieving performance excellence through innovation for the betterment of life;to provide value-added information on productivity, quality, competitivenessand best practices through research activities and databases; to develop humancapital and organisational excellence for building a knowledge-based societythrough training, systems development and best practices; and to conduct reviewon regulation and promoting Good Regulatory Practice to create a morecompetitive business environment. For a detailed introduction of MPC, pleasevisit: https://www.mpc.gov.my/


 

About iSunOne

iSunOneis a global leading one-stop financial services platform built on theblockchain. Combining safety and user-friendliness, iSunOne provides a range ofservices including crypto wallet, crypto trading, crypto asset management, etc.iSunOne debit card service provides a seamless online and offline paymentexperience for more than 150,000 users worldwide. Download the APP now for freevia Google PlayApple Store or https://isun.one/.Follow social media channels below:

 

Facebook: https://www.facebook.com/iSunOne/

Twitter: https://twitter.com/iSunOneOfficial

Linkedin: https://www.linkedin.com/company/isunone/

Telegram group: https://t.me/iSun_Community

 

To become a global partner of iSunOne Debit Card, pleasevisit https://isun.one/contact.

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