An Islamic finance university and Malaysia’s ICT research development center will join hands to design a blueprint for Islamic finance-based investment technology platform.
The International Center for Education in Islamic Finance (INCEIF) and MIMOS have agreed to undertake joint research and development of information and communication technology (ICT), focusing specifically on big data analytics, deep learning and fintech. Under an MOU, both institutions would collaborate on information exchange as well as exchange of personnel for purposes that include teaching, research, training, study visits and internships.
This partnership may also serve as an avenue for the two parties to explore other related activities including field-testing, technology transfer and commercialization of technological products. “We look forward to translating the innovative ideas incubated through our research into a reality, be it a service or product which is of use to the society at large. As a global university specializing in postgraduate studies and applied research in Islamic finance, we are encouraged by this development and look forward to be part of the fintech movement,” said Dr Azmi Omar, the president and CEO of INCEIF.