CASE STUDIES

Finterra

Case Study of Malaysia

A technology company providing blockchain-based Islamic applications. It was established in 2017, and currently has presence in Malaysia, Singapore, Hong Kong and UAE, with plans to further expand to Africa, Saudi Arabia and Oman. Finterra has developed blockchain solutions for Islamic social finance including charity (Sadaqah), endowment (Waqf) and alms (Zakat), integrating crowdfunding technology. With its solutions, Finterra hopes to revitalize Islamic social finance across the globe, with a major focus given to Waqf in order to unravel numerous endowed assets globally that were previously deadlocked due to regulatory restrictions.

Key Personnel

A technology company providing blockchain-based Islamic applications. It was established in 2017, and currently has presence in Malaysia, Singapore, Hong Kong and UAE, with plans to further expand to Africa, Saudi Arabia and Oman. Finterra has developed blockchain solutions for Islamic social finance including charity (Sadaqah), endowment (Waqf) and alms (Zakat), integrating crowdfunding technology. With its solutions, Finterra hopes to revitalize Islamic social finance across the globe, with a major focus given to Waqf in order to unravel numerous endowed assets globally that were previously deadlocked due to regulatory restrictions

Business Model

As a waqf crowdfunding platform, Finterra’s business model is based on intermediation. Yet, Finterra’s businesses expand into other areas in which there are several revenue streams including:

Cloud software subscription fees charged to different stakeholder users on the Waqf Blockchain platform, transaction fees applied to the transfer of funds within the blockchain, and success fees applied charged to charitable, waqf, or investment projects for raising funds.

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