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MYSIF Chain
Transparency, Reliability, Trustability & Traceability
Objectives
Peer to Peer
Social Islamic Finance institution is benefited since it provide peer-to-peer system of transactions based on fully distributed system by autonomous process - to create a transparent and reliable environment for exchanging data and carrying out transactions through a decentralized and immutable network system.
Smart Contract
To formulate the functions of hyper-ledger fabric smart contract of MySIF Chain platform with current practice of waqf collections and distributions of benefits to the community in waqf organizations.
Real Time Reports
To provide end-to-end MySIF Chain through hyper-ledger fabric smart contract in enhancing the transparency, traceability and real-time reports in the waqf collections and distribution of funds to the beneficiaries.
Transparency & Traceability
To enhance the software capability in term of transparency, traceability and real-time reports related to the transactions of waqf collections and distributions.
About
MYSIF is able to ensure TRANSPARENCY, RELIABILITY, TRUSTABILITY and TRACEABILITY.
MYSIF is able to ensure TRANSPARENCY, RELIABILITY, TRUSTABILITY and TRACEABILITY of the transactions from those who contribute to Majlis Agama Islam Negeri to those who receive and thus, promoting the social islamic fund instrument as Shariah-compliant's product and services and fulfilling the “SHARIAH CRITICAL CONTROL POINT (SCCP)”.
MySIF also allows the integration of any contract terms and conditions either with the waqif, MAIN and Mauquf-alaih into the blockchain and leads to higher corporate governance practices in waqf institutions - effectively boost waqf activities from corporate entities and individual.
MYSIF TEAM
Dr Khairil Faizal Khairi
Project Manager
Dr Azuan Ahmad
Development Advisor
Hj Fakhruddin Abd Rahman
Industry Advisor
Dr Hisham Sabri
Shariah CCP Advisor
Saifuddin Mohd Samsi
Development Coordinator
Muhammad Hafiz Laili
Architecture Advisor
Dr Nur Hidayah Laili
Waqf Reporting Advisor
Our Work
We may imagine how many papers can be saved by waqf digitization provides by MySIF Waqf Chain in managing at least 1000 transactions per month. Therefore, MySIF offers faster, cheaper transaction and keep better track in waqf activities than traditional management.
230 Transactions
Since Our Inception in January 2022
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Featured Project
Wakaf USIM
Focus on wakaf activities and transaction in USIM
- Location: Nilai, Negeri Sembilan
- Year To Be Completed: June - 2022
- Client: Universiti Sains Islam Malaysia
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Featured Project
Persatuan Anak Yatim Kg Sg Kandis
Focus on donation
- Location: Klang, Selangor
- Year Completed: Jan - 2023
- Client: Persatuan Anak Yatim Kg Sg Kandis
Contact
Have a project that requires our expertise? We'll be happy to take a look at your project. All project estimates are free.
It is essential that we revolutionize how Islamic Social Finance together with Blockchain Technology evolve. In current fintech world, transparency and trustability is important to gain confidence from the public.
Faculty of Economics and Muamalat,Universiti Sains Islam Malaysia,
Bandar Baru Nilai,
71800 Nilai,
Negeri Sembilan, MALAYSIA.
Tel: + 60 17 280 1814
Email: info@mysif.com.my