Author Archives: Editor

Ayman Sejiny ICD, Ministry of Finance Malaysia, Elmangos and Bank Islam

GIFS2019 marks the signing of a strategic agreement between ICD and IAP Integrated in Kuala Lumpur

Kuala Lumpur, October 04, 2019: 

The industry linkage services of Elmangos successfully facilitated a Strategic Agreement  between The Islamic Corporation for the Development of the Private Sector (ICD) and IAP Integrated Sdn Bhd (“IAP Integrated”), the owner and operator of the Investment Account Platform  (IAP)  during the opening ceremony of the “2nd Global Islamic Fintech Summit” In Kuala Lumpur, Malaysia. The agreement signing was led by Ayman Sejiny, CEO of ICD, and Joann Enriquez, CEO of IAP Integrated.

This historic agreement was witnessed by three prominent figures: Datuk Zamani Abdul Ghani, Chairman of Bank Islam Malaysia Berhad; Mohammad Fikri Bin Ahmad, Private Secretary to the Deputy Minister of Finance of Malaysia; and Abd Elmohaimen Mansi, Founder & Director of Elmangos.

Mr Ayman Sejiny, the CEO of ICD said that “ICD is pleased to be the first organization that IAP Integrated turns to in an effort to market its crowdfunding fintech solutions to other major Islamic markets such as Central Asia and Africa, in addition to the traditional Islamic markets in the Arab regions. We believe that this collaboration will enhance our reputation as a trusted long-term partner towards contributing to the development of the economies of our member countries through private sector development”.

IAP Integrated’s CEO, Joann Maryam Enriquez commented that “for IAP to penetrate the above markets, it needs a partner that is reputable, has a good network and experience in those markets and more importantly, with a name and branding that interested parties and potential suitors in those markets can trust. In ICD, we have found a partner with all these traits”.

Abd Elmohaimen Mansi, Founder & CEO of Elmangos commented, “I am proud that the hard work of Elmangos team is paving the way for a stronger and more integrated Islamic digital economy through facilitating partnerships and collaborations such as the Strategic Agreement between ICD and IAP that was signed during GIFS in Kuala Lumpur recently. We believe in the future of Islamic Fintech and the global Halal economy, and our events will continue to support these industries to be highlighting the best entrepreneurs and initiatives from around the world”.

About the Islamic Corporation for the Development of the Private Sector (ICD) 

Established in 1999, ICD is a multilateral development organization and a member of the Islamic Development Bank (IsDB) Group. The mandate of ICD is to support economic development and promote the development of the private sector in its member countries through providing financing facilities and/or investments in accordance with the principles of Sharia’a. ICD also provides technical assistance and advisory services to member countries and their public and private enterprises with a view to improving the environment for private investment, facilitating the identification and promotion of investment opportunities, privatization of public enterprises and the development of the Islamic capital markets. 

For more information about ICD, visit  

About IAP Integrated Sdn Bhd 

IAP Integrated Sdn Bhd (IAP Integrated) is a wholly-owned subsidiary of Raeed Holdings Sdn Bhd (Raeed) which is a consortium of six Islamic Banks in Malaysia namely Affin Islamic Bank Berhad, Bank Islam Malaysia Berhad, Bank Muamalat Malaysia Berhad and Maybank Islamic Berhad. The consortium was later joined by Bank Kerjasama Rakyat Malaysia Berhad and Bank Simpanan Nasional. 

For more information about IAP Integrated, visit:

About the organiser:

Elmangos is a leading global business event and industry linkage facilitator. Our own conceptualized conferences/events is a meeting point of key stakeholders, movers and shakers of the global sector

Elmangos signs MoU with Erth as a sustainability partner for its global events

Kuala Lumpur, October 04, 2019: One Strategic Agreement (MoU) was signed between Elmangos and ERTH by Abd Elmohaimen Mansi, Founder of Elmangos and  Mohamed El-Fatatry, Founder and CEO of ERTH during the opening ceremony of “Islamic Digital Economy Experience” in Kuala Lumpur, Malaysia on Wednesday, 2nd October 2019 organized by Elmangos, a global business events producer and consultancy firm.

This collaboration happened just after a presentation given by Mr. Mohamed El-Fatatry, Founder and CEO of ERTH, where he talked about his early journey in Malaysia and history of establishing ERTH. He also talked about ERTH’s objectives; and significance of recycling e-waste. He presented how e-waste recycling could be a good profitable business estimating the value of the e-waste market globally to exceed $62.5 billion annually.

Abd Elmohaimen Mansi, Founder & CEO of Elmangos commented: “We all know the amount of waste that comes out of any event is very harmful to the environment, not only that but also costs money. This agreement is the first of its kind to have an event organizer accepting e-waste as a form of payment. This will help people turn their obsolete electronics into something valuable and help in saving the environment”.

The signing of Memorandum of Understanding between Elmangos and ERTH was witnessed by CEO and Senior Managements of different Organizations and Companies, delegates, entrepreneurs from all over the globe.

Elmangos is a leading global business event and industry linkage facilitator. Our own conceptualized conferences/events is a meeting point of key stakeholders, movers and shakers of the global sector.

You can reach Elmangos at 

ERTH is an E-waste Recycling Company that buys all kinds of end-of-life personal electronics such as PCs, laptops, smartphones, etc. located in Kuala Lumpur, Malaysia.

You can reach ERTH at 

First Waqf Blockchain platform launched in Oman

MUSCAT, JUNE 29 – The Gulf region’s first blockchain-based platform for the crowdfunding of Waqf charities and sharia-based investments was launched in the Sultanate on Wednesday. The launch of the Waqf Blockchain by Singapore-based Finterra, a leading blockchain social solutions provider, took place against the backdrop of the Oman Islamic Fintech Forum (OiFF) 2019. The daylong event, organised by Elmangos — an Istanbul-based global business events producer and consultancy firm, brought industry experts from various fields of expertise — regulators, bankers, entrepreneurs, investors and IT experts to share their experiences and insights in developing a fintech ecosystem for Islamic finance in the Sultanate.

Also present at the launch were: Dr Qais Issa al Yahyai, Executive Vice President — Central Bank of Oman (CBO), Dr Ammar al Obaidani, President of the Blockchain Club and a host of other dignitaries. “For the first time, Finterra is bringing a solution to Islamic finance that automates a lot of the processes that were done manually in the management of waqf,” Hamid Rashid, Founder — Finterra, said at the launch of the Waqf Blockchain platform. According to Rashid, Blockchain technology has many features that “mimic” the principles espoused by Islamic finance and Islamic banking, most notably, transparency and equitable distribution.

“With the blessings of the (authorities in Oman) we were able to reach out to various Islamic (financial institutions here), and in the last one year, we have been able to sign several MoUs, which has been translated into a working paper, which becomes a strategy paper,” he said. Finterra, he said, will be issuing Islamic social and economic tools to account holders based on Value-Based Intermediation (VBI). “With a tool like the VBI based Waqf Blockchain allows for the community to participate in the development of Awqaf through contributions and through funding Awqaf based pools of funds — whether cash or land based. Those funds, when asset managed by Islamic banks, the revenues and profits go in various ratios into charitable causes, into investments, and into social causes,” he said.