November 28 Dr. Suleiman is the founder of Alsadiq, Malaysia's first Islam economic and financial consultancy planned to join the Belt and Road initiative. Dr. Sulaiman is also the co-founder of SIBFP, a Hong Kong-based Islamic economic research instituteThink tank.
(Dr. Sulaiman speaks at the Halal Chain Dubai press conference)
Dr. Sulaiman accepted an exclusive interview with Golden Finance as co-founder of Malaysia for Halal Chain.
HALAL is the lawful act referred to in sharia law. Especially on the basis of HALAL development, the formation of the world's Muslim dietary conventions .Halal Chain Chinese name of the green food chain, is to use the blockchain to centralize the data can not be tampered with, tracing the characteristics of the blockchain technology and halal Industry together to create halal product safety monitoring system.
Halal chain helps Malaysian halal industry
Malaysia is an industrial powerhouse in the Muslim world. According to the statistics, Muslims make up 68% of the total population in Malaysia, Malaysia is also in great demand of Halal products. As a result, Malaysia will also use Halal Chain to promote the development of the Halal industry, including the international market through Halal Chain and the export of Malaysian halal products to the world. The related halal industry in Malaysia will be pleased to use the eco-system built by Halal Chain because the halal chain has already established a very convenient channel in Asia and more products will be grafted onto the halal chain, including halal food.
The Malaysian Central Bank takes a friendly attitude towards the virtual currency
On the regulatory side, the Bank of Malaysia is also working to improve the regulation of the entire virtual currency industry, but there is no specific regulation introduced and it is expected that some progress will be made by early next morning. Dr. Sulaiman believes the Bank of Malaysia is more likely to adopt a more friendly Attitude towards the entire virtual currency industry. There are similar global countries like Germany, Japan, the United States and other countries that hold a more friendly attitude toward virtual currencies. Dubai is a good example. These open-minded countries are taking the lead in their development by using new technologies to generate more returns.Malaysia is expected to adopt a similar regulatory attitude in the virtual currency industry as these countries.
Halal chain to enjoy free tax policy by Dubai Airport Freezone Authority(DAFZA)
Each country and the identification of virtual currency is not the same, for example, the Chicago Mercantile Exchange recently announced the introduction of bitcoin futures products that is the virtual currency products to be treated as securities or commodities. The United States regards it as a security and regulators have also been placed on the Securities and Exchange Commission. Licensing needs to be turned into compliance with the securities process. While Germany regards it as a "private asset," different countries have different approaches to treatment, so the corresponding regulatory and tax policies will be different. At present, Dubai is still in its infancy in the virtual currency industry. The specific taxation system needs to be gradually improved. How to regulate and supervise the development of the virtual currency industry is still in the groping phase, with room for trial and error and opportunities for correction. The Dubai government has given a lot of support to the development of Halal Chain, especially in its policy and regulation, which has dual attributes of both specific products and financial products and currently enjoys various tax-free policies in Dubai Airlines FTA.