Memorandum of Understanding Signing Ceremony between Sharia Digital Technology FZ LLC, PT. Digital Syariah Teknologi, and GREEN-X Digital Asset Exchange Syariah

August 30, 2024 7:05 AM EDT | Source: LBank Agency^[1]

Dubai, United Arab Emirates--(Newsfile Corp. - August 30, 2024) - A significant Memorandum of Understanding (MOU) was signed between Sharia Digital Technology FZ LLC, PT. Digital Syariah Teknologi - Surabaya, and GREEN-X Digital Asset Exchange Syariah at the Auditorium DFF, Area 2071, Emirates Tower in Dubai. This MOU represents a strategic collaboration aimed at the transfer of technology and the establishment of a Sharia-compliant digital asset exchange.

Figure 1

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The event commenced at 10:00 a.m. with guest arrivals, registration, and a coffee break, followed by an exclusive tour of Area 2071, Emirates Tower. Attendees were given insights into the innovative ecosystem dedicated to fostering future technologies.

Formal proceedings began at 11:00 a.m. in the Auditorium, with the Master of Ceremonies welcoming the attendees. The session featured remarks from key representatives:

• Mr. Khalifa AlJaziri AlShehhi, CEO of Sharia Digital Technology, emphasized the importance of this partnership in driving Sharia-compliant digital innovation.

• Mr. Hambali, Director of PT. Digital Syariah Teknologi, spoke about the significance of this collaboration for Indonesia and the broader Islamic finance sector.

• Mr. C K Lee, CEO of GreenPro Capital, shared his insights on the strategic importance of this alliance for financial technology.

• Mr. Phillip Tam, representing GREEN-X Digital Asset Exchange Syariah, highlighted the role of GREEN-X.

• Maawiiyah Tucker provided an in-depth explanation of Sharia Crypto, elaborating on its compliance with Islamic financial principles.

The MOU signing ceremony, held at 12:00 p.m., was witnessed by esteemed guests, including:

• H.E. Husin Bagis, Ambassador of Indonesia to the UAE

• Consul General Denny Lesmana, Consul General of Indonesia for Dubai

• Officials from the Ministry of Economy, UAE

• Dr. CK Lee, Owner of GreenPro Capital - Nasdaq

• KH. Muhammad Hasan Ubaidilah, Secretary of MUI East Java

• KH Kasiadi Marzuki Kompol, Treasurer MUI East Java

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The agreement outlines the commitment of Sharia Digital Technology FZ LLC to transfer essential technology, know-how, and expertise to PT. Digital Syariah Teknologi. This collaboration includes the use of GREEN-X, ensuring compliance with Sharia principles.

Figure 3

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The technology transfer will encompass software, tools, documentation, and training required for the operation of a Sharia-compliant digital asset exchange. Ongoing technical support will be provided during the initial implementation phase, which is expected to last for 12 months.

All parties have agreed to maintain the confidentiality of proprietary information exchanged throughout the collaboration. The agreement is governed by the laws of the United Arab Emirates and Indonesia, reflecting the international scope of this partnership.

The event concluded with a VIP tour of the Museum of the Future, offering attendees a glimpse into the advancements shaping the future of technology.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221486^[5]

SOURCE: LBank Agency^[6]

References

1. ^{^} LBank Agency (www.newsfilecorp.com)
2. ^{^} https://images.newsfilecorp.com/files/9711/221486_0f073ccbb4823a4f_001full.jpg (images.newsfilecorp.com)
3. ^{^} https://images.newsfilecorp.com/files/9711/221486_0f073ccbb4823a4f_002full.jpg (images.newsfilecorp.com)
4. ^{^} https://images.newsfilecorp.com/files/9711/221486_0f073ccbb4823a4f_003full.jpg (images.newsfilecorp.com)
5. ^{^} https://www.newsfilecorp.com/release/221486 (api.newsfilecorp.com)
6. ^{^} LBank Agency (www.newsfilecorp.com)