Fee per participant: RM2,600/US$700
Please note that the Ringgit price is applicable to Malaysia-domiciled participants only. Discounts are available for group bookings. Please contact us for more details.
Digital Assets & Stablecoins: Innovation in a Shariah-Compliant Financial Ecosystem
Understanding Risks, Governance, Adoption Pathways and Opportunities
Date: 18th May 2026
Venue: Hilton Kuala Lumpur
Classroom Training
WHY THIS PROGRAM?
Digital assets, including stablecoins and asset-linked tokens, are increasingly shaping the global financial landscape. While much of the early discourse focused on unregulated and volatile instruments, attention has now shifted towards regulated, value-referenced digital assets that may support payments, settlement, and capital market efficiency. In Malaysia, the development and adoption of digital assets and stablecoin-type instruments takes place within a well-defined regulatory and supervisory framework led by Securities Commission Malaysia and Bank Negara Malaysia, with strong emphasis on monetary stability, financial integrity, consumer protection, and Shariah governance. This one-day programme provides a Shariah-centric and policy-aware examination of digital assets, with particular attention to stablecoins, focusing on regulatory and governance considerations, adoption challenges, and emerging opportunities for Shariah-compliant digital assets within a regulated financial system.
Learning Objectives and Key Takeaways
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By the end of this programme, participants will be able to:
- Understand the key categories of digital assets, including stablecoins, and their relevance to Islamic finance.
- Identify and analyse core Shariah issues relating to digital assets and stablecoin structures.
- Navigate Malaysia’s regulatory landscape, including the roles of Bank Negara Malaysia and Securities Commission Malaysia in overseeing digital assets, issuance, payments, and financial stability.
- Assess institutional adoption challenges, particularly for market participants considering stablecoin-related use cases.
- Evaluate the potential role of Shariah-compliant stablecoins in payments, settlement, and asset tokenisation.
- Contribute meaningfully to Shariah committee, regulatory, and policy discussions on digital assets and stablecoins.
AGENDA
Setting the Scene: Digital Assets, Stablecoins and Islamic Finance
- Evolution of digital assets: from speculative instruments to infrastructure use cases
- Introduction to stablecoins and value-referenced digital assets
- Why stablecoins are receiving regulatory and institutional attention
- Relevance to Islamic finance and regulated financial systems
Shariah Foundations and Key Issues in Digital Assets and Stablecoins
- Defining digital assets and stablecoins from a Shariah perspective
- Classification issues: Money, e-money, asset-backed instruments, or payment tools
- Key Shariah considerations:
- Asset backing and reserves
- Ownership, custody, and redemption rights
- Qabd (possession) and transfer
- Gharar, Maysir, and price stability
- Role of Shariah governance and transparency
The Regulatory Context and Approach to Digital Assets and Stablecoins
- How are key regulators approaching digital assets?
- Overview of Malaysia’s financial regulatory architecture
- Regulatory expectations relevant to stablecoin-type instruments:
- Governance and accountability
- Reserve management and safeguarding
- Consumer protection
- AML/CFT considerations
- Interaction between regulation and Shariah decision-making
Adoption Challenges for Islamic Financial Institutions
- Institutional readiness for digital assets and stablecoins
- Risk management considerations:
- Shariah risk
- Operational and technology risk
- Legal and regulatory risk
- Role of Shariah committees in stablecoin assessment
- Reputational and conduct risks
- Engagement with regulators and supervisors
Opportunities for Shariah-Compliant Digital Assets and Stablecoins
- Payments and settlement efficiencies
- Cross-border use cases and financial inclusion
- Tokenisation of real-world assets
- Conditions for Shariah-compliant stablecoin structures
- Importance of regulation, governance, and reserve transparency
- Potential role of Islamic finance in shaping ethical digital money
Case Discussions and Practical Reflections
- Hypothetical scenarios involving:
- Bank-issued or bank-supported stablecoins
- Shariah committee deliberations
- Regulatory engagement with BNM
- Identifying key Shariah and policy questions
- Practical lessons for institutions and supervisors
Wrap-up
EXPERT COURSE DIRECTOR
Mufti Faraz Adam is a leading Shariah advisor specialising in Islamic finance, fintech, and digital assets, with a particular focus on the application of Shariah principles to emerging financial technologies. He is widely recognised for his ability to bridge classical Islamic jurisprudence with modern financial innovation, supporting institutions, regulators, and market participants in navigating complex Shariah issues. Since 2022, he has served as Shariah Advisor – Digital Assets, Tokenisation & Web3 at Fasset, where he provides strategic guidance on the development and governance of Shariah-compliant digital asset solutions and tokenised financial structures. His work includes advising on product design, regulatory positioning, and the operationalisation of compliant Web3 and stablecoin-related use cases within a rapidly evolving digital asset landscape. Mufti Faraz is the Founder of Amanah Advisors, a specialist Shariah advisory firm, and serves as Shariah adviser to a number of international financial institutions and fintech platforms, particularly in the area of Shariah-compliant digital assets and tokenised structures. He has been closely involved in advising on the permissibility, governance, and implementation of digital asset products, including stablecoin-related applications. Academically trained in both traditional Islamic scholarship and modern finance, Mufti Faraz holds advanced qualifications in Islamic jurisprudence and has completed postgraduate studies in Islamic finance. He is a regular speaker at international conferences and training programmes, engaging with bankers, Shariah committees, regulators, and policymakers across multiple jurisdictions.
Fasset is a global stablecoin-powered Islamic banking and investment platform focused on enhancing financial inclusion in high-growth markets, enabling individuals and businesses to securely deposit and invest from anywhere in the world. In 2024, Fasset introduced Own, its Ethereum Layer 2, designed to expand access to decentralized finance globally. Fasset has offices in Dubai and Jakarta and holds regulatory approvals in several countries, including the UAE and Indonesia, for offering tokenized assets.
WHO WILL BENEFIT?
- This comprehensive course is designed to benefit professionals from banks, investment managers, issuers, Takaful and insurance companies, payment institutions, fintech firms, regulatory bodies, and Shariah advisory functions involved in strategy, governance, risk, compliance, product development, or digital finance initiatives, including professionals working in:
- Financial institution management
- Shariah governance and advisory roles
- Risk management, compliance, and legal functions
- Strategy, innovation, and digital transformation teams
- Payments, treasury, and financial market operations
- Regulatory, supervisory, and policy development roles
FEE
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IN-HOUSE/GROUP TRAINING
If you are looking for an in-house training program or wish to send a group to an existing public program, kindly please contact Andrew Tebbutt at [email protected] or +603 2162 7802.
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