Tawarruq Token

iP2PGlobal Cryptocurrency Financing Platform aims to re-shape personal financing by introducing Sharia compliant financing products to individuals worldwide. Offering the first unsecured crypto financing product, the platform will also feature a single global benchmark rates for fair loan pricing, compensation fund to cover default risks, full KYC & AML compliance and proper e-lending legal documentation in order to enforce debt collectibility, furthermore financing & disbursement will be in US$ pegged stablecoins to encourage real world usage. TWQ Token, an ERC20 token, is the platform’s system token. Borrowers will have to stake a certain number of TWQ Tokens when applying for personal financing on the iP2PGlobal platform. The TWQ Token is reusable and will be returned to the Borrower in the event of a successful loan repayment.

1 Description
2 Roadmap
3 Team
4 External links
5 Sources
6 See Also on BitcoinWiki

Description

A Global Crypto Financing Platform that aims to re-shape personal financing by being the first to introduce Sharia compliant financing products and unsecured loans to individuals worldwide.
Shariah Compliant
Financing products are based on Sharia principles, targeting Muslim population of approx. at 2.18 billion. However the platform is open to everybody regardless of creed or religion.
Unsecured Financing
The platform will provide both unsecured and secured financing products.
Global Platform & Global Rate
One single platform to match borrowers and lenders across the globe for p2p personal financing using one global benchmark rate
Takaful Reserve Fund
Option to unsecured lenders to protect against borrower’s default.
Robust Credit Assessment
Bank grade credit scoring model combined with social credit scoring model.
AML & KYC Compliance
Anti Money Laundering and Know Your Customer procedures are applicable when on-boarding both borrowers and lenders onto our platform.
Legal Protection & Debt Collectibility
E-financing agreements to be executed conforming to laws in many countries, allowing recovery process to be initiated in a default situation.

Roadmap

“

February, 2018: Pre-ICO starts TWQ Token commences.
Beta version of modified platform ready for testing.
April, 2018: ICO of TWQ commences.
June, 2018: iP2PGlobal modified platform launched and TWQ tokens ready to be used on the modified platform.
Q2, 2018: Development works commences on new platform using Smart Contracts.
Discussions with 3rd party credit scoring providers and verification providers.
Q3, 2018: Alpha version of new platform ready.
Integration of new platform with 3rd party credit scoring and verification providers.
Q4, 2018: Beta version of new platform ready for testing, with integration with 3rd party credit scoring and verification providers completed.
January, 2019: New platform launched.
Q1 – Q2, 2019: Focus on developing markets in Phase 1 countries of the Targeted Markets.
Q3, 2019: Mobile Application Development.Develop behavioural learning software to integrate into our credit scoring model.
Q4, 2019: Additional coins and tokens integration for financing.
2020 Onwards: Focus on Phases 2 and 3 countries of the Targeted Marketsv.^[1]

”

Team

name:	title:	links:	group:	iss:
James Loy	Chief Executive Officer	https://www.linkedin.com/in/james-loy-7997ba27/		2.9
Derek Lee Boon Wah	Director	https://www.linkedin.com/in/derekbwlee/		2.9
Rashdan Ibrahim	Director	https://www.linkedin.com/in/morib		2.9
Muhammad Radzi Ibrahim	Head of Operations	https://www.linkedin.com/in/rdzibr/		2.9
Azli Noor	Head of Legal & Compliance	https://www.linkedin.com/in/azlinoor/		2.9
Azaraie Mohamad Ghazi	Co-Founder & Advisor, Ableace Raakin Sdn Bhd		Advisor	2.9
Azzizi Mohamad Ghazi	Co-Founder & Managing Director, Ableace Raakin Sdn Bhd		Advisor	2.9

Sources

↑ https://ip2pglobal.com/

Tawarruq Token

Contents

Description

Roadmap

Team

External links

Sources

See Also on BitcoinWiki