ANNOUNCEMENT OF STRATEGIC ALLIANCE WITH NATIONAL ZAKAT FOUNDATION
16 September – The ZEN Global Limited and the National Zakat Foundation signed a memorandum of understanding (MOU) on 6 September in London to kick-start cooperation in adopting the Blockchain technology for the Islamic philanthropy sector.
The memorandum was signed on behalf of National Zakat Foundation (NZF) by Mr. Azim Kidwai, Trustee of NZF and Director of Mercy Mission and Mr Takamasa Kawasaki, CEO of ZEN IOM Limited.
The memorandum serves to provide a framework for understanding and cooperation between the parties for the achievement of their common goals with regard to improving governance, transparency, accountability, security and effectiveness in the distribution of Zakat. ZEN will have facility to operate as a ‘clearing house for charitable donations with game-changing Artificial Intelligence (AI) capabilities; an advanced capacity to enable Blockchain technology to create an open-source system whereby stakeholders - donors, non-profits, third parties and recipients - can verify transactions independently; the ability to give and receive donations using a new cryptocurrency, (the "AEN Token").
Areas of cooperation
a. National Zakat Foundation will support ZEN Global Limited, a fully-owned subsidiary by ZEN IOM Limited, in piloting the ZEN platform in their system.
b . Regular feedback on the first version of platform for a better and successful pilot. c . Working closely to approach World Zakat Foundation and other national Zakat Foundation worldwide.
CEO of ZEN IOM Limited
Token Issuance and Listing Announcement
It is with great pleasure to announce the AEN token will officially be issued to stakeholders accordingly and listed on the TokenX exchange.
We recommend keeping an eye on the TokenX official website to get the latest information.
22nd SEP 2018
Listing Date & Time
28th SEP 2018 11:00 UTC+0100
ANNOUNCEMENT SETTING UP OF WHOLLY-OWNED SUBSIDIARY
The Board of Directors of Zen IOM Ltd (the “Company”) wishes to announce that it has set up Zen Global Limited. as a wholly owned subsidiary, with its principal activities as providing a social platform to serve multiple different charitable causes and as ‘‘White Label’’ product for individual non-profit organizations.
Zen Global Limited (Company Registration No. 06790128) is incorporated under the Law of United Kingdom and its registered office located at 5 Frederick’s Place Old Jewry, EC2R 8JQ, London.
The Directors of the Zen Global Limited are:
1. Takamasa Kawasaki;
2. AKM Ismail; and
3. Ranjit Majumdar.
The Zen Global Ltd will provide Zen Platform which consists of three core attributes:
•The facility to operate as a ‘clearing house’ for charitable donations with game-changing Artificial Intelligence (AI) capabilities;
•An advanced capacity to enable ‘Blockchain’ technology to create an open-source system whereby stakeholders - donors, non-profits, third parties and recipients - can verify transactions independently;
•The ability to give and receive donations using a new cryptocurrency, (the "AEN Token").
Save as disclosed above, none of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the above matter other than through their shareholding interests in the Company.
BY ORDER OF THE BOARD
22 August 2018
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