Bayan Token - A Shariah-Compliant Utility Crypto Token(BYT)
Token Count
1 BYT = 0.80 USD

Innovative & Visionary

The proceeds from Bayan token crowdsale will fund several projects that will ensure the integrity of Bayan token as a valuable token. Bayan token is not only a utility token but it is also backed by real-life, profitable projects that will support the whole ecosystem

Trading Tools

Development of a sophisticated Artificial Intelligent-Equity Trader for Global Exchanges

Halal Mart

Expansion of 100 to 1000 stores of Halal Mart across Malaysia, Singapore, Brunei and Indonesia

Medical Breakthrough

Production and commercialisation of Basella alba leaf extract as a health supplement

The Intrinsic Value of Bayan Token

Intrinsic value is an ethical and philosophic concept in a property. It is the ethical or philosophic value that an object has “in itself” or “for its own sake”, that guarantees it as an intrinsic property. We have managed to structure our Bayan Token as such it has an intrinsic value and that is by way of offering a one server of Private Cloud Server with specifications of:

Shariah Compliant Artificial Intelligence-Equity Trader(AiET Z2 System)

Z2 systems combines technical and fundamental analyses and cutting-edge trading tools to provide the best investment and trading opportunities by streamlining the whole process of making investment decisions to produce more efficient and more profitable trades.

Z2 Strategy – Revolutionary

Z2 employs 5 proprietary strategies which are analytical techniques developed through absolute devotion to discover a revolutionary tool.

Z2 Scanner – Innovative

Z2 Scanner is a tool that allows scanning of the entire market and vast network of data to locate stocks that meet Z2 Strategy screening criteria.

Z2 Filter – Premium Selection

The pool of potential trades are sifted through a host of fundamental data, reviewing information from the market, browsing data sources to ensure the final pick is optimal.

Z2 AutoTrader – Cutting Edge

A complex, algorithmic platform based on artificial intelligence and used state-of-the-art technology, open and close positions automatically on the signal.

Physical & Online Halal Mart

We are looking at an expansion of at least 100 of physical stores of Halal Mart across Malaysia, Singapore, Brunei and Indonesia in 3 years and that is by implementing the successful and profitable module of Elzar Mart. Additionally to prepare a warehouse and effective and systematic transportation as well as developing an online Halal Mart platform ensuing to the current trend and demand of customers.

The size of each store will be around 1500 sqft – 3000 sqft with at least five doors of chillers and three to six sets of 4-foot freezers. Depending on the proceeds of the crowdsale, the maximum for the expansion shall be 1000 marts across Malaysia. Our targeted area would be as follows:

Basella Alba Leaf Extract

Commercialise and production of new compound for health care which is based on compelling lab and chemical research. (Basella alba leaf extract as a treatment for hypercholesterolemia). The enzyme 3-hydroxy-3-methylglutaryl-coenzyme A (HMG-CoA) reductase is the rate-limiting enzyme in cholesterol biosynthesis that catalyzes the conversion of HMG-CoA to mevalonate.

The inhibition of HMG-CoA reductase effectively lowers the level of cholesterol in humans and most animals by the activation of sterol regulatory element-binding protein-2, which upregulates the HMG-CoA reductase and LDL receptor that lead to the reduction of cholesterol levels. Although statins are well-known HMG-CoA reductase inhibitors, long-term consumption of statins cause severe adverse effects such as muscle and liver damage, rhabdomyolysis, and acute renal failure. Due to the side effects of synthetic drugs, attention is now directed to alternative medicines of plant origin.


Dr. Zaharuddin Abd Rahman

Chairman, Shariah Board

Sheikh Dr. Zaharuddin Abd Rahman is a Managing Director of Elzar Group of companies (Elzar Shariah Solutions Sdn Bhd, Elzar Resources Sdn Bhd, Elzar Trading Sdn Bhd and K-Fiqh Sdn Bhd). Dr. Zaharuddin served as an Assistant Professor at the Kulliyyah of Economics, International Islamic University Malaysia (IIUM) for more than 10 years. He obtained his degree from University of Malaya, MA in Shariah from Al-Yarmouk University, Jordan and PHD in Islamic Studies and Finance from University of Wales. He is also a certified Islamic Finance trainer and lecturer by The Markfield Institute of Higher Education, United Kingdom. His has served RHB Islamic Bank Ltd, Malaysia as a Senior Shari’ah Manager & Product Development and later, joining Asian Finance Bank Ltd as Head of the Shari’ah Compliance. He has a vast experience in Shariah where he has served various institutions as Shariah Consultant and Advisor for Central Bank of Malaysia (BNM), OSK Investment Bank, Deutche Bank, Al-Rajhi Bank Malaysia, Standard Chartered Saadiq Bank, ACR ReTakaful Bahrain, BIMB Securities Sdn Bhd, BNP Paribas Bank and others. To-date, he has written over 20 books and hundreds of articles on Islamic Jurisprudence and Islamic Banking and other Shari’ah matters in journal, including local and international magazines and conferences. He frequently appears in the local television and radio lecturing on various Shari’ah issues especially with regards to the Islamic commercial transaction. His Facebook page ‘Dr. Zaharuddin Abd Rahman’ has about 1.3 million followers.

Mr Vince Focarelli

Ambassador, Chairman

There was a time, whenever Vince Focarelli’s name was mentioned, it struck fear and hatred in the people’s heart, especially amongst the residents of Adelaide. That is not the case anymore. The former leader of the notorious gang ‘Comanchero’, he is now a transformed and completely different person after embracing Islam. Vince – now Imran Abdul Salam – is an active social activist, where he frequently gives motivational and inspirational talk about his journey to Islam. He is also actively involved in several humanitarian works such as organising a food convoy for the Yemeni refugees. He used to own and run a Halal Italian restaurant, La Fig Cucina in Adelaide, of which he wishes to expand its presence around the world. Vince has been appointed as the Ambassador to Bayan Token as he shares the same aspirations and noble intentions of spreading good to the wider mass. An avid preacher of kindness and goodness himself, he is very excited and looking forward to do greater good through the Shariah compliant Bayan Token.

Dato’ Zainal Abidin M Husain

Deputy Chairman

Dato’ Zainal Abidin was a name to be reckoned with in the banking and financial industry. He served as a Manager for eight years at Arab-Malaysian Merchant Bank Berhad before becoming the Head of Finance at Halim Securities Sdn Bhd. He then made his leap of faith by founding Ikhtiar Destinasi Sdn Bhd. He has held many significant positions since then which include the Managing Director for Ikhtiar Factoring Sdn Bhd and Director for both Transpro Sdn Bhd and Ikhtiar Commerce Sdn Bhd. At 56, he is still active and going strong, overseeing Ikhtiar Destinasi Sdn Bhd as its Executive Chairman. He graduated from University of Minnesota in Accounting and Idaho State University in Masters in Education (Business).

Nazimuddin Nazaruddin

Chief Executive Officer

Nazimuddin graduated from Universiti Teknologi Mara (UiTM), completing his Association of Chartered Certified Accountant (ACCA) professional course. He is a member of ACCA and Malaysia Institute of Accountants (MIA), and is currently a Chartered Accountant by background. He kickstarts his career in a medium sized Audit Firm, Afrizan Tarmili Khairul Azhar (AFTAAS), and continue his auditing career to one of the Big Four firm, Deloitte Malaysia based in Petaling Jaya, leading and managing various client’s portfolio, from small to big entities. Then he moved to Schlumberger KL Financial Hub as a Management Accountant, dealing with Financial Reporting and operational matters, taking care of Middle East area operations via working closely with Operation Controllers, specifically in Artificial Lift and Completions segment for Kuwait, UAE, and North Sudan. Currently he is practicing in his own firm Nazim & Co, an accounting firm under MIA, specializing in small medium entities portfolio’s. He has vast experience and well verse in International and local financial reporting standards, international standards of auditing, financial reporting compliance, statutory and taxation matters, performance management and internal audit compliance.

Adam Effendy Mustapha

Chief Operating Officer

Adam Effendy graduated from London School of Economics and Political Science in Bsc. Economics. Immediately after graduation, he was offered an executive position in UEM Group Berhad, serving both the Corporate Finance Department and the Managing Director’s office. He then moved to UEM Sunrise Berhad, gaining more experiences in the corporate world after serving total of three years in the Managing Director’s office and the Corporate Planning department. Adam then decided to resign and started his own publishing house that has published ten books to-date; two of them were national bestsellers. After two and half years being an entrepreneur, Adam craves for new challenges and wants to learn something novel and exciting. He quickly jumped at the offer to join the team as he gets to enjoy the best of two worlds; Islamic finance and financial technology.


  • January-April 2018


    Formation of the founders team and advisors;

    Incorporation of the relevant company;

    MOU agreement with relevant parties;

    Shortlisting purchases.

  • May - July 2018

    Pre-ICO fund raising;

    Beta version of the platform released;

    KYC module integration;

    Demo version of Ai-Equity trader released;

    Crypto intelligent portal is ready to be released;

    Front end and back-end development tested and perfected.

  • November 2018 - March 2019

    Expansion of the team and human capital;

    Testing of token redemption with cloud provider;

    Exchange listing of BYT;

    Road show and extensive marketing;

    Improvisation of AI-Equity Trader started.

  • April - August 2019

    Risk management and reporting system integration;

    Platfrom improvement and mobile apps;

    External Integrity audit;

    Extending Partnerships for 2nd year projects;

    Global exchanges integration to the AI-Equity Trader Z2 system;

    Distribution of privileges and entitlements to the Token Holders.

White Paper

Investment Info
Token Info
Token BYT
Platform Ethereum
Type ERC20
Token Price 1 BYT = 0.80 USD
Token Count 200,000,000
Pre-Sale Start Date 2018-May-08
Pre-Sale End Date 2018-June-26
Crowd Sale Start Date 2018-June-27
Crowd Sale End Date 2018-October-27

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