Blockchain Papers

Usman W. Chohan

No abstract is available for this record.

Mohd Ma’Sum Billah

No abstract is available for this record.

Auwal Adam Sa’ad, Khaliq Ahmad, Abdulmajid Obaid Hasan Saleh

Peer-to-peer financial services are increasingly becoming significant game changers in the financial sector across the globe. Initially, few structures were developed to help cater to the attention of the Islamic financial industry players involved in peer-to-peer dealings. The new trend of the technological evolution in the banking and financial sector has proved to be the next challenge in this sector. However, the survival of Islamic fintech will heavily rely on the existing established trust within the sector. The potential collaborations between the established Islamic banks, fintech players and start-ups will certainly unleash the potentials of today’s technologies in the Islamic finance industry. Being in their early stages, Malaysia and its counterparts from the GCC states have the potentials to becoming leaders in the Islamic fintech industry and may work together to develop a necessary framework for Islamic fintech advancement. Peer-to-peer arrangement connects crowdfunding investors with entrepreneurs through more transparency, speed dealings and almost free from complications in the documentation. In view of the fact that mushārakah is becoming more practical under the concept of Islamic peer-to-peer deals, this paper attempts to develop a new peer-to-peer financing which is underlain by the Mushārakah Smart Contract Model. The paper proposes a mushārakah model using Mushārakah Smart Contract in which the investors would be crediting their investments for mushārakah purposes with virtual lenders for specific Sharīʽah compliant businesses and share in the profit, based on an agreed dividend under the mushārakah principles. It also highlights the potential structures, cyber risks, and devices to mitigate them by using mushārakah standards and measures within the Sharīʽah principles.

Mohamed Cherif El Amri, Mustafa Omar Mohammed

No abstract is available for this record.

Mohd Ma’Sum Billah

No abstract is available for this record.

Nafis Alam, Abdolhossein Zameni

No abstract is available for this record.

Amira El Sayed El Gendy

No abstract is available for this record.

Mohd Ma’Sum Billah

No abstract is available for this record.

Mohammad Motlaq Assaf

أهداف البحث: يهدف البحث إلى التوصل لحكم العملات المشفرة في ضوء المقاصد الشرعية، وهناك أسئلة كثيرة حول العملات المشفرة، وحكم الاشتراك في مجمعات تعدينها، وحكم تداولها في عقود البيع والشراء والصرف؛ فجاء البحث ليجيب عنها في ضوء مقاصد الشريعة الإسلامية. منهج الدراسة: تم استخدام المنهج الوصفي مع الاستعانة بالمنهجين الاستنباطي والتحليلي، كما تم دراسة المسألة وفق الأسس العلمية لبحث فقه النوازل المعاصرة، واستشارة عدد من الخبراء؛ لفهم المسألة فهمًا صحيحًا مطابقًا للواقع. النتائج: تم التوصل إلى أن العملات المشفرة لا تتوافر فيها شروط النقد الشرعي؛ حيث تفتقد القبول العام والرواج بين الناس، ولا تصلح أن تكون مقياسًا للسلع والخدمات بشكل عام، فلا تعتبر مستودعًا للقيمة، ولا معيارًا للمدفوعات الآجلة، ولا يوجد دولة أو سلطة تتبناها وتقدر على ضمانها. أصالة البحث: إن حجم المشاكل الاقتصادية والنقدية التي يمكن أن تنشأ كنتيجة لتداول العملات المشفرة، يوجب أن تكون تلك العملات محل بحث فقهي؛ فجاء هذا البحث ليتناول حكم تلك العملات في ضوء المقاصد المتعلقة بالتصرفات المالية، مع التوصية بعرض المسألة على المجامع الفقهية؛ للتوصل إلى كل ما يتعلق بها من أحكام شرعية.

Chris Berg, Sinclair Davidson, Jason Potts

No abstract is available for this record.

Nafis Alam, Lokesh Gupta, Abdolhossein Zameni

No abstract is available for this record.

Crystal A. Evans, Abigail B. Schneider

In recent years, cryptocurrencies, digital assets used as mediums of exchange that use cryptography to secure the creation and exchange of the currency, have gained in popularity. One cryptocurrency in particular, Bitcoin, has received a considerable amount of attention in the media. As the general public’s awareness of Bitcoin increases, one must consider the impact that aligning a nonprofit with such a currency could have. The present research uses three studies to examine the impact that advertising the nonprofits’ alignment with Bitcoin has on perceived effectiveness as well as potential donors’ attitudes toward investing nonprofits’ assets in the currency. Results suggest that while accepting Bitcoin may enhance potential donors' perceptions of the organization, going so far as to actually invest in the cryptocurrency may be considered a poor choice. Implications for how nonprofit managers may want to handle involvement with this novel and potentially lucrative but risky currency are discussed.

Mohd Ma’Sum Billah

No abstract is available for this record.

Shajahan K. Kakkattil

No abstract is available for this record.

Hylmun Izhar, Ahmet Şuayb Gündoğdu

No abstract is available for this record.

Farhana Binti Md Hilal, N. Jamaludin

No abstract is available for this record.

Irfan Syauqi Beik, Muhammad Hasbi Zaenal, Priyesta Rizkiningsih

No abstract is available for this record.

Irfan Syauqi Beik, Mohammad Soleh Nurzaman, Aisha Putrina Sari

No abstract is available for this record.

Farrukh Habib, Salami Saheed Adekunle

No abstract is available for this record.

Muhamed Zulkhibri

No abstract is available for this record.

Faraz Adam

No abstract is available for this record.

Houssem Eddine Bedoui, Aroua Robbana

No abstract is available for this record.

Nafis Alam, Lokesh Gupta, Abdolhossein Zameni

No abstract is available for this record.

Norafni Farlina Rahim, Mohammed Hariri Bakri, Siti Norbaya Yahaya

FinTech, or financial technology, is an emerging technology in financial transaction. It is disruptive technology which is changing the banking behavior for stakeholders. The thriving emergence of FinTech not only affects the conventional finance industry but also Islamic finance industry, as Islamic finance sector is also embracing FinTech as part of financial revolution. Thus, the Islamic FinTech emerges as faith-based FinTech. This is because Islamic FinTech claimed to comply with Shariah principle in their mechanism and smart contract. There is limited discussion on smart contract and Islamic FinTech and its Shariah principles. Hence, the Shariah principle in smart contract of Islamic FinTech need to be addressed. This chapter tries to delve into the smart contract concept in Islamic FinTech and Shariah principles in the mechanism. The review found that smart contract is currently in the early stage and so is Islamic FinTech. The scholars agreed that FinTech is a Maslahah (interest) to mankind's benefit. However, the smart contract is still in discussion and review.