Blockchain, Fintech, and Islamic Finance

Blockchain, Fintech, and Islamic Finance PDF Author: Hazik Mohamed
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110745011
Category : Business & Economics
Languages : en
Pages : 278

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Book Description
Following the success of the first edition that brought attention to the digital revolution in Islamic financial services, comes this revised and updated second edition of Blockchain, Fintech and Islamic Finance. The authors reiterate the potential of digital disruption to shrink the role and relevance of today’s banks, while simultaneously creating better, faster, cheaper services that will be an essential part of everyday life. Digital transformation will also offer the ability to create new ways to better comply to Islamic values in order to rebuild trust and confidence in the current financial system. In this new edition, they explore current concepts of decentralized finance (DeFi), distributed intelligence, stablecoins, and the integration of AI, blockchain, data analytics and IoT devices for a holistic solution to ensure technology adoption in a prudent and sustainable manner. The book discusses crucial innovation, structural and institutional developments for financial technologies including two fast-growing trends that merge and complement each other: tokenization, where all illiquid assets in the world, from private equity to real estate and luxury goods, become liquid and can be traded more efficiently, and second, the rise of a new tokenized economy where inevitably new rules and ways to enforce them will develop to fully unleash their capabilities. These complementary and oft-correlated trends will complete the decentralization of finance and will influence the way future financial services will be implemented. This book provides insights into the shift in processes, as well as the challenges that need to be overcome for practical applications for AI and blockchain and how to approach such innovations. It also covers new technological risks that are the consequence of utilizing frontier technologies such as AI, blockchain and IoT. Industry leaders, Islamic finance professionals, along with students and academics in the fields of Islamic finance and economics will benefit immensely from this book.

Blockchain, Fintech, and Islamic Finance

Blockchain, Fintech, and Islamic Finance PDF Author: Hazik Mohamed
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110745011
Category : Business & Economics
Languages : en
Pages : 278

Get Book Here

Book Description
Following the success of the first edition that brought attention to the digital revolution in Islamic financial services, comes this revised and updated second edition of Blockchain, Fintech and Islamic Finance. The authors reiterate the potential of digital disruption to shrink the role and relevance of today’s banks, while simultaneously creating better, faster, cheaper services that will be an essential part of everyday life. Digital transformation will also offer the ability to create new ways to better comply to Islamic values in order to rebuild trust and confidence in the current financial system. In this new edition, they explore current concepts of decentralized finance (DeFi), distributed intelligence, stablecoins, and the integration of AI, blockchain, data analytics and IoT devices for a holistic solution to ensure technology adoption in a prudent and sustainable manner. The book discusses crucial innovation, structural and institutional developments for financial technologies including two fast-growing trends that merge and complement each other: tokenization, where all illiquid assets in the world, from private equity to real estate and luxury goods, become liquid and can be traded more efficiently, and second, the rise of a new tokenized economy where inevitably new rules and ways to enforce them will develop to fully unleash their capabilities. These complementary and oft-correlated trends will complete the decentralization of finance and will influence the way future financial services will be implemented. This book provides insights into the shift in processes, as well as the challenges that need to be overcome for practical applications for AI and blockchain and how to approach such innovations. It also covers new technological risks that are the consequence of utilizing frontier technologies such as AI, blockchain and IoT. Industry leaders, Islamic finance professionals, along with students and academics in the fields of Islamic finance and economics will benefit immensely from this book.

Applying blockchain on Islamic Financing for SMEs

Applying blockchain on Islamic Financing for SMEs PDF Author: Hussein Elasrag
Publisher: Hussein Elasrag
ISBN: 5471958608
Category : Business & Economics
Languages : en
Pages : 167

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Book Description
The purpose of this book is to investigate the opportunities of development and growth as well as the main challenges for Islamic Financing for SMEs. The book focuses on analyzing the innovative technology Blockchain and the potential of blockchain-based applications to Islamic Financing for SMEs. The main objectives were to define how blockchain can change the Islamic Finance industry. The book discussed the various interesting applications of blockchain in Islamic finance that can bring different benefits. The book also shed light on the challenges facing Applying Blockchains for Islamic finance. This book will help to deepen understanding of the concepts of blockchain as well as SMEs. In addition to evaluate how blockchain can support Islamic Financing for SMEs .

Halal Cryptocurrency Management

Halal Cryptocurrency Management PDF Author: Mohd Ma'Sum Billah
Publisher: Springer
ISBN: 3030107493
Category : Business & Economics
Languages : en
Pages : 324

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Book Description
The growth of Islamic finance today is significant, making it timely to meet the market demand across the world and particularly for Muslim countries by producing a cryptocurrency model under the Shari’ah ethical principles. This book addresses core components of cryptocurrency within the Maqasid al-Shari’ah in enabling students, academics, users, traders, issuers, promoters, facilitators, managers, regulators, decision makers, blockchain technology providers, financial authorities, and other relevant professionals to understand Shari’ah cryptocurrency and its practical mechanisms. Among the issues covered are corporate understanding, global phenomena and world view, the Shari’ah model, SWOT analysis, innovation, conventional practices and the Halaldichotomy, regulatory standards, blockchain and its technological paradigm, practicality, establishment, and operational mechanisms, Zakat and Waqf through cryptocurrency, risk factors, and takaful solution. This book establishes a Halal alternative model of cryptocurrency management within the Maqasid al-Shari’ah to meet the contemporary global market demand.

Blockchain and Islamic Finance

Blockchain and Islamic Finance PDF Author: Hussein Elasrag
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
The list of challenges facing Applying Blockchains for Islamic finance is long. There are technical, business/market, legal/regulatory, and behavioral/educational challenges to the blockchain's evolution. Some of the most important challenges include scalability (technical), innovation (business), trusting a network (behavioral), and modern regulation (legal). Along with that topic is the issue of storing blockchain data for transactional, historical, analytical, and compliance reporting requirements. The book sheds light on the main opportunities and challenges facing application of Blockchain Technology in the Islamic financial industry and highlight the way forward to address these issues.

Research Anthology on Blockchain Technology in Business, Healthcare, Education, and Government

Research Anthology on Blockchain Technology in Business, Healthcare, Education, and Government PDF Author: Management Association, Information Resources
Publisher: IGI Global
ISBN: 1799853527
Category : Computers
Languages : en
Pages : 1924

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Book Description
Even though blockchain technology was originally created as a ledger system for bitcoin to operate on, using it for areas other than cryptocurrency has become increasingly popular as of late. The transparency and security provided by blockchain technology is challenging innovation in a variety of businesses and is being applied in fields that include accounting and finance, supply chain management, and education. With the ability to perform such tasks as tracking fraud and securing the distribution of medical records, this technology is key to the advancement of many industries. The Research Anthology on Blockchain Technology in Business, Healthcare, Education, and Government is a vital reference source that examines the latest scholarly material on trends, techniques, and uses of blockchain technology applications in a variety of industries, and how this technology can further transparency and security. Highlighting a range of topics such as cryptography, smart contracts, and decentralized blockchain, this multi-volume book is ideally designed for academics, researchers, industry leaders, managers, healthcare professionals, IT consultants, engineers, programmers, practitioners, government officials, policymakers, and students.

Fintech and Islamic Finance

Fintech and Islamic Finance PDF Author: Nafis Alam
Publisher: Springer Nature
ISBN: 3030246663
Category : Business & Economics
Languages : en
Pages : 187

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Book Description
Financial Technology (Fintech) has revolutionized the financial world as one of the fastest-growing segments in both the technology and financial sectors. With the usage of underlying principles of Blockchain technology, Fintech is bringing the financial community together and making financial services accessible to everyone. Fintech has far-reaching implications for Islamic finance such as banking, investment, insurance (takaful) and wealth management, which are benefitting from this usage. This book provides a comprehensive review of how Fintech is shaping the Islamic finance industry through three key aspects: Digitalization, Development and Disruption. The book will provide insight on the Shariahtech (Fintech in line with Shariah principle) and its application in the Islamic finance industry. The book also gives an overview of Blockchain and Fintech evolution and how they act as the building blocks of the digital financial landscape. Readers of the book will also get a detailed discernment on the Islamic viewpoint on cryptocurrency as well as the application of the smart contract in different Islamic financial services. The book provides students, academics and researchers with a detailed description of the Blockchain and Fintech application in Islamic finance.

Applying Blockchain in Islamic Finance

Applying Blockchain in Islamic Finance PDF Author: Hussein Elasrag
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
This book contributes to the emerging literature on financial technology by discussing some of the innovative applications of blockchain in Islamic financial institutions. In addition, the book sheds light on the main opportunities and challenges facing application of Blockchain Technology in the Islamic financial industry and highlight the way forward to address these issues. Relying on the previous literature and analysis; this book confirms the enormous opportunities for utilizing blockchain technology in various Islamic financial applications such as Waqf, Zakat and Sukuk. On the other hand, the main challenges towards implementing blockchain in this industry are the complexity of Islamic finance products added to the opacity of its application which end up with unclear regulations and lack of standards.

Fintech As a Disruptive Technology for Financial Institutions

Fintech As a Disruptive Technology for Financial Institutions PDF Author: Abdul Rafay
Publisher: Business Science Reference
ISBN: 9781522586333
Category :
Languages : en
Pages : 328

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Book Description
"This book provides understanding and lessons learned in regard to all aspects of financial technology utilization and management in individual, organizational, and societal experiences. It examines the emergence of financial technology during the last decade. Including discussion on topics such as regulatory environments, technology infrastructures, public sector initiatives, and financial technology for the social sector"--

Applying Blockchain for Islamic Finance

Applying Blockchain for Islamic Finance PDF Author: Hussein Elasrag
Publisher:
ISBN:
Category :
Languages : en
Pages : 139

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Book Description
This book aims to provide an introduction to applying Blockchain for Islamic finance and outline some potential areas for consideration for the all sectors of the Islamic finance. The book Explains what Blockchain technology and discuss existing Islamic finance usage of Blockchain.

Fintech in Islamic Finance

Fintech in Islamic Finance PDF Author: Umar A. Oseni
Publisher: Routledge
ISBN: 1351025562
Category : Business & Economics
Languages : en
Pages : 292

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Book Description
Featuring high-level analysis of Islamic law, this book examines fintech in Islamic finance from both theoretical and empirical perspectives. Whilst building on existing approaches, it also discusses the current application of fintech in promoting financial inclusion through innovative solutions in Muslim-majority countries, identifying future directions for policy-makers. With original chapters written by prominent academics, senior lawyers and practitioners in the global Islamic finance industry, this book serves as the first standalone pioneering reference work on fintech in Islamic finance. It also, for the first time, examines the position of Islamic law on cryptocurrencies, such as bitcoin. Besides the conceptual analysis of the Sharīʿah and legal aspects of fintech in Islamic finance, this book provides relevant case studies showing current and potential developments in the application of fintech in various sectors ranging from crowdfunding and smart contracts, to Online Dispute Resolution, Investment Account Platform and identity verification in the KYC process. Setting the agenda for researchers in the field, Fintech in Islamic Finance will be useful to students and scholars of Islamic finance and financial technology.