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Shariah compliance via blockchain and smart contract - the case for Islamic credit card

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dc.contributor.authorNoor Suhaida Kasri
dc.date.accessioned2021-12-28T14:14:27Z
dc.date.available2021-12-28T14:14:27Z
dc.date.issued2017
dc.description.abstractShariah compliance is the raison d'etre for the existence of the Islamic banking and finance industry. Shariah compliance is achieved by meeting not only the prerequisites of the pillars and conditions of the Shariah contract used, but ensuring that the underlying asset as well as the underlying purpose of entering into such a contract is in compliance with the Shariah. Compliance with Shariah ensures that the rights of the contractual parties are protected and contractual obligations are met out in a responsible and lawful manner. The advent of financial technology (fintech) introduces important innovative infrastructure into the realm of Islamic finance. The recent Ernst & Young report on Banking in Emerging Markets (2017) acknowledged the importance and need for the Islamic banking and finance industry to adapt and embrace the Fintech revolution. The report noted that the impact of Fintech could potentially draw an additional 150 million customers to the Islamic banking sector by 2021.en_US
dc.identifier.citationKasri, Noor Suhaida. (2017). Shariah compliance via blockchain and smart contract - the case for Islamic credit card. Wahed Invest, (July 2017). Retrieved from https://journal.wahedinvest.com/shariah-compliance-via-blockchain-and-smart-contract-the-case-for-islamic-credit-card/en_US
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3507
dc.languageEnglish
dc.language.isoengen_US
dc.publisherWahed Investen_US
dc.rights2017. Wahed Invest
dc.sourceSEDONA
dc.subjectBlockchainen_US
dc.subjectSmart contracten_US
dc.subjectIslamic credit carden_US
dc.subjectShariah complianceen_US
dc.titleShariah compliance via blockchain and smart contract - the case for Islamic credit carden_US
dc.typeIndustry Articleen_US
dlc.maintopicIslamic financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic financeen_US
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