Blockchain Applications for Islamic Finance PDF Download

Author: Hussein Elasrag
Publisher: Hussein Elasrag
ISBN: 5471958608
Category : Business & Economics
Languages : en
Pages : 167

View

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 .

Author: Hazik Mohamed
Publisher: de Gruyter
ISBN: 9783110744897
Category : Business & Economics
Languages : en
Pages : 0

View

Book Description
Following the success of the original edition published by DeGruyter in 2018, this book provides a much needed update on the role of Fintech in Islamic Finance. These new updates include new research that explores current concepts of decentralised finance (DeFi), distributed intelligence and a discussion of these concepts for financial applications that would be useful for industry. These revolutionary applications involve 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 authors provide insights into the benefits and 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. The progress of frontier technologies, such as cloud-based mobility, big data analytics, blockchain and IoT have enabled financial services to offer advanced solutions to improve asset productivity to meet rising customer expectations in a cost-efficient manner. Several key areas are making financial disruption work ‒ tokenization of real world assets, maturity of stablecoins and the improved acceptance of regulations and standardization. We are witnessing two fast-growing trends merge and complement each other: the first one is tokenization, where all illiquid assets in the world, from private equity to real estate and luxury goods, become liquid and all liquid assets can be traded more efficiently. The second is the rise of a new tokenized economy where inevitably new rules will develop and new ways to enforce them in order to fully unleash their capabilities. By solving the volatility in cryptocurrencies with the introduction of stablecoins, the economic potential of blockchain can be further unlocked. These complementary and oft correlated trends will complete the decentralization of finance and the way financial services of smart cities of the future will be implemented. This book discusses the crucial innovation, structural and institutional development for financial technologies Fintech in Islamic Finance. It is clear that the digital revolution in financial services is under way, and digital disruption has the potential 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.

Author: Hussein Elasrag
Publisher: Independently Published
ISBN: 9781798912249
Category :
Languages : en
Pages : 231

View

Book Description
This book focuses on analyzing the innovative technology "Blockchain" and the potential of blockchain-based applications for Islamic finance.The main objectives were to define how blockchain can change the Islamic finance industry. The typical challenges in these spheres were considered and the main key features of blockchain that can solve these difficulties were marked. also possible challenges or benefits of blockchain-based applications for Islamic finance was Discussed.Considering the current situation in the Islamic finance industry, the Blockchain technology can empower different businesses to start working with the companies that are creating blockchain-based applications.

Author: Hussein Elasrag
Publisher:
ISBN: 9781798594414
Category : Religion
Languages : en
Pages : 140

View

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 is and is not;- Makes the case for Islamic finance to build knowledge of, and capability in, relation to Blockchain technology;- Make sense of its impacts on Islamic finance, and anticipate futuredevelopments; and- Explore and discuss existing Islamic finance usage of Blockchains.

Author: Irfan, Mohammad
Publisher: IGI Global
ISBN:
Category : Business & Economics
Languages : en
Pages : 352

View

Book Description
In the realm of Islamic finance, a pivotal challenge looms—the escalating complexity of investment decisions, macroeconomic analyses, and credit evaluations. In response, we present a groundbreaking solution that resonates with the rapidly evolving fintech era. Fintech Applications in Islamic Finance: AI, Machine Learning, and Blockchain Techniques offers a compelling repository of knowledge, meticulously curated by renowned editors Mohammad Irfan, Seifedine Kadry, Muhammad Sharif, and Habib Ullah Khan. Fintech Applications in Islamic Finance: AI, Machine Learning, and Blockchain Techniques is a call to action, an exploration of innovation, and a guide for both academia and industry. In an era where AI, ML, and blockchain reshape finance, this book stands as a beacon of knowledge, ushering Islamic finance into a realm of unprecedented efficiency and insight. As we invite readers to embark on this transformative journey, we illuminate the path to a future where technology and tradition converge harmoniously.

Author: Mohammad Irfan
Publisher: Springer Nature
ISBN: 3031473248
Category :
Languages : en
Pages : 304

View

Book Description

Author: Nafis Alam
Publisher: Springer Nature
ISBN: 3030246663
Category : Business & Economics
Languages : en
Pages : 187

View

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.

Author: Hazik Mohamed
Publisher: World Scientific
ISBN: 9811222320
Category : Business & Economics
Languages : en
Pages : 265

View

Book Description
Beyond Fintech: Technology Applications for the Islamic Economy is a follow-up to the first-ever Islamic Fintech book by the author (published in 2018) that provided linkages between Islamic Finance and disruptive technologies like the blockchain. In the wake of fintech as a new trend in financial markets, the ground-breaking book stressed the relevance of Islamic finance and its implications, when enabled by fintech, towards the development of the Islamic digital economy. While the earlier work discussed the crucial innovation, structural, and institutional development for financial technologies in Islamic Finance, this new research explores the multiple applications possible in the various sectors of the economy, within and beyond finance, that can be significantly transformed. These revolutionary applications involve the integration of AI, blockchain, data analytics, and Internet-of-Things (IoT) devices for a holistic solution to tackle the bottlenecks and other issues in existing processes of traditional systems. The principles of accountability, duty, justice, and transparency are the foundation of shaping the framework in achieving good governance in all institutions — public or private, Islamic or otherwise. Technologies like AI, blockchain, and IoT devices can operationalize the transparency and accountability that is required to eradicate poverty, distribute wealth, enhance micro-, small- and large-scale initiatives for social and economic development, and thus share prosperity for a moral system that enables a more secure and sustainable economy.

Author: Hussein Elasrag
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

View

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.

Author: Nafis Alam
Publisher: Springer Nature
ISBN: 3030492486
Category : Business & Economics
Languages : en
Pages : 257

View

Book Description
The banking and financial landscape has been inundated with technology over the last decade, with FinTech, InsurTech and RegTech being just some of the new applications within finance. In the Gulf Cooperation Council (GCC), FinTech is yet to find its feet despite several digital transformation drives initiated by the regional governments in the UAE and Bahrain. In comparison to conventional finance, the use of FinTech within Islamic financial institutions (IFIs) in GCC countries is still in its very early stages. However, the potential disruption that technology may cause for the Islamic finance sector within this region cannot be underestimated. Aiming to highlight, examine and address key strategic, operational and regulatory issues facing IFIs as they make an effort to keep up with the FinTech revolution, this book explores the market positioning, product structure and placement, delivery channels and customer requirements within the GCC market. The authors evaluate the current situation and look forward to future regulation surrounding technology and financial institutions within the GCC. Scholars and students researching Islamic finance and financial technology will find this book an insightful and valuable read, as well as those interested in international finance more generally.