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Blockchains for Islamic finance: Obstacles & Challenges

Author

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  • Elasrag, Hussein

Abstract

This paper 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 paper discussed the various interesting applications of blockchain in Islamic finance that can bring different benefits. The paper also shed light on the challenges facing Applying Blockchains for Islamic finance .

Suggested Citation

  • Elasrag, Hussein, 2019. "Blockchains for Islamic finance: Obstacles & Challenges," MPRA Paper 92676, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:92676
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    File URL: https://mpra.ub.uni-muenchen.de/92676/1/MPRA_paper_92676.pdf
    File Function: original version
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    References listed on IDEAS

    as
    1. Elasrag, hussein, 2011. "Principals of the Islamic finance:A focus on project finance," MPRA Paper 30197, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    blockchain; Islamic finance; waqf; zakat; Smart Sukuk ; Takaful;

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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