Waqf Fund Management and the Blockchain Horizon

Hiba Ali Al-Saudi ()
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Hiba Ali Al-Saudi: Hamad Bin Khalifa University

A chapter in Eurasian Business and Economics Perspectives, 2023, pp 271-284 from Springer

Abstract: Abstract. Blockchain technology has the potential to disrupt the management of waqf. Characterized by features that provide immutability and irrevocability of records, transparency of transactional flows, automated dispute resolution, and a rich investable universe, waqf management can benefit greatly from blockchain. This paper uses a case study approach to explore the potential of employing blockchain-based sukuk to bridge the funding gap needed for the development of waqf assets and strengthen the role of cash waqf in achieving socioeconomic development. To fulfill the potential of blockchain-based sukuk in the management of waqf and secure scale and expanded adoption, serious efforts are required to establish enabling legal, regulatory, shariah, and governance frameworks. The development of architectural infrastructure that supports these instruments is another area under development.

Keywords: Islamic finance; Blockchain waqf; Social finance; Blossom (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-031-30061-5_17

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DOI: 10.1007/978-3-031-30061-5_17

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