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Blockchains for Islamic finance: Obstacles & Challenges

Hussein Elasrag

MPRA Paper from University Library of Munich, Germany

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 .

Keywords: blockchain; Islamic finance; waqf; zakat; Smart Sukuk; Takaful (search for similar items in EconPapers)
JEL-codes: G2 I3 Z12 (search for similar items in EconPapers)
Date: 2019-03-06
New Economics Papers: this item is included in nep-fmk, nep-isf and nep-pay
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