Blockchain, fintech, and islamic finance : building the future in the new islamic digital economy / Hazik Mohamed, Hassnian Ali.

Format:

Book

Author/Creator:

Mohamed, Hazik, author.

Ali, Hassnian, author.

Language:

English

Subjects (All):

Blockchains (Databases).

Electronic funds transfers.

Physical Description:

1 online resource (278 pages)

Edition:

Second edition.

Place of Publication:

Berlin ; Boston : Walter de Gruyter GmbH, [2022]

Summary:

Following the success of the first edition that brought attention to the digital revolution in Islamic financial services, comes this revised and updated second edition of Blockchain, Fintech and Islamic Finance. The authors reiterate the potential of digital disruption 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. Digital transformation will also offer the ability to create new ways to better comply to Islamic values in order to rebuild trust and confidence in the current financial system. In this new edition, they explore current concepts of decentralized finance (DeFi), distributed intelligence, stablecoins, and 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 book discusses crucial innovation, structural and institutional developments for financial technologies including two fast-growing trends that merge and complement each other: tokenization, where all illiquid assets in the world, from private equity to real estate and luxury goods, become liquid and can be traded more efficiently, and second, the rise of a new tokenized economy where inevitably new rules and ways to enforce them will develop to fully unleash their capabilities. These complementary and oft-correlated trends will complete the decentralization of finance and will influence the way future financial services will be implemented. This book provides insights into 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. It also covers new technological risks that are the consequence of utilizing frontier technologies such as AI, blockchain and IoT. Industry leaders, Islamic finance professionals, along with students and academics in the fields of Islamic finance and economics will benefit immensely from this book.

Contents:

Frontmatter

Advance Praise for Blockchain, Fintech, and Islamic Finance

Acknowledgments

Foreword to the First Edition

Preface

Contents

Chapter 1 Introduction

Chapter 2 Fintech – Definition, History, and Global Landscape

Chapter 3 Importance of Fintech and its Applications

Chapter 4 Emergence of Islamic Fintech and its Developments

Chapter 5 Blockchain and the Digital Economy

Chapter 6 Expanded Use Cases of Blockchain

Chapter 7 Data Risk Management For Advanced Islamic Financial Institutions

Chapter 8 Evolution of Blockchain

Chapter 9 Response of Islamic Financial Institutions

Chapter 10 Cash Waqf (Endowments) Management Through the Blockchain

Chapter 11 A Unified Islamic Digital Currency – The Digital Dinar

Index

Notes:

Description based on print version record.

Includes index.

ISBN:

3-11-074501-1