Review of sukuk on blockchain

As an offshoot of the fourth industrial revolution (Industry 4.0), the use of technology to produce and/or deliver financial products (fintech) is pervasively disruptive of traditional institutions and operations as manifested in innovative entities, products and services powered by such technologie...

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Main Authors:	Adam Sa'ad, Auwal, Sherin, Kunhivaba, Aishath, Muneeza, Ershadul, Karim, Zakariya, Mustapha
Format:	Conference or Workshop Item
Language:	English
Published:	2019
Subjects:	HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/76594/ http://irep.iium.edu.my/76594/1/76594%20-%20Review%20of%20Sukuk%20on%20Blockchain%20PRESENTATION%20Slides.pdf

id	iium-76594
recordtype	eprints
spelling	iium-765942019-12-05T09:03:43Z http://irep.iium.edu.my/76594/ Review of sukuk on blockchain Adam Sa'ad, Auwal Sherin, Kunhivaba Aishath, Muneeza Ershadul, Karim Zakariya, Mustapha HG3368 Islamic Banking and Finance As an offshoot of the fourth industrial revolution (Industry 4.0), the use of technology to produce and/or deliver financial products (fintech) is pervasively disruptive of traditional institutions and operations as manifested in innovative entities, products and services powered by such technologies as artificial intelligence (AI) and smart contracts on blockchain etc. The blockchain technology and smart contracts are financial technologies of significant impact in this regard. A blockchain is a decentralised, distributed and digital ledger that is used to record transactions across many computers so that any involved record cannot be altered retroactively, without change to all subsequent blocks. A smart contract encodes business rules agreed by the parties directly into the underlying transaction itself and the blockchain itself enforces the contract rules. The use of blockchain technology and smart contracts, while revolutionising the financial services industry also presents opportunities for production and delivery of an important ICM product i.e. sukuk (Islamic bond). Derived from the singular Arabic word ‘sakk’, sukuk is literally a certificate that confirms a transaction stipulating the rights and conditions of contracting parties. It is also defined as certificates of equal value evidencing undivided ownership or investment in an assets using Shariah principles and concepts endorsed by the Shariah advisors. 2019-11-26 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/76594/1/76594%20-%20Review%20of%20Sukuk%20on%20Blockchain%20PRESENTATION%20Slides.pdf Adam Sa'ad, Auwal and Sherin, Kunhivaba and Aishath, Muneeza and Ershadul, Karim and Zakariya, Mustapha (2019) Review of sukuk on blockchain. In: INCEIF-ISRA Inaugural Annual Conference on Islamic Economics and Finance (I-ARIEF) 2019, 25th - 26th November, Kuala Lumpur. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG3368 Islamic Banking and Finance
spellingShingle	HG3368 Islamic Banking and Finance Adam Sa'ad, Auwal Sherin, Kunhivaba Aishath, Muneeza Ershadul, Karim Zakariya, Mustapha Review of sukuk on blockchain
description	As an offshoot of the fourth industrial revolution (Industry 4.0), the use of technology to produce and/or deliver financial products (fintech) is pervasively disruptive of traditional institutions and operations as manifested in innovative entities, products and services powered by such technologies as artificial intelligence (AI) and smart contracts on blockchain etc. The blockchain technology and smart contracts are financial technologies of significant impact in this regard. A blockchain is a decentralised, distributed and digital ledger that is used to record transactions across many computers so that any involved record cannot be altered retroactively, without change to all subsequent blocks. A smart contract encodes business rules agreed by the parties directly into the underlying transaction itself and the blockchain itself enforces the contract rules. The use of blockchain technology and smart contracts, while revolutionising the financial services industry also presents opportunities for production and delivery of an important ICM product i.e. sukuk (Islamic bond). Derived from the singular Arabic word ‘sakk’, sukuk is literally a certificate that confirms a transaction stipulating the rights and conditions of contracting parties. It is also defined as certificates of equal value evidencing undivided ownership or investment in an assets using Shariah principles and concepts endorsed by the Shariah advisors.
format	Conference or Workshop Item
author	Adam Sa'ad, Auwal Sherin, Kunhivaba Aishath, Muneeza Ershadul, Karim Zakariya, Mustapha
author_facet	Adam Sa'ad, Auwal Sherin, Kunhivaba Aishath, Muneeza Ershadul, Karim Zakariya, Mustapha
author_sort	Adam Sa'ad, Auwal
title	Review of sukuk on blockchain
title_short	Review of sukuk on blockchain
title_full	Review of sukuk on blockchain
title_fullStr	Review of sukuk on blockchain
title_full_unstemmed	Review of sukuk on blockchain
title_sort	review of sukuk on blockchain
publishDate	2019
url	http://irep.iium.edu.my/76594/ http://irep.iium.edu.my/76594/1/76594%20-%20Review%20of%20Sukuk%20on%20Blockchain%20PRESENTATION%20Slides.pdf
first_indexed	2023-09-18T21:48:11Z
last_indexed	2023-09-18T21:48:11Z
_version_	1777413590800662528

Review of sukuk on blockchain

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