Smart contract and blockchain: disruptive or constructive to Islamic financial services in Malaysia

Reaching towards 2020, there is an apparent increased in the reliance of smart contract and blockchain in banking and finance sector. While the tendencies of investors towards the smart contract and blockchain are positive in nature, the trends in the banking and finance sector are varied according...

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Main Authors:	Mohd. Zain, Nor Razinah, Aulia, Mahdiah
Format:	Conference or Workshop Item
Language:	English English
Published:	2019
Subjects:	H Social Sciences (General) HF Commerce HG3368 Islamic Banking and Finance K Law (General) T Technology (General)
Online Access:	http://irep.iium.edu.my/78451/ http://irep.iium.edu.my/78451/30/78451%20Smart%20Contract%20and%20Blockchain.pdf http://irep.iium.edu.my/78451/5/Econs%20Conference%20-%20SC%20BC%20IFSI.pdf

id	iium-78451
recordtype	eprints
spelling	iium-784512020-03-10T02:31:48Z http://irep.iium.edu.my/78451/ Smart contract and blockchain: disruptive or constructive to Islamic financial services in Malaysia Mohd. Zain, Nor Razinah Aulia, Mahdiah H Social Sciences (General) HF Commerce HG3368 Islamic Banking and Finance K Law (General) T Technology (General) Reaching towards 2020, there is an apparent increased in the reliance of smart contract and blockchain in banking and finance sector. While the tendencies of investors towards the smart contract and blockchain are positive in nature, the trends in the banking and finance sector are varied according to jurisdictions. Leading towards having a more innovative banking and finance system, the Islamic financial services institutions in Malaysia are making a serious consideration towards smart contracts and blockchain. By adopting a qualitative research methodology and the collected data from the field, this research views the latest trend in Islamic financial services institutions towards smart contract and blockchain. This research stands to achieve two main objectives. Firstly, to evaluate the general trend of Islamic financial institutions towards smart contract and blockchain in Malaysia. Secondly, to examine the current challenges that the Islamic financial services industry needs to overcome in adopting a workable smart contract and blockchain system. Based on the findings, despite of challenges, Islamic financial services institutions in Malaysia may adopt smart contract and blockchain. Instead of taking such technologies as disruptive, smart contract and blockchain are constructive to boost the Islamic financial services industry in Malaysia. 2019 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/78451/30/78451%20Smart%20Contract%20and%20Blockchain.pdf application/pdf en http://irep.iium.edu.my/78451/5/Econs%20Conference%20-%20SC%20BC%20IFSI.pdf Mohd. Zain, Nor Razinah and Aulia, Mahdiah (2019) Smart contract and blockchain: disruptive or constructive to Islamic financial services in Malaysia. In: International Conference on Financial Markets 2019 (ICFM 2019), 11th - 12th July 2019, Gombak, Kuala Lumpur. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	H Social Sciences (General) HF Commerce HG3368 Islamic Banking and Finance K Law (General) T Technology (General)
spellingShingle	H Social Sciences (General) HF Commerce HG3368 Islamic Banking and Finance K Law (General) T Technology (General) Mohd. Zain, Nor Razinah Aulia, Mahdiah Smart contract and blockchain: disruptive or constructive to Islamic financial services in Malaysia
description	Reaching towards 2020, there is an apparent increased in the reliance of smart contract and blockchain in banking and finance sector. While the tendencies of investors towards the smart contract and blockchain are positive in nature, the trends in the banking and finance sector are varied according to jurisdictions. Leading towards having a more innovative banking and finance system, the Islamic financial services institutions in Malaysia are making a serious consideration towards smart contracts and blockchain. By adopting a qualitative research methodology and the collected data from the field, this research views the latest trend in Islamic financial services institutions towards smart contract and blockchain. This research stands to achieve two main objectives. Firstly, to evaluate the general trend of Islamic financial institutions towards smart contract and blockchain in Malaysia. Secondly, to examine the current challenges that the Islamic financial services industry needs to overcome in adopting a workable smart contract and blockchain system. Based on the findings, despite of challenges, Islamic financial services institutions in Malaysia may adopt smart contract and blockchain. Instead of taking such technologies as disruptive, smart contract and blockchain are constructive to boost the Islamic financial services industry in Malaysia.
format	Conference or Workshop Item
author	Mohd. Zain, Nor Razinah Aulia, Mahdiah
author_facet	Mohd. Zain, Nor Razinah Aulia, Mahdiah
author_sort	Mohd. Zain, Nor Razinah
title	Smart contract and blockchain: disruptive or constructive to Islamic financial services in Malaysia
title_short	Smart contract and blockchain: disruptive or constructive to Islamic financial services in Malaysia
title_full	Smart contract and blockchain: disruptive or constructive to Islamic financial services in Malaysia
title_fullStr	Smart contract and blockchain: disruptive or constructive to Islamic financial services in Malaysia
title_full_unstemmed	Smart contract and blockchain: disruptive or constructive to Islamic financial services in Malaysia
title_sort	smart contract and blockchain: disruptive or constructive to islamic financial services in malaysia
publishDate	2019
url	http://irep.iium.edu.my/78451/ http://irep.iium.edu.my/78451/30/78451%20Smart%20Contract%20and%20Blockchain.pdf http://irep.iium.edu.my/78451/5/Econs%20Conference%20-%20SC%20BC%20IFSI.pdf
first_indexed	2023-09-18T21:50:32Z
last_indexed	2023-09-18T21:50:32Z
_version_	1777413738814504960

Smart contract and blockchain: disruptive or constructive to Islamic financial services in Malaysia

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