The growth of Islamic finance today is significant, making it timely to meet the market demand across the world and particularly for Muslim countries by producing a cryptocurrency model under the Shari’ah ethical principles. This book addresses core components of cryptocurrency within the Maqasid al-Shari’ah in enabling students, academics, users, traders, issuers, promoters, facilitators, managers, regulators, decision makers, blockchain technology providers, financial authorities, and other relevant professionals to understand Shari’ah cryptocurrency and its practical mechanisms. Among the issues covered are corporate understanding, global phenomena and world view, the Shari’ah model, SWOT analysis, innovation, conventional practices and the Halaldichotomy, regulatory standards, blockchain and its technological paradigm, practicality, establishment, and operational mechanisms, Zakat and Waqf through cryptocurrency, risk factors, andtakaful solution. This book establishes a Halal alternative model of cryptocurrency management within the Maqasid al-Shari’ah to meet the contemporary global market demand.
Tabella dei contenuti
Part I. An Overview of Halal Cryptocurrency Management.- 1. Cryptocurrency? Its Halal Alternative Model; Mohd Ma’Sum Billah.- 2. SWOT Analysis of Halal Cryptocurrency Structure; Mohd Ma’Sum Billah.- 3. Innovative Action of Halal Cryptocurrency Management; Mohd Ma’Sum Billah.- 4. Halal Cryptocurrency and Financial Stability; Muhamed Zulkhibri.- Part II. Technicalities of Halal Cryptocurrency Management.- 5. Blockchain Technology in Managing Halal Cryptocurrency; Shajahan. K. Kakkattil.- 6. Blockchain and its Shari’ah Compliant Structure; Aishath Muneeza & Zakariya Mustapha.- 7. Characterizing Cryptocurrencies and Why It Matters; Hylmun Izhar & Ahmet Suayb Gundogdu.- Part III. Principles of Halal Cryptocurrency Management.- 8. The Analysis of Cryptocurrency Based on Maqasid al-Shari’ah; Mohamed Cherif El Amri & Mustafa Omar Mohammed.- 9. Fatawa Analysis of Bitcoin; Faraz Adam.- 10. Shari’ah Code of Ethics in Cryptocurrency; Mohd Ma’Sum Billah & Mohammed Fawzi Aminu Amadu.- 11. Standard Shari’ah Regulatory Frameworks of Cryptocurrency; Mohd Ma’Sum Billah, Asma Hakimah Abd Halim & Aminurasyed Mahpop.- 12. Existing Regulatory Frameworks of Cryptocurrency and the Shari’ah Alternative; Nafis Alam & Abdolhossein Zameni.- 13. Regulatory and Shari’ah Framework of Cyptocurrency; Rusni Hassan, Nadiyah Syahira Nordin & Rizal Mohd Nor.- PART IV. Empiricality of Halal Cryptocurrency Management.- 14. Halal Cryptocurrency: Its Establishment and Operational Mechanisms; Mohd Ma’Sum Billah.- 15. Case Study of Bitcoin and its Halal Dimension; Farrukh Habib & Salami Saheed Adekunle.- Part V. Social Financing through Halal Cryptocurrency Management.- 16. Islamic Social Financing through Cryptocurrency; Houssem eddine Bedoui & Aroua Robbana.- 17. Zakat Standard Framework ofHalal Cryptocurrency; Irfan Syauqi Beik, Mohamad Soleh Nurzaman & Aisha Putrina Sari.- 18. Waqf Led Halal Cryptocurrency Model; Irfan Syauqi Beik, Muhammad Hasbi Zaenal & Priyesta Rizkiningsih.- Part VI. Risk Management in Halal Cryptocurrency.- 19. Shari’ah Paradigm of Risk Management; Mohd Ma’Sum Billah.- 20. Risk Factors in Cryptocurrency and Its Takaful Solution; Mohd Ma’Sum Billah.
Circa l’autore
Mohd Ma’Sum Billah is a Professor of finance and insurance at the Islamic Economics Institute, King Abdul Aziz University, Saudi Arabia. He is a member of various organizations and groups, including the working group of the Shari’ah Compliance functions, the AAIOFI Governance & Ethics Board (AGEB), AAIOFI, Bahrain and the Audit Committee, ACIG, Saudi Arabia alongside being an advisor to ICMIF, London. He is an author of 31 books and chapters in several books in the areas of Islamic and comparative finance, insurance, investment, capital markets, business, asset management, and e-Commerce. He has also published more than 150 articles in Islamic and comparative finance, banking, capital markets, insurance, business, and social finance and completed nine funded research projects successfully on different issues of Islamic and comparative finance and commerce funded by the Malaysian government and the Central bank. He has presented more than 200 papers and lecturesat conferences, summits, conventions, seminars, executive workshops, and forums in the specialized issues of Islamic finance, insurance, capital market, investment, business, social finance, and cryptocurrency.