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, and takaful solution. This book establishes a Halal alternative model of cryptocurrency management within the Maqasid al-Shari'ah to meet the contemporary global market demand.
About the Author: Mohd Ma'SumBillah 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 lectures at conferences, summits, conventions, seminars, executive workshops, and forums in the specialized issues of Islamic finance, insurance, capital market, investment, business, social finance, and cryptocurrency.
