Blockchain and cryptocurrency ecosystem: balancing innovation and Islamic ethics for sustainable finance

Akbar, Mohamed Aslam and Muhamad Ramlan, Anaztasia Natasha and Allah Pitchay, Anwar and Annuar, Hairul Azlan (2025) Blockchain and cryptocurrency ecosystem: balancing innovation and Islamic ethics for sustainable finance. In: Islamic finance and sustainability: a research companion. Taylor and Francis, London, pp. 209-227. ISBN 978-104031684-9

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Abstract

This chapter explores the fusion of blockchain technologies and cryptocurrencies within Islamic finance. It examines the ethical dimensions, practical applications, and challenges of integrating these technologies in line with Shari’ah principles. The study aims to enhance financial inclusion, transparency, and eco-friendly operations while proposing regulatory frameworks for sustainable green finance. The study adopts a qualitative research strategy, leaning on a thorough review of existing literature, case studies on Islamic financial institutions, and the examination of Shari’ah-compliant cryptocurrency models. The findings bear considerable implications for policymakers, regulators, and Islamic financial bodies. Financial institutions are encouraged to embrace blockchain technology to heighten the transparency and efficiency of financial transactions and to invest in research and development to uncover innovative uses of these technologies in Islamic finance.

Item Type:	Book Chapter
Subjects:	B Philosophy. Psychology. Religion > BJ Ethics > BJ1188 Religious ethics BPH Islamic Economics > BPH72 Economic development. Growth. Sustainable development. Sustainability
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Dr Mohamed Aslam Akbar
Date Deposited:	16 Jun 2025 09:25
Last Modified:	16 Jun 2025 09:25
URI:	http://irep.iium.edu.my/id/eprint/119606

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