Shari'ah oriented precious metal backed cryptocurrency: from Shari’ah advisors’ and financial experts’ perceptions

Ajouz, Mousa and Abdullah, Adam and Kassim, Salina (2020) Shari'ah oriented precious metal backed cryptocurrency: from Shari’ah advisors’ and financial experts’ perceptions. The Singapore Economic Review. ISSN 1793-6837 (In Press)

	PDF (in press) - Submitted Version Restricted to Registered users only Download (533kB) | Request a copy
Preview	PDF (SCOPUS in press) - Supplemental Material Download (228kB) | Preview

Abstract

The suitability of assets-backed moneyhas been the subject of considerable debate, although hampered in part by lack of theoretical and empirical evidence. Therefore, the motivation of this research is to investigate the perceptions ofSharīʿah scholars and financial experts on the concepts and salient features of Shari’ah-compliant precious metal backed crypto-currency (SCPMC). To achieve this, this study adopted a qualitative method using semi-structured interview based on saturationtechnique. Overall, the views of informantsfound to be supported of the implementation of SCPMC,although a variety of challenges and reservations were highlighted. They also agreed that the salient features of SCPMCwould impart justice as money exchanges in the real economy.

Item Type:	Article (Journal)
Additional Information:	4600/83084
Uncontrolled Keywords:	Shariʿah-compliant, Precious Metal, Cryptocurrency,Perceptions.
Subjects:	H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Prof. Dr. Salina Kassim
Date Deposited:	28 Sep 2020 12:31
Last Modified:	28 Sep 2020 12:41
URI:	http://irep.iium.edu.my/id/eprint/83084

Actions (login required)

View Item