Case Study of Bitcoin and Its Halal Dimension

Habib, Farrukh; Adekunle, Salami Saheed

doi:10.1007/978-3-030-10749-9_15

Cited by 6 publications

(2 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In both economic theory and the perspective of Shyakh Taqi Usmani, a currency must fulfil key functions, including serving as a medium of exchange, a unit of account, and a store of value (Habib and Adekunle, 2019;Izhar and Gundogdu, 2019). Furthermore, the Islamic viewpoints of scholars such as Imam al-Ghazali and Ibn Taymiyyah emphasise that money should not be sought for its intrinsic value but rather as a medium of exchange (Zulkhibri, 2019).…”

Section: Shariah View On the Features Digital Tokens As Digital Currencymentioning

confidence: 99%

Crypto Assets: The Need for Shariah Screening Criteria for Digital Assets in Malaysia

Arief Jailani,

Muneeza

2023

Int. J. Is. Ec. Fi. Res.

View full text Add to dashboard Cite

In recent years, the rise of crypto assets, particularly with the prominence of Bitcoin, has garnered substantial attention from investors, governmental bodies, and analysts. Digital tokens, a subset of crypto assets, have gained considerable traction as fundraising instruments through Initial Coin Offerings (ICOs), presenting a novel means of capital acquisition exempt from government or international regulation. Despite their popularity, there exists a lack of comprehensive understanding and regulatory frameworks for digital tokens, especially from a Shariah perspective. This study undertakes an exploratory approach to address the necessity of establishing Shariah screening criteria for digital assets, focusing on the Malaysian context. The study crafts a framework to guide Muslim investors in engaging with halal digital tokens by employing qualitative research methods, including unstructured interviews with experts and textual analysis of primary and secondary sources. The qualitative methodology ensures an in-depth exploration of this multifaceted subject, bridging the domains of finance and technology. The study's findings offer insights into the demand for a Shariah-compliant approach to digital tokens, with a particular emphasis on creating a framework for Initial Exchange Offerings (IEOs). This research is anticipated to contribute to the understanding of Shariah compliance for crypto assets in Malaysia, offering a valuable guide for Muslims seeking to navigate the digital asset landscape in alignment with their religious principles.

show abstract

Section: Shariah View On the Features Digital Tokens As Digital Currencymentioning

confidence: 99%

Crypto Assets: The Need for Shariah Screening Criteria for Digital Assets in Malaysia

Arief Jailani,

Muneeza

2023

Int. J. Is. Ec. Fi. Res.

View full text Add to dashboard Cite

show abstract

“…The emergence of Bitcoin as a leading cryptocurrency has attracted research from across the world and there is an ongoing debate about the legality and permissibility of cryptocurrency in Islamic finance. (Adam, 2019;Alam et al, 2019;Habib & Adekunle, 2019;Lateh & Rejab, 2021).…”

Section: Introductionmentioning

confidence: 99%

Relationship Between Bitcoin and Islamic Stock Indices During the COVID-19 Pandemic and the Russia-Ukraine Crisis

Jusoh

Alaoui

Dchieche

et al. 2023

Asian Economics Letters

View full text Add to dashboard Cite

We analyze the relationship between Bitcoin and major regional Islamic stock indices during two major events: COVID-19 and the Russia-Ukraine war. The multi-horizon analysis provide evidence of low correlation between Bitcoin’s inter-temporal returns and Islamic indices returns during periods before extreme events. However, there is limited potential for diversification in the long run as their correlations increase significantly. During shocks, Bitcoin cannot be a safe haven for Islamic markets.

show abstract

Technology and Digital Transaction in Halal Retailing

Nazir

2024

Emerging Technology and Crisis Management in the Halal Industry

View full text Add to dashboard Cite

Case Study of Bitcoin and Its Halal Dimension

Cited by 6 publications

References 0 publications

Crypto Assets: The Need for Shariah Screening Criteria for Digital Assets in Malaysia

Crypto Assets: The Need for Shariah Screening Criteria for Digital Assets in Malaysia

Relationship Between Bitcoin and Islamic Stock Indices During the COVID-19 Pandemic and the Russia-Ukraine Crisis

Technology and Digital Transaction in Halal Retailing

Contact Info

Product

Resources

About