Saleh, Abdulmajid Obaid Hasan and Halawani, Alaa Saleh and Qatawneh, Mohammad Abdelhamid Salem (2023) The Shariah Framework for Smart Contracts, an Original Analytical Study. In: Sustainable Finance, Digitalization and the Role of Technology, ICBT 2021, 6-7 November 2021, Istanbul, Turkey.
Full text not available from this repository.Abstract
A smart contract is a contract that brings together two or more parties that can be programmed electronically and then execute its terms automatically, once certain events or specific conditions are met and it depends on blockchain technology. This paper intends to elucidate this contract at the practical level, and then explains the legal frameworks from Islamic Perspective, by mentioning examples of legal contracts named in Islamic jurisprudence and shows similarities along with an analysis of the jurisprudential problems. The research concluded that there are jurisprudential contracts that are consistent with smart contracts, even in some parts through which the framework of the contract can be constructed from the jurisprudential point of view. The research used the descriptive and analytical method. The researchers concluded that a smart contract can be used in Islamic business framework as long as it meets the requisite legal elements as required under the Shariah principles.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Funders: | UNSPECIFIED |
| Additional Information: | International Conference on Business and Technology (ICBT), Istanbul, TURKEY, NOV 06-07, 2021 |
| Uncontrolled Keywords: | Smart contracts; Blockchain; Islamic jurisprudence; Shariah framework |
| Subjects: | B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc |
| Divisions: | Academy of Islamic Studies |
| Depositing User: | Ms. Juhaida Abd Rahim |
| Date Deposited: | 16 Jul 2025 07:18 |
| Last Modified: | 16 Jul 2025 07:18 |
| URI: | http://eprints.um.edu.my/id/eprint/50977 |
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