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Islamic Social Financing Through Cryptocurrency

  • Houssem eddine Bedoui
  • Aroua Robbana
Chapter

Abstract

This chapter pursues the efforts of emphasizing the importance of national and supranational issuance of social cryptocurrencies for social projects for the benefit of the country. After setting up the definitions required for the study, the chapter connects the United Nations (UN) 2030 Sustainable Development Goals (SDGs) with the social finance objective needed at a national level. The chapter gives with the figures the potentiality of establishing a digital finance strategy in achieving the social objectives and in particular the SDGs. Besides, it concludes by giving the focal two specific potential constraints in issuing the cryptocurrency. The first is the regulator perspective where here the regulator will be regulating and issuing a new national “cryptocurrency” along with its own “physical” currency. The second point of view that concluded the chapter is the Shari’ah perspective where different conditions were identified to make sure of the compliance of the new issuance.

Keywords

Islamic Social finance Cryptocurrency Humanitarian 

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Houssem eddine Bedoui
    • 1
  • Aroua Robbana
    • 2
  1. 1.Islamic Development Bank (IsDB)JeddahSaudi Arabia
  2. 2.International Islamic University Malaysia (IIUM)GombakMalaysia

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