Islamic Social Financing Through Cryptocurrency
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.
KeywordsIslamic Social finance Cryptocurrency Humanitarian
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