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Novel Multi-agent Protocols for Islamic Banking Commodity Trading

  • Amer AlzaidiEmail author
  • Dimitar Kazakov
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 10207)

Abstract

Multi-agent systems can play a critical role in Islamic banking development by creating or reforming existing financial products that improve final output and solving a number of legal issues related to Islamic Sharia law. This paper introduces novel multi-agent protocols for a commodity-trading platform to be used for Islamic banking. This work focuses on the most popular (and debated) Islamic banking product, a personal financing product that involves commodity trading rather than direct lending. The protocols in question handle communication in a heterogeneous multi-agent platform to assist three types of actors: banks, retailers and individuals in need of cash.

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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  1. 1.Information System Department, Faculty of Computing & Information TechnologyUniversity of JeddahJeddahSaudi Arabia
  2. 2.Computer Science DepartmentUniversity of YorkYorkUK

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