Impact of the use of smart contracts on the efficiency of Islamic banking
Author
Source
Journal of Financial, Accounting and Managerial Studies
Issue
Vol. 6, Issue 2 (s) (31 Dec. 2019), pp.6-25, 20 p.
Publisher
Université Larbi Ben M'hidi Oum El Bouaghi Laboratoire COFIFAS
Publication Date
2019-12-31
Country of Publication
Algeria
No. of Pages
20
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
Abstract EN
The objective of the research is to study the impact of smart contract technology on the operational efficiency of Islamic banks.
To achieve the objective of the study, the study reviewed the nature of smart contracts and their compatibility with the rules of Islamic finance and the most important applications of smart contracts in Islamic banks .The operational efficiency was measured through some financial performance indicators for a sample of five leading Islamic banks in the field of smart contracts application during 2015 and 2017.
Research methodology was based on secondary data collected from the published annual reports of the Islamic banks .
The results of the study indicate that The greater the Islamic Bank's reliance on smart contracts in providing its services, the greater the financial performance indicators and the higher the efficiency of the Islamic Bank .
The study also pointed to the need for Islamic banks to have mechanisms to deal with the challenges of smart contracts to increase its ability to achieve the positive benefits of contracts smart.
American Psychological Association (APA)
al-Jundi, Amirah al-Sayyid. 2019. Impact of the use of smart contracts on the efficiency of Islamic banking. Journal of Financial, Accounting and Managerial Studies،Vol. 6, no. 2 (s), pp.6-25.
https://search.emarefa.net/detail/BIM-909481
Modern Language Association (MLA)
al-Jundi, Amirah al-Sayyid. Impact of the use of smart contracts on the efficiency of Islamic banking. Journal of Financial, Accounting and Managerial Studies Vol. 6, no. 2 (Special issue) (Dec. 2019), pp.6-25.
https://search.emarefa.net/detail/BIM-909481
American Medical Association (AMA)
al-Jundi, Amirah al-Sayyid. Impact of the use of smart contracts on the efficiency of Islamic banking. Journal of Financial, Accounting and Managerial Studies. 2019. Vol. 6, no. 2 (s), pp.6-25.
https://search.emarefa.net/detail/BIM-909481
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 23-25
Record ID
BIM-909481