Blockchain technology applications in the islamic financial industry : the smart sukuk of blossom finance's platform in indonesia model

Author

Babas, Munirah

Source

Revue des Sciences Economiques, de Gestion et Sciences Commerciales

Issue

Vol. 13, Issue 2 (s) (31 Aug. 2020), pp.309-325, 17 p.

Publisher

Mohamed Boudiaf-Masila University Faculty of Economic Commercial and Management Sciences

Publication Date

2020-08-31

Country of Publication

Algeria

No. of Pages

17

Main Topic

Islamic Economics and Finance

Topics

Abstract EN

This research aimed to identify the applications of Blockchain in the Islamic financial industry, with a case study of smart sukuk issued through the platform of Blossom Finance in Indonesia.

The study concluded that there are many advantages and areas for Blockchain applications in Islamic finance, especially through the use of smart contracts, cloud data storage, Zakat collection, Waqf management, Takaful and smart sukuk, which leads to increase transparency and effectiveness of Islamic finance.

Smart Sukuk issued through Blossom Finance platform in Indonesia is one of the first technological innovations in this field, as it had an important role in financing microfinance cooperatives in Indonesia.

American Psychological Association (APA)

Babas, Munirah. 2020. Blockchain technology applications in the islamic financial industry : the smart sukuk of blossom finance's platform in indonesia model. Revue des Sciences Economiques, de Gestion et Sciences Commerciales،Vol. 13, no. 2 (s), pp.309-325.
https://search.emarefa.net/detail/BIM-987238

Modern Language Association (MLA)

Babas, Munirah. Blockchain technology applications in the islamic financial industry : the smart sukuk of blossom finance's platform in indonesia model. Revue des Sciences Economiques, de Gestion et Sciences Commerciales Vol. 13, no. 2 (Special Issue) (2020), pp.309-325.
https://search.emarefa.net/detail/BIM-987238

American Medical Association (AMA)

Babas, Munirah. Blockchain technology applications in the islamic financial industry : the smart sukuk of blossom finance's platform in indonesia model. Revue des Sciences Economiques, de Gestion et Sciences Commerciales. 2020. Vol. 13, no. 2 (s), pp.309-325.
https://search.emarefa.net/detail/BIM-987238

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references : p. 324-325

Record ID

BIM-987238