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Peer-to-peer financing in Islamic finance: an analysis of the musharakah model of Islamic fintech for SMEs financing in the state of Qatar

Peer-to-peer financial services are increasingly becoming significant game changers in the financial sector across the globe. Initially, few structures were developed to help cater to the attention of the Islamic financial industry players involved in peer-to-peer dealings. The new trend of the tech...

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Main Author: Adam Sa'ad, Auwal
Format: Conference or Workshop Item
Language:English
English
Published: 2018
Subjects:
HG3368 Islamic Banking and Finance
Online Access:http://irep.iium.edu.my/71706/1/71706_PEER-TO-PEER%20FINANCING%20IN%20ISLAMIC%20FINANCE%20-%20slides.pdf
http://irep.iium.edu.my/71706/2/71706_PEER-TO-PEER%20FINANCING%20IN%20ISLAMIC%20FINANCE.pdf
http://irep.iium.edu.my/71706/
http://gulfresearchmeeting.net/index.php?pgid=MTg1&wid=MTQx&txtstatus=1
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spelling my.iium.irep.717062019-11-26T04:55:40Z http://irep.iium.edu.my/71706/ Peer-to-peer financing in Islamic finance: an analysis of the musharakah model of Islamic fintech for SMEs financing in the state of Qatar Adam Sa'ad, Auwal HG3368 Islamic Banking and Finance Peer-to-peer financial services are increasingly becoming significant game changers in the financial sector across the globe. Initially, few structures were developed to help cater to the attention of the Islamic financial industry players involved in peer-to-peer dealings. The new trend of the technological evolution in the banking and financial sector has proved to be the next challenge in this sector. However, the survival of Islamic Fintech will heavily rely on the existing established trust within the sector. The potential collaborations between the established Islamic banks, Fintech players and start-ups will certainly unleash the potentials of today’s technologies in the Islamic finance industry. The paper proposes a Musharakah model using Musharakah Smart Contract in which the investors would be crediting their investments for Musharakah purposes with virtual business owners for specific Shari‘ah compliant businesses and share in the profit based on an agreed dividend under the Musharakah principles. It also highlights the potential structures, cyber risks, and devices to mitigate them by using Musharakah standards and measures within the Shari‘ah principles. 2018 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/71706/1/71706_PEER-TO-PEER%20FINANCING%20IN%20ISLAMIC%20FINANCE%20-%20slides.pdf application/pdf en http://irep.iium.edu.my/71706/2/71706_PEER-TO-PEER%20FINANCING%20IN%20ISLAMIC%20FINANCE.pdf Adam Sa'ad, Auwal (2018) Peer-to-peer financing in Islamic finance: an analysis of the musharakah model of Islamic fintech for SMEs financing in the state of Qatar. In: Gulf Research Meeting University of Cambridge, 15th-18th July 2019, United Kingdom. (Unpublished) http://gulfresearchmeeting.net/index.php?pgid=MTg1&wid=MTQx&txtstatus=1
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic HG3368 Islamic Banking and Finance
spellingShingle HG3368 Islamic Banking and Finance
Adam Sa'ad, Auwal
Peer-to-peer financing in Islamic finance: an analysis of the musharakah model of Islamic fintech for SMEs financing in the state of Qatar
description Peer-to-peer financial services are increasingly becoming significant game changers in the financial sector across the globe. Initially, few structures were developed to help cater to the attention of the Islamic financial industry players involved in peer-to-peer dealings. The new trend of the technological evolution in the banking and financial sector has proved to be the next challenge in this sector. However, the survival of Islamic Fintech will heavily rely on the existing established trust within the sector. The potential collaborations between the established Islamic banks, Fintech players and start-ups will certainly unleash the potentials of today’s technologies in the Islamic finance industry. The paper proposes a Musharakah model using Musharakah Smart Contract in which the investors would be crediting their investments for Musharakah purposes with virtual business owners for specific Shari‘ah compliant businesses and share in the profit based on an agreed dividend under the Musharakah principles. It also highlights the potential structures, cyber risks, and devices to mitigate them by using Musharakah standards and measures within the Shari‘ah principles.
format Conference or Workshop Item
author Adam Sa'ad, Auwal
author_facet Adam Sa'ad, Auwal
author_sort Adam Sa'ad, Auwal
title Peer-to-peer financing in Islamic finance: an analysis of the musharakah model of Islamic fintech for SMEs financing in the state of Qatar
title_short Peer-to-peer financing in Islamic finance: an analysis of the musharakah model of Islamic fintech for SMEs financing in the state of Qatar
title_full Peer-to-peer financing in Islamic finance: an analysis of the musharakah model of Islamic fintech for SMEs financing in the state of Qatar
title_fullStr Peer-to-peer financing in Islamic finance: an analysis of the musharakah model of Islamic fintech for SMEs financing in the state of Qatar
title_full_unstemmed Peer-to-peer financing in Islamic finance: an analysis of the musharakah model of Islamic fintech for SMEs financing in the state of Qatar
title_sort peer-to-peer financing in islamic finance: an analysis of the musharakah model of islamic fintech for smes financing in the state of qatar
publishDate 2018
url http://irep.iium.edu.my/71706/1/71706_PEER-TO-PEER%20FINANCING%20IN%20ISLAMIC%20FINANCE%20-%20slides.pdf
http://irep.iium.edu.my/71706/2/71706_PEER-TO-PEER%20FINANCING%20IN%20ISLAMIC%20FINANCE.pdf
http://irep.iium.edu.my/71706/
http://gulfresearchmeeting.net/index.php?pgid=MTg1&wid=MTQx&txtstatus=1
_version_ 1651865907793756160
score 13.211869

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