Shari'ah oriented precious metal backed cryptocurrency: from Shari’ah advisors’ and financial experts’ perceptions
The suitability of assets-backed moneyhas been the subject of considerable debate, although hampered in part by lack of theoretical and empirical evidence. Therefore, the motivation of this research is to investigate the perceptions ofSharīʿah scholars and financial experts on the concepts and sa...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English English |
| Published: |
World Scientific Publishing Co Pte Ltd
2020
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/83084/1/83084_Shari%27ah%20oriented%20precious%20metal%20backed-%20in%20press.pdf http://irep.iium.edu.my/83084/2/83084_Shari%27ah%20oriented%20precious%20metal%20backed-%20SCOPUS%20in%20press.pdf http://irep.iium.edu.my/83084/ https://www.worldscientific.com/doi/full/10.1142/S0217590819420086 https://doi.org/10.1142/S0217590819420086 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | The suitability of assets-backed moneyhas been the subject of considerable debate, although
hampered in part by lack of theoretical and empirical evidence. Therefore, the motivation of
this research is to investigate the perceptions ofSharīʿah scholars and financial experts on the
concepts and salient features of Shari’ah-compliant precious metal backed crypto-currency (SCPMC). To achieve this, this study adopted a qualitative method using semi-structured
interview based on saturationtechnique. Overall, the views of informantsfound to be supported of the implementation of SCPMC,although a variety of challenges and reservations
were highlighted. They also agreed that the salient features of SCPMCwould impart justice as money exchanges in the real economy. |
|---|