The Shariah framework for smart contracts, an original analytical study

A smart contract is a contract that can be programmed electronically and implement its terms automatically. The researchers concluded that a smart contract can be used in Islamic business framework as long as it meets the basic legal elements as required under the Shariah principles. The paper used...

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Bibliographic Details
Main Authors: Saleh, Abdulmajid Obaid Hasan, Halawani, Alaa Saleh, Qatawneh, Abdelhamid Salem
Format: Conference or Workshop Item
Language:English
English
Published: 2021
Subjects:
Online Access:http://irep.iium.edu.my/94140/1/116.pdf
http://irep.iium.edu.my/94140/2/conference%201.pdf
http://irep.iium.edu.my/94140/
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Summary:A smart contract is a contract that can be programmed electronically and implement its terms automatically. The researchers concluded that a smart contract can be used in Islamic business framework as long as it meets the basic legal elements as required under the Shariah principles. The paper used the descriptive and analytical method to conduct the research.