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Understanding blockchain technology in Islamic social finance and its opportunities in metaverse

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dc.contributor.authorSherin Kunhibava
dc.contributor.authorZakariya Mustapha
dc.contributor.authorMaryam Khalid
dc.contributor.authorAishath Muneeza
dc.date.accessioned2023-09-04T07:46:29Z
dc.date.available2023-09-04T07:46:29Z
dc.date.issued2023
dc.description.abstractThe use of blockchain technology in financing has been based on its high benefits of efficiency and transparency. However, not many in-depth discussions have been done on such blockchain utilization for Islamic social finance or the metaverse. This paper further explores these three areas of blockchain, the metaverse and Islamic social finance by proposing the use of blockchain and the metaverse for social projects of providing education to the underprivileged with the use of Islamic social finance instruments. In fulfilling this objective this research will explain how blockchain technology was applied in Islamic social finance through the case study of Blossom Smart sukuk, thereafter the opportunities for education under Islamic financial principles through blockchain in metaverse will be explored. The authors believe that further innovation in this area would see renaissance in Islamic social finance both in the real world and in metaverse. en_US
dc.identifier.citationKunhibava, S., Muneeza, A., Mustapha, Z. & Khalid, M. (2023). Understanding blockchain technology in Islamic social finance and its opportunities in metaverse. In A. Sarirete, Z. Balfagih, T. Brahimi, M. F. E. Mousa, & P. Elkafrawy (Eds.), The 20th International Learning and Technology Conference (pp. 37-41). Saudi Arabia, Effat University.en_US
dc.identifier.doihttps://doi.org/10.1109/LT58159.2023.10092287
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3810
dc.languageEnglish
dc.language.isoengen_US
dc.publisherIEEEen_US
dc.sourceSEDONA
dc.subjectBlockchainen_US
dc.subjectIslamic social financeen_US
dc.subjectBlossom financeen_US
dc.subjectMetaverseen_US
dc.titleUnderstanding blockchain technology in Islamic social finance and its opportunities in metaverseen_US
dc.typeAcademic Proceedingen_US
dlc.maintopicIslamic social financeen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic social financeen_US
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication.latestForDiscovery81014255-5cb8-46bc-ad81-bf6d8a3a0702
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