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...

Full description

Bibliographic Details
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/ http://irep.iium.edu.my/71706/ 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

id	iium-71706
recordtype	eprints
spelling	iium-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
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
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/ http://irep.iium.edu.my/71706/ 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
first_indexed	2023-09-18T21:41:41Z
last_indexed	2023-09-18T21:41:41Z
_version_	1777413182022746112

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

Similar Items