Digital

Are Smart Contracts allowed in Islam?  (The Digital Economy: Case Study 2 – Part 3/4)

Are Smart Contracts allowed in Islam?  (The Digital Economy: Case Study 2 – Part 3/4) Write your view in the comments below: “Allowed” or “Forbidden”.  Then read till the end for the answer. A Smart Contract is standardized and automatically executed and recorded when the predefined input parameters have been successfully met.  For example, if …

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Is Blockchain allowed in Islam?  (The Digital Economy: Case Study 2 – Part 2/4)

Is Blockchain allowed in Islam?  (The Digital Economy: Case Study 2 – Part 2/4) Write your view in the comments below: “Allowed” or “Forbidden”.  Then read till the end for the answer. Let us look at some of the characteristics of a Blockchain: 1)  It is similar to the process of having the information audited …

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Is Public Distributed Ledger (PDL) allowed in Islam?  (The Digital Economy: Case Study 2 – Part 1/4)

Is Public Distributed Ledger (PDL) allowed in Islam?  (The Digital Economy: Case Study 2 – Part 1/4) Write your view in the comments below: “Allowed” or “Forbidden”.  Then read till the end for the answer. A Publicly Distributed Ledger, is a set of information (Ledger) that is made Publicly available and copies of which are …

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