Halal Cryptocurrency Management
The growth of Islamic finance today is significant, making it timely to meet the market demand across the world and particularly for Muslim countries by producing a cryptocurrency model under the Shari’ah ethical principles. This book addresses core compo
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Halal Cryptocurrency Management
Halal Cryptocurrency Management
Mohd Ma’Sum Billah Editor
Halal Cryptocurrency Management
Editor Mohd Ma’Sum Billah Finance, Insurance, Fintech and Investment, Islamic Economics Institute King Abdul Aziz University Jeddah, Kingdom of Saudi Arabia
ISBN 978-3-030-10748-2 ISBN 978-3-030-10749-9 (eBook) https://doi.org/10.1007/978-3-030-10749-9 Library of Congress Control Number: 2019932958 © The Editor(s) (if applicable) and The Author(s) 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
This book is dedicated to the remembrance of my most beloved parents Allamah Mufti Nur Mohammad (r) and Ustazah Akhtarun Nisa’ (r) who have nourished me with their love and wisdom. May Allah (swt) shower them with His Love and Mercy and grant them Jannat al-Ferdaus Nuzulah. I would also dedicate this book to my lovely wife Dr. Khamsiah Nawawi and our heart-touching kids Dr. Ahmad Mu’izz Billah, Ahmad Mu’azz Billah, Ahmad Muniff Billah and Akhtarun Naba’ Billah for their continuous support and sacrifices. May all be blessed with Muwaddau Wa Rahmah, Qurratu A’yun and Mardhaati Allah (swt) in the life and the next. This book is also dedicated to the Ummah, the whole of humanity and creatures. Mohd Ma’Sum Billah
Foreword
From the early days of bartering, man was looking for a means to easily exchange when selling or buying basic goods such as food, medicine and clothing. The use of precious metals and stones solved such need until the second half of the seventeenth century when banknotes were officially introduced in Sweden by a full backing of the state and gradually spread in other European countries to solve the multiple problems of
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