CRYPTOCURRENCY IN ISLAMIC ECONOMIC PRINCIPLES

General Economic Principles of Modern Islamic Civilization Based on the Prophetic Tradition

The Prophet's performance in the economic interactions of the prophetic government includes principles and axes that, in addition to explaining the Islamic religion's view of the worldly affairs, also represent the desirable structure of the economic system in modern Islamic civilization. He, as the position of the Islamic government ruler, has managed the economic affairs of the government and...

Islamic Law, Institutions and Economic Development in the Islamic Middle East

Timur Kuran has spent much of the last decade investigating the economic and institutional development of the Middle East. The Long Divergence: How Islamic Law Held Back the Middle East brings the results of this research together to provide an explanation for the decline in the region’s economic fortunes. Although generations of scholars have sought to understand the Middle East’s economic dec...

The Islamic Economic Philosophy

Cryptocurrency Voting Games

This work shows that weighted majority voting games occur in cryptocurrencies. In particular, two such games are highlighted. The first game, which we call the Rule Game, pertains to the scenario where the entities in the system engage in a voting procedure to accept or reject a change of rules. The second game, which we call the Attack Game, refers to the scenario where a group of entities in ...

The Role of Islamic Banking in Economic Growth

Islamic banking is currently one of the fastest growing segments of the financial market industry, operating in over 75 countries through 300 institutions. While past literature has established the development of financial institutions as a determinant of economic growth, research on the correlation of the diffusion of Islamic banking with economic growth is limited. This study seeks to add to ...