Halal Metaverse: Beyond Shariah-Compliant Contracts
A halal metaverse has certain distinct features. Similar to any other metaverse, it is a shared virtual world. However, in the halal metaverse, all transactions…
An Innovative Islamic Microfinance Institution
In the paper titled “Leveraging Philanthropy: Monetary Waqf for Microfinance” Dr Muhammad Anas Zarka comes up with some interesting and innovative suggestions for designing an…
Shariah-Based Metaverse: Potential Areas of Traction and Challenges
Panel Discussion- Blockchain Expert Talk Dr. Hazik Mohammed (Moderator): You have been a proponent for a Shariah-based metaverse. Can you describe what is meant by the…
Shariah Sandbox for Islamic Fintech Regulation?
Financial Regulations & Innovation Regulations are rules concerning what individuals, businesses, and organizations can and cannot do. With innovation taking place at a breakneck speed…
Debt Addiction and Riba
This discussion is around a brief post by the well-known Islamic economist Dr Mohammad Anas Zarka in an email-group, in the year 2010. The Economist (June 24, 2010 issue)…
Using Metaverse Technology to Create an Islamic Meta Economy
Increasingly commonplace among the internet community, the term “metaverse” evokes mixed reactions as it is subjected to varied interpretations. At one extreme, Muslims are particularly…
12 Points on How to Do Islamic Microfinance in India
Originally authored on June 30, 2008 Large section of Indian Muslims are poor. They also tend to get excluded from the formal banking and financial…
Awqaf Microfinance – Small is Beautiful
In Islam, lending is considered more of a charitable act than a commercial one. For a Muslim, it’s a matter of faith not to expect…
Awqaf and SMEs: Connecting the Dots
The waqf is the Islamic hallmark of social development, providing local solutions to local problems. The waqf system aims to reach an active and productive…
The Awqafability of SMEs
The institution of waqf is a feature of the socio-economic makeup of the Muslim society and one of the most effective mechanisms of its unity.…
CBDCs for Indonesia -2 (Lessons from International Experiments)
Global interest in CBDCs has steadily increased in recent times. Recent reports suggest that as many as 100-plus countries, are currently exploring a CBDC, up…
CBDCs for Indonesia – 1 (Project Garuda)
Background In May 2021, Bank Indonesia announced its intention to launch a CBDC to be known as Digital Rupiah. Three reasons were cited for this…