Navigating the Cryptocurrency Landscape: An Islamic Perspective
Almost a decade on from the launch of Bitcoin, cryptocurrencies continue to generate headlines and intense debate. What started as an underground experiment by a rag tag group of programmers armed with a Libertarian manifesto has now resulted in a thriving $230 billion ecosystem, with constant on-going innovation. Scholars and researchers alike are realizing that cryptocurrencies are far more than mere technical innovation; they represent a distinct and revolutionary new economic paradigm tending towards decentralization. Unfortunately, this bold new universe is little explored from the perspective of Islamic economics and finance. Our work aims to address these deficiencies. Our paper makes the following distinct contributions We significantly expand the discussion on whether cryptocurrencies qualify as "money" from an Islamic perspective and we argue that this debate necessitates rethinking certain fundamental definitions. We conclude that the cryptocurrency phenomenon, with its radical new capabilities, may hold considerable opportunity which merits deeper investigation.
Code (0)
등록된 구현이 없습니다.
Tasks
RAGTAGSimilar Papers 제목 키워드 기반
Islamic Chatbots in the Age of Large Language Models
Large Language Models (LLMs) are rapidly transforming how communities access, interpret, and circulate knowledge, and religious communities are no exception. Chatbots powered by LLMs are beginning to reshape authority, p…
Knowledge Diffusion Process & Common Islamic Banking Governance Principles: Integrative Perspective (s) of Managers and Shariah Scholars
Islamic banks being commercial entities strive to earn profit within shariah ambit. Therefore, they seem to be basing themselves upon two knowledge streams namely i) Islamic jurisprudence principles, and ii) banking prin…
JurisprudenceCan LLMs Write Faithfully? An Agent-Based Evaluation of LLM-generated Islamic Content
Large language models are increasingly used for Islamic guidance, but risk misquoting texts, misapplying jurisprudence, or producing culturally inconsistent responses. We pilot an evaluation of GPT-4o, Ansari AI, and Fan…
Economics unchained: Investigating the role of cryptocurrency, blockchain and intricacies of Bitcoin price fluctuations
This research paper presents a thorough economic analysis of Bitcoin and its impact. We delve into fundamental principles, and technological evolution into a prominent decentralized digital currency. Analysing Bitcoin's …
Decision MakingBuilding an Efficient Multilingual Non-Profit IR System for the Islamic Domain Leveraging Multiprocessing Design in Rust
The widespread use of large language models (LLMs) has dramatically improved many applications of Natural Language Processing (NLP), including Information Retrieval (IR). However, domains that are not driven by commercia…
Domain AdaptationInformation RetrievalRetrieval