Revue Les Cahiers du POIDEX
Volume 12, Numéro 1, Pages 435-453
2023-06-30
Analyzing The Success Factors Of The Malaysian Experience In Developing Islamic Financial Services Industry Through Blockchain' Applications - Finterra Waqf Platform Model-
Authors : Benyezza Chaima . Bouketir Djebar .
Abstract
This study aims to outline the framework of blockchain technology and its applications in the Islamic financial services industry, concentrating on the chances it presents for the growth of the waqf industry in Malaysia. This technology has spread in a fast manner and it has given a hope to revive the idle waqf which lead for decades. This paper also aims to study the potential of blockchain to change waqf applications with special focus on Finterra Waqf Chain as a case study. This latter is a platform for crowd funding that employs blockchain notions and solutions. The findings of this study show how Finterra is addressing issues with subpar management of the outdated waqf properties that have been left unoccupied by utilizing its waqf chain platform
Keywords
Islamic Financial Services ; Blockchain ; Endowment ; FinTech ; Finterra Waqf Chain
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