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Smart Sukuk: The Importance and Limitations of its implementation in Iran
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Seyedeh Hamideh Mousavi1   , Abolghasem Tohidinia *2 |
1- Ph.D. student, Faculty of Economics, University of Tehran, Tehran, Iran
2- Assistant Professor, Faculty of Economics, University of Tehran, Tehran, Iran , a.tohidinia@ut.ac.ir |
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Abstract: (2682 Views) |
This article examines the importance and limitations of utilizing blockchain technology and smart contracts in financing through Sukuk and its applications in Iran. By identifying the significance and challenges of using tokenized Sukuk via smart contracts, or smart Sukuk, appropriate conditions can be created to optimize the opportunities provided by this technology and avoid potential risks associated with its application. This research collects data and information from library resources, scientific articles, and related websites, and analyzes the information using a descriptive-analytical method. Based on the collected information, the use of financial technology and the possibility of leveraging new technology is a turning point in financing individuals, enterprises, and governments. The application of Islamic financial technology also aids the Islamic community in achieving economic goals. Specifically, the issuance and distribution of Sukuk using blockchain technology and smart contracts address issues such as high operational costs, low speed, and transparency in Sukuk issuance, and by improving access to Islamic financial resources and increasing financial inclusion, it will enhance the process of economic growth and development. |
Article number: 1 |
| Keywords: Islamic finance, Blockchain technology, Smart contract, Smart Sukuk. |
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Full-Text [PDF 425 kb]
(828 Downloads)
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Article type: Applicable |
Subject:
Special
Received: 2024/09/7 | Accepted: 2024/11/2 | Published: 2025/02/28
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