Smart Contracts & Islamic Finance

The rationale behind the concept of smart contracts makes enormous sense to an Islamic economist. The original goal behind the idea (Szabo, 1994) was to apply the principles of traditional contracting and related business practices to the design of electronic commerce protocols between multitudes of unknown parties on the Internet. The author(s) of this concept…

Awqaf Governance – Thinking Inside the Box

Hisham Dafterdar, CPA, PhD Chairman, Awkaf Australia Ltd   Good governance is a major issue facing awqaf organisations. Despite the sector’s awesome size, awqaf remains one of the most misunderstood areas of the Islamic financial system. Because of awqaf’s private and usually esoteric nature, and lack of transparency how awqaf are governed and regulated, awqaf…