Article Per Year (5 Year)
p-Index From 2021 - 2026
4.506
P-Index
This Author published in this journals
All Journal JIFTECH: Journal Of Islamic Financial Technology Sharing: Journal Of Islamic Economics, Management And Business Money: Journal of Financial and Islamic Banking CARE: Jurnal Pengabdian Multi Disiplin Journal of Economic, Management, Business, Accounting Sustainability Journal Of Community Sustainability General Multidisciplinary Research Journal Profetik Jurnal Ekonomi Syariah Journal Of Legal Sustainability (JOLS) Multidisciplinary Journal of Religion and Social Sciences (MJRS) Journal of Community Service and Empowerment
Diany Mairiza
Universitas Pahlawan Tuanku Tambusai
Religion Agriculture, Biological Sciences & Forestry Arts Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Health Professions Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Public Health Social Sciences Other

Published : 34 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : JIFTECH: Journal Of Islamic Financial Technology

 1 
From Tradition to Innovation: Tokenizing Dinar and Dirham for the Islamic Digital Economy Hutagalung, Muhammad Wandisyah R; Mairiza, Diany
Journal of Islamic Financial Technology Vol 3, No 2 (2024)
Publisher : UIN Syekh Ali Hasan Ahmad Addary Padangsidimpuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24952/jiftech.v3i2.14645

Abstract

This research explores the potential and implications of tokenizing Dinar and Dirham in the context of Islamic digital finance, with a focus on the use of blockchain technology to facilitate their integration into the global financial system. The study adopts a qualitative approach, analyzing data derived from scholarly publications, online resources, and case studies from countries like the UAE and Malaysia, which are exploring blockchain-based Islamic currencies. The research examines the fundamental principles of Dinar (gold) and Dirham (silver) as intrinsic-value currencies within Islamic finance, highlighting their alignment with Sharia principles such as transparency, fairness, and the prohibition of riba (interest). Furthermore, the study explores the concept of tokenization, its application in the digital economy, and its potential to offer stable, inflation-free payment solutions.Key findings indicate that tokenized Dinar and Dirham can enhance financial inclusion, promote economic stability, and provide an alternative to volatile fiat currencies. Blockchain technology is identified as an effective platform for supporting these tokenized currencies, ensuring transparency, security, and decentralization in compliance with Sharia law. However, the research also identifies several challenges, including regulatory uncertainties, technological scalability issues, and societal resistance to adopting digital currencies. Drawing on case studies, the research highlights the importance of clear regulatory frameworks, technological advancements, and financial literacy programs to support the widespread adoption of tokenized Islamic currencies.The study concludes with policy recommendations aimed at addressing these challenges, emphasizing the need for a collaborative approach involving regulators, financial institutions, and technology providers. Future research directions include exploring the practical implementation of tokenized Dinar and Dirham and examining consumer behavior and the broader economic impact of these digital currencies. This research contributes to the growing discourse on Islamic digital finance and offers insights into how tokenized Dinar and Dirham can potentially reshape the future of finance in Muslim-majority countries. Keywords: Tokenization, Dinar, Dirham, Blockchain, Islamic Finance, Digital Currency, Sharia Compliance.
Co-Authors Amalia, Nala AMELIA, NUR Delia, Dwi Anisa Dinata, Shidiq Ramdan Dwi Widiarsih Eti, Eti Harahap, Nurintan Muliani Hidayat Hidayat Hidayat Hidayat Hutagalung, Muhammad Wandisyah R Irmawanti, Irmawanti Juliana Yulianti Lismawati, Lismawati Lukina, Teresa Maini, Nur Mardiyah, Suci Merry Meilany Mifta Hasda Mohd. Winario Muhammad Hafiz Muhammad Syaipudin Muhammad Zakir Mustafa Kamal Nilam Erman Nurhamidah, Eva Nurmaini Nurmaini Putri, Berliana Putri, Elen Sri Ega Rahma Wati Rahmawati, Rahmawati Ramadhan, Al Insani Mutiara Rifqil Khairi Saru Reza Solekha, Nadira Wahyu Febri Ramadhan Sudirman Zubaidah Assyifa