Following the success of the first edition that brought attention to the digital revolution in
Islamic financial services comes this revised and updated second edition of Blockchain
Fintech and Islamic Finance. The authors reiterate the potential of digital disruption to
shrink the role and relevance of today's banks while simultaneously creating better faster
cheaper services that will be an essential part of everyday life. Digital transformation will
also offer the ability to create new ways to better comply to Islamic values in order to
rebuild trust and confidence in the current financial system. In this new edition they explore
current concepts of decentralized finance (DeFi) distributed intelligence stablecoins and
the integration of AI blockchain data analytics and IoT devices for a holistic solution to
ensure technology adoption in a prudent and sustainable manner. The book discusses crucial
innovation structural and institutional developments for financial technologies including two
fast-growing trends that merge and complement each other: tokenization where all illiquid
assets in the world from private equity to real estate and luxury goods become liquid and can
be traded more efficiently and second the rise of a new tokenized economy where inevitably
new rules and ways to enforce them will develop to fully unleash their capabilities. These
complementary and oft-correlated trends will complete the decentralization of finance and will
influence the way future financial services will be implemented. This book provides insights
into the shift in processes as well as the challenges that need to be overcome for practical
applications for AI and blockchain and how to approach such innovations. It also covers new
technological risks that are the consequence of utilizing frontier technologies such as AI
blockchain and IoT. Industry leaders Islamic finance professionals along with students and
academics in the fields of Islamic finance and economics will benefit immensely from this book.
