EXPLORING THE DYNAMICS OF BLOCKCHAIN TECHNOLOGY IN ISLAMIC FINANCE: A NOVEL INVESTIGATION OF CRYPTOCURRENCY INTEGRATION WITHIN SHARIA- COMPLIANT FINANCIAL SYSTEMS IN PAKISTAN

Authors

  • Dr. Samina Rooh Lecturer in Finance, Deparment of Management Sciences, University of Buner, Bunner Author
  • Dr. Madiha Hayat PhD Economics, International Institute of Islamic Economics, International Islamic University, Islamabad. Author
  • Dr. Ayaz Ul Haq CEO, Creative Business & Social Research (CBSR), Rawalpindi. Author
  • Muhammad Farooq Malik Independent Research and Policy Analyst Author

DOI:

https://doi.org/10.63075/ew03wf48

Abstract

The study examined Pakistani Sharia-compliant financial platforms integrating cryptocurrency through blockchain system implementation. A qualitative research study involved purposeful sampling methods to collect data through interviews with thirty individuals from Islamic finance along with blockchain operators and regulatory entities. The thematic analysis allowed the researchers to uncover the main themes of blockchain technology integration issues while blending Islamic finance standards. The study explored both advantages and regulatory elements in conjunction with concluding that blockchain technology presents promising Sharia-compliant financial opportunities but requires addressing operational and regulatory challenges.

Keywords: Blockchain Technology, Cryptocurrency, Sharia-Compliant Finance, Thematic Analysis, Pakistan.

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Published

2025-03-25

Issue

Vol. 3 No. 1 (2025): Qualitative Research Review Letter (QRRL)

Section

Articles

How to Cite

EXPLORING THE DYNAMICS OF BLOCKCHAIN TECHNOLOGY IN ISLAMIC FINANCE: A NOVEL INVESTIGATION OF CRYPTOCURRENCY INTEGRATION WITHIN SHARIA- COMPLIANT FINANCIAL SYSTEMS IN PAKISTAN. (2025). Qualitative Research Review Letter, 3(1), 497-439. https://doi.org/10.63075/ew03wf48