REDmoney Seminars Presents 'Crypto Assets and Currencies – Key Practical & Shariah Perspectives'

Date: 31 Jul - 02 Aug 2023
Location: Online

The history of money in Islam starts with the use of the Roman Byzantine gold denarius (dinar) and the Persian silver drachma (dirham). Today, we are dealing with new forms of money and assets. Crypto assets and currencies once again prompt a robust discussion and exchange of views about money in a new context. Many commentators will point to a lack of clarity or a uniform Islamic view about digital assets, and in particular crypto assets, and how they should be used and applied. This course aims to address the salient issues surrounding this discussion, and how crypto assets are being deployed in today’s financial ecosystem. We will address the complex issues of crypto assets and currencies from an Islamic perspective, drawing on Shariah rulings, Maqasid al Shariah, and what is considered Maal and a currency in this context.

This course is designed for finance practitioners who need to understand Shariah rulings and issues relevant to crypto assets and currencies, and how to implement an appropriate Shariah judgement. Also, anyone who may require tools to assess crypto contracts and currencies from the point of view of a financial institution or regulator. The course is highly interactive with case studies, quizzes, and real-life challenges, and will provide delegates with ample opportunity to raise questions and discuss solutions.

Key Highlights:

  • Gain a critical understanding of how Shariah examines, assesses, and deduces a ruling about crypto assets and currencies.
  • Learn how to formulate and implement an effective Shariah-based assessment methodology for crypto assets and currencies.
  • Assess the implications of Shariah issues and rulings on the deployment of crypto assets in today’s financial ecosystem.

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