nep-isf New Economics Papers
on Islamic Finance
Issue of 2019‒03‒18
two papers chosen by

  1. Blockchains for Islamic finance: Obstacles & Challenges By Elasrag, Hussein
  2. Hijabers on Instagram: Using Visual Social Media to Construct the Ideal Muslim Woman By Baulch, Emma; Pramiyanti, Alila

  1. By: Elasrag, Hussein
    Abstract: This paper focuses on analyzing the innovative technology “Blockchain” and the potential of blockchain-based applications for Islamic finance. The main objectives were to define how blockchain can change the Islamic finance industry. The paper discussed the various interesting applications of blockchain in Islamic finance that can bring different benefits. The paper also shed light on the challenges facing Applying Blockchains for Islamic finance .
    Keywords: blockchain, Islamic finance,waqf,zakat,Smart Sukuk ,Takaful
    JEL: G2 I3 Z12
    Date: 2019–03–06
  2. By: Baulch, Emma; Pramiyanti, Alila
    Abstract: This article studies uses of Instagram by members of Indonesia’s Hijabers’ Community. It shows how hijabers employ Instagram as a stage for performing middle-classness, but also for dakwah (“the call, invitation or challenge to Islam”), which they consider one of their primary tasks as Muslims. By enfolding the taking and sharing of images of Muslimah bodies on Instagram into this Quranic imperative, the hijabers shape an Islamic-themed bodily esthetic for middle class women, and at the same time present this bodily esthetic as a form of Islamic knowledge. The article extends work on influencer culture on Instagram, which has considered how and whether women exert control over their bodies in post-feminist performances of female entrepreneurship and consumer choice on social media. In it, we argue that examining the “enframement” of hijaberness on Instagram show it to be both a Muslim variant of post-feminist performances on social media, and a female variant of electronically-mediated Muslim preaching. That is, hijabers’ performances of veiled femininity structure and are structured by two distinct fields - a dynamic global digital culture and a changing field of Islamic communication – and point to a “composite habitus,” similar to that identified by Waltorp.
    Keywords: dakwah, hijabers, Instagram, Indonesia, post-feminism, microcelebrity
    JEL: D83
    Date: 2018–10

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