Islamic financial literacy did not show significant influences on the intention to use cryptocurrency.5 answersIslamic financial literacy did not show significant influences on the intention to use cryptocurrency.
What are the main methods of Quranic exegesis?3 answersThe main methods of Quranic exegesis include the tahlîli method, the maudhû'i method, the ijâmlî method, and the muqâran method. Another method employed is the maieutic methodology, which serves rhetoric ends and reinforces Quranic commandments. Additionally, the Ilmi Tafseer approach combines scientific knowledge with the interpretation of Quranic verses, either by understanding the meaning through scientific methods or by finding harmony between the verses and scientific problems. Contemporary commentators also employ a rationalistic approach, known as "divine interpretation," which challenges established religious truths and takes a critical stance on specific topics. Furthermore, the allusive (ishārī) method of exegesis relies on spiritual experience and employs symbols and signs to express the meanings of Quranic verses.
How AI can be used in cryptography?5 answersAI can be used in cryptography by leveraging AI accelerators to implement cryptographic algorithms. These accelerators, designed for machine learning workloads, can be adapted for cryptographic computations, such as polynomial multiplication over rings, which is a time-consuming computation in lattice-based cryptography (LBC). By making optimizations like using low-latency shared memory and coalescing memory access, AI accelerators can deliver significant performance improvements in LBC, as demonstrated by the prototype system TESLAC implemented on NVIDIA Tensor Core. Additionally, neural networks can be utilized for transfer learning in cryptography, enabling the creation of ciphers that can adapt and change over time. Furthermore, synchronization by mutual learning in neural networks can be applied to cryptography for secret key exchange over a public channel.
Islamic finance cryptocurrencies and GCC3 answersIslamic finance in the Gulf Cooperation Council (GCC) is witnessing the impact of financial technologies, including cryptocurrencies and blockchain. The GCC governments are supporting the development of fintech in the region, but the penetration of fintech in Islamic finance institutions (IFIs) is still in its early stages. There is an ongoing debate about the permissibility of cryptocurrencies in Islamic finance, with concerns about volatility and fraudulent activity. However, cryptocurrencies have the potential to become mainstream in the future if they are well-regulated and comply with both banking and Shariah law. The development of cryptocurrencies' market capitalization has been found to have negative long-run effects on bank deposits variability in the GCC region, suggesting the need for banks to consider cryptocurrencies as alternative investment assets or adopt blockchain technology for more efficient operations. To address liquidity management challenges in Islamic finance, efforts are being made to develop Islamic liquid interbank and money markets through the issuance of Shariah-compliant instruments.
What are the miracles of the Quran?4 answersThe miracles of the Quran include its extraordinary language and message, its ability to surpass human eloquence and beauty of language. It is considered a tangible evidence of the authenticity of the Quran as the word of Allah. The miracles of the Quran are seen in its ability to provide guidance and rules for Muslims, including commandments and prohibitions. It contains evidences related to science and natural phenomena. The Quran also includes historical information, scientific knowledge, and teachings on various aspects of life such as law, morality, and economics. The miracles of the Quran are comprehensive and can be found in all aspects, including language, sharia, and scientific values. The Quran is considered the greatest miracle revealed to Prophet Muhammad and is meant to guide humanity until the Day of Judgment.
What are the potential benefits and risks of Islamic cryptocurrency projects?5 answersIslamic cryptocurrency projects have the potential to bring several benefits and risks. On the positive side, these projects can offer a decentralized and secure digital payment system that aligns with Islamic finance principles. They can also provide an alternative to traditional fiat currencies, potentially reducing inflation and foreign exchange risks. Additionally, Islamic cryptocurrencies may enable the creation of a unified financial system and mitigate speculation risks. However, there are also risks associated with these projects. The volatility of cryptocurrencies and their potential use in fraudulent activities raise concerns. Furthermore, there is an ongoing debate about the permissibility of cryptocurrencies in Islamic law, which may affect their acceptance in the mainstream Islamic finance industry. Overall, Islamic cryptocurrency projects offer opportunities for innovation and financial inclusion, but they also require careful consideration of regulatory and Shariah compliance issues.