The Role of the Financial Metaverse and Its Compliance with Shariah Principles
摘要
The rise of the financial metaverse marks a transformative period in technology, altering how businesses and individuals handle transactions, communication, and work. This paper delves into how these technological advancements align with and challenge Shariah principles. The metaverse allows decentralised financial transactions, smart contracts, and virtual assets but also raises concerns related to Islamic laws, particularly regarding riba (interest), gharar (uncertainty), and maysir (gambling). These principles necessitate careful consideration to ensure Shariah-compliant practices in this digital space. While the financial metaverse presents opportunities for growth and innovation in business and technology, it also introduces potential drawbacks from an Islamic ethical standpoint. The dual nature of the metaverse underscores the importance of striking a balance between leveraging its capabilities and adhering to religious guidelines. Addressing these Shariah implications is critical to promoting compliant financial practices in a rapidly evolving virtual economy.