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Growing Science » Uncertain Supply Chain Management » Key success drivers for implementation blockchain technology in UAE Islamic banking

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Uncertain Supply Chain Management

ISSN 2291-6830 (Online) - ISSN 2291-6822 (Print)
Quarterly Publication
Volume 12 Issue 2 pp. 1175-1188 , 2024

Key success drivers for implementation blockchain technology in UAE Islamic banking Pages 1175-1188 Right click to download the paper Download PDF

Authors: Hisham O. Mbaidin, Nour Qassem Sbaee, Isa Othman AlMubydeen, Khaled Mohammad Alomari

DOI: 10.5267/j.uscm.2023.11.016

Keywords: Blockchain, Success Drivers, Islamic banks

Abstract: The utilization of blockchain technology is increasingly emerging as a catalyst for significant changes across multiple industries, including the domain of Islamic finance. This study examines the influence of blockchain technology on the factors that contribute to the successful adoption of blockchain in Islamic banks located in the United Arab Emirates (UAE). The present study employs a cross-sectional survey methodology, encompassing a sample of 344 banking professionals. The investigation utilizes Partial Least Squares Structural Equation Modeling (PLS-SEM) as a statistical technique to examine the association between several crucial variables, namely Trust, Financial Transfers, Operating Expenses, Safety and Security, and the effective implementation of blockchain technology. The results indicate that these variables have a major impact on the effectiveness of implementing blockchain technology, confirming its ability to boost the efficiency of transactions, decrease expenses, and enhance security while adhering to Shariah law. This work makes a vital contribution to the scholarly discourse around the deployment of technology in the context of Islamic banking. In particular, it emphasizes blockchain technology's part in fostering innovation within the sector and fostering a culture of compliance with the sector's ethical and operational standards.

How to cite this paper
Mbaidin, H., Sbaee, N., AlMubydeen, I & Alomari, K. (2024). Key success drivers for implementation blockchain technology in UAE Islamic banking.Uncertain Supply Chain Management, 12(2), 1175-1188.

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