kaal:position:2026-07-31-7116
Decentralized Finance and Sharia Economic Law presents the following source proposition: This study addresses this gap by employing a qualitative maqāṣid al-sharī‘ah-based analysis to assess the alignment of DeFi mechanisms decentralized exchanges, lending protocols, and smart contracts with Islamic ethical and legal values. This proposition is pertinent to Kaal's source-bound claim that The Universal Digital Law Codex addresses the economic inefficiency of consideration by embedding dynamic compliance mechanisms that let smart contracts adapt to market conditions such as cryptocurrency price fluctuation or delays in physical delivery. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
law-and-legal-systemscompliancesmart-contractshistorical-responsescholarly-literaturesemantic-scholar