Abstract
Multi-Agent Systems can play a critical role in Islamic banking development to create new or reform existing financial products in order to promote profit, reduce risk and to solve a number of legal issues related to Islamic Sharia law. This paper introduces a novel multi-agent platform for commodity trading in support of Islamic banking. The article focuses on the most popular (and debated) Islamic banking product, Tawarruq, and describes the design and implementation of a heterogeneous multi-agent platform assisting three types of participants: banks, retailers and individuals in need of cash. The benefits of our approach are demonstrated experimentally through simulations.
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© 2012 Springer-Verlag Berlin Heidelberg
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Alzaidi, A., Kazakov, D. (2012). Earn More, Stay Legal: Novel Multi-agent Support for Islamic Banking. In: Pérez, J., et al. Highlights on Practical Applications of Agents and Multi-Agent Systems. Advances in Intelligent and Soft Computing, vol 156. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-28762-6_38
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DOI: https://doi.org/10.1007/978-3-642-28762-6_38
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-28761-9
Online ISBN: 978-3-642-28762-6
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