Strengthening the Islamic Banking Services Through Blockchain Technology: ANP- Stei Approach


  • Saifullah, Muhammad Wasie Fasiah Butt Faculty of Management Science Hamdard University HIMS, Karachi
  • Tahir Saeed Jagirani School of Economics, Finance and Banking, University Utara Malaysia (UUM) Malaysia
  • Sarmad Ejaz Department of Management Sciences, University of Okara
  • Fodor Zita Júlia Institute of Economic Sciences, Hungarian University of Agriculture and Life Sciences, Godollo-2100, Hungary
  • Md Billal Hossain Business Management and Marketing Department, School of Business and Economics, Westminster International University in Tashkent, 100047 Tashkent, Uzbekistan


Pakistan, Islamic finance, Blockchain Technology, Security, transparency, efficiency, immutability


The purpose of the study is to explore the rank-wise contribution of blockchain technology with its four components, i.e. Security, Transparency, Efficiency and Immutability, along with ten nodes, i.e audit trial, real[1]time, traceability, reliable, peer-to-peer, cost, fast, time, permanent and decentralized in strengthening the Islamic Banking services in Pakistan. The Analytical Network Process (ANP) technique has been applied for data collection and expert opinion from Bankers, academia and blockchain technology Practitioners. The data was analyzed on Super Decision software. The study reveals that blockchain adoption in Pakistani Islamic Banking enhances financial services through its ten nodes' security, transparency, efficiency, and immutability. This technology effortlessly facilitates processes, enhances accessibility, and validates blockchain's pivotal role in Islamic banking product offerings




How to Cite

Saifullah, Muhammad Wasie Fasiah Butt, Tahir Saeed Jagirani, Sarmad Ejaz, Fodor Zita Júlia, & Md Billal Hossain. (2024). Strengthening the Islamic Banking Services Through Blockchain Technology: ANP- Stei Approach. Kurdish Studies, 12(1). Retrieved from