In a webinar hosted
on Zoom by the University of Human Development (UHD) on 22nd
February 2022 at 8:30 Erbil Time, Prof. Dr Ali Qaradaghi, the Secretary-General
of the International Union of Muslim Scholars and Head of the Board of Trustees
of University of Human Development, presented a talk on smart and electronic
contracts and their legality from an Islamic point of view.
that Islam has had a significant contribution to the development of society and
the civilisations around it. He referred to the Islamic principle of having
mutual consent in contract between the parties and the principle of tacit
approval or agreement to establish important and flexible bases for various
forms of contracts—smart and electronic contracts can be said to be legal from
the Islamic point of view under two conditions or when two things are executed.
contracts, they need to be detached from cryptocurrencies, then they can be
used for many other purposes. As for electronic contracts, one must be aware that
the companies or the intermediaries
with whom one does transactions must be reliable and
liable for faults.
Prof. Dr Ali Qaradaghi encouraged the UHD to
exert its efforts to develop a smart contract programme and put it at the
public’s service by sharing it with other institutions and government agencies.
He said that the Kurds must trust themselves with invention and innovation and
they can develop great things if they have the will to do so. He finally took
some questions from the audience. The webinar lasted more than an hour and a
The UHD President Prof. Dr Mariwan Ahmed
Rasheed thanked Prof. Dr Ali Qaradaghi for his time and knowledge and said that
his recommendations would be taken seriously.