smart contract is a disruptive technology and gaining market share at a rapid pace. The main purpose of smart contract is to facilitate the transfer of digital assets between the contracting parties based on pre-agreed stipulations or terms. The concept of smart contracts makes enormous sense to Islamic financial institutions to implement it for Islamic financing services. A smart contract is closer to Islamic contract and in compliance with Shariah objective to ensure transparency in business dealings or transactions such as asset definition, payment terms, enforcement and following the principle of trust. In this research, smart contracts, the main characteristics of smart contracts and the application of smart contracts in various industries are presented. On the other hand, the traditional models of Murabaha base purchase housing were described. Also, a proposed smart contract for the creation of Islamic housing and a proposed smart contract, as well as its various designs for the fintech of Islamic banking were presented.
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