CRYPTO AND ISLAM

in #crypto6 years ago

British Mosque to Accept Crypto for Zakat and Sadaqah During Ramadan

There is ongoing debate amongst Islamic scholars as to whether crypto should be allowed under Islamic law. The law of Usury dictates that a speculative, fluctuating currency, or one that allows for interest, is forbidden. However, commodities such as gold are “ribawi” – sharia law compliant as long as they are transferred fully and immediately, with no fluctuation in value. Clearly though, this mosque has decided that for the purposes of zakat, allowing crypto donations will only benefit the community in the short and long term.

“From a financial perspective, the ethical aspects of an Islamic blockchain-enabled economy can help bring it into the 21st Century. The technology can enable global penetration, reaching people that currently have limited access to traditional financing, yet have a smartphone. We believe the model will appeal to non-Muslims too… Inshallah, the cryptocurrency campaign is a success and we do receive donations. If it works, I’m sure many other mosques and Islamic charities, not just in Britain but worldwide, will start doing the same.“ -MOsque Chairman Erkin Guney told CCN

https://www.google.com/amp/s/bitrazzi.com/amp/british-mosque-to-accept-crypto-for-zakat-and-sadaqah-during-ramadan

Sort:  

Great decision for crypto and quraan

i am so much glad to see your thinkining..
you are good my dear..@melip
@upvote & @resteem

thanks from my core of heart dear that you write about islam..
@upvote &@resteem done

Your thinking about religion is so broad.thanks for sharing your view about religion.

resteem & upvote done @melip

its amazing to see your mind is so great about religion...
thank you dear @melip for such post..
@upvote & @resteem done

Great article @melip i am a Muslim and this information is helpful and i hope all the mosque's start following the same path. I resteem the post thanks alot.

post a very nice friend of debate with this which i am looking forward to whether this for islam is okay i am so from islam

Excellent information, thanks for sharing

Great news . Thanks for your information @melip

Very good post @melip I like the way you tell about crypto tang to all Muslims