Bitcoin News / Google News Bitcoin - 1 year ago

Islamic Coin Claims it Will Scale Like Bitcoin and Hit $1 Trillion in Value - BeInCrypto

Islamic Coin Claims it Will Scale Like Bitcoin and Hit $1 Trillion in Value& & BeInCrypto

Cryptocoins News / The Cointelegraph ​ - 1 year ago

NFT and Islamic education: A new frontier to teach religion?

The world is in the midst of a digital revolution and with it, the way we think about value is shifting. The application of nonfungible tokens (NFTs) to represent and transmit religious values and principles is one of the most fascinating manifestat...

Bitcoin News / Bitcoinist - 1 year ago

Warba Bank Becomes 1st Islamic Lender To Enter The Metaverse

Warba Bank, an islamic bank headquartered in Kuwait, is the latest banking corporation from the Middle East and North Africa region to make a foray into the metaverse, a massive virtual realm centered on social interaction. In what has been heralded...

Bitcoin News / Bitcoin.com - 1 year ago

Kuwait-Based Islamic Bank Enters the Metaverse

Warba Bank, a Kuwait-based Islamic bank, recently became the latest corporation from the Middle East and North Africa (MENA) to enter the metaverse. The bank now occupies two sites in the metaverse, one Decentraland and another one on Sandbox. ...

Cryptocoins News / NewsBTC - 1 year ago

Top GCC Banker Hussein Al Meeza Joins Islamic Coin Executive Board

Top financier and banker Hussein Al Meeza has joined Islamic Coin – the Shariah-compliant cryptocurrency launched in the UAE. Having been named Best Islamic Banking Personality in 2006, Mr. Al Meeza is an acclaimed award-winning expert with over 40...

Bitcoin News / Bitcoin.com - 2 years ago

Islamic Scholar Says Digital Currency is Not a ‘Fictitious Currency’

An Islamic scholar, Irshad Ahmad Ijaz, has asserted that digital currency is not fake currency and that it should be legitimized once certain conditions are met. Ijaz’s viewpoint is echoed by other scholars that attended a seminar examining th...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Indonesian regulator takes cue from Islamic NGOs, bars crypto sales for institutions

The warning from the Financial Services Authority (OJK) comes on the heels of several calls for a crypto ban from Islamic NGOs in the country. Indonesia’s financial w...

Cryptocoins News / NewsBTC - 2 years ago

World’s Largest Islamic Country, Indonesia Forbids Crypto Trading

It doesn’t come as a surprise to many as Islamic societies are known to label cryptocurrency trading as a form of “Haram”. Many Islamic organisations in the past have condemned the trading of digital assets such as cryptocurrency an...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Indonesian Islamic organization issues new fatwa against crypto use

The fatwa points toward two critical issues with cryptocurrencies that make them illegal as an investment tool and a medium of exchange. The Tarjih Council and the Ce...

More / Bitcoin Reddit - 2 years ago

Recently Indonesian Muslim council released a Fatwa that Bitcoin is haram (not permissible)... This Islamic Sheikh explains eloquently that Bitcoin is in fact very HALAL (permissible)

submitted by /u/Shinamus [link] [comments]

Bitcoin News / Bitcoin.com - 2 years ago

Indonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims

Indonesia’s top Islamic body, the country’s authority on Shariah compliance, has reportedly declared cryptocurrency haram, forbidden for Muslims under Islamic law. The Indonesian Ulema Council explained that crypto has elements of uncer...

by COINS NEWS - 2 years ago

Muslims can’t trade crypto, says the head of Sharia compliance in the world’s largest Islamic country

submitted by /u/badaccountant28 [link] [comments]

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Indonesia’s national Islamic council reportedly declares Bitcoin haram

While the MIU is a government-funded organization, its latest decision is not legally binding in Indonesia. The National Ulema Council (MUI), Indonesia’s top Islamic...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Major Indonesian Islamic organization declares crypto 'haram' — or forbidden

The Indonesian Islamic group NU says crypto is too volatile to be legal under Islamic law. The East Java branch of one of Indonesia’s largest Islamic organizations Nah...

Bitcoin News / Bitcoin.com - 2 years ago

Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency

A provincial branch of one the largest Islamic organizations in Indonesia has declared cryptocurrency “haram,” or forbidden under religious law. The decision came after a “heated discussion” joined by a cry...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

DeFi can be halal but not DOGE? Decentralizing Islamic finance

While Islamic scholars have long wrestled with the question of whether cryptocurrency is halal, what if its really fiat that isnt permissible?Islam has strict rules a...

Bitcoin News / Bitcoin.com - 2 years ago

RNS Solutions & Trustedchain Are Developing Blockchain FinLit Platform for Islamic Development Bank

PRESS RELEASE. Pakistan: RNS Solutions Pte Ltd., the leading blockchain software development company from Pakistan, Korea, and Singapore this week announced a formidable partnership with the ICD-Islamic Development Bank Group, a multilateral developm...

by COINS NEWS - 2 years ago

Is staking considered interest, making it Haram in Islamic culture?

The title states my question neatly. With mass adoption of cryptocurrency nearing in the future, support from Islamic countries will be critically important, and I'm curious to learn how staking will be treated in regard to Islamic belief. Islam...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

New Australian Islamic finance DeFi platform is ‘guided by Sharia’

Islamic finance is not always compatible with DeFi's focus on risk and yield, but a new platform aims to blend the best of both. A team based out of Sydney is buildin...