Muslim Bitcoiner

[amarjoss]

thank you very much for all the respons guys

[recitestores]

Waalaikumsalam brother, I'm from Indonesian true, about HYIP you can check biz-syariah.blogspot.com

And please share it
Syukron

[gtglener]

Where is the Fatwah on Bitcoins?

fatwah against bitcoin does not yet exist? but I think bitcoin is a legitimate transaction

I am wonder that what are you people saying, what is the problem in a new currency, there are thousands of currencies available on this earth and the muslims and people from other religions are using it for their life then why will a religion ban bitcoin?

[Superways]

Assalamualaikum everyone..
I am Muslim and i have been using bitcoin for several months. I just learn bitcoin and i saw many a lot of devious scheme to earn bitcoin. Just like HYIP, PONZI, Gambling, Bet etc.I am very afraid of RIBA. therefore, for guidance and assistance will be appretiated

Thanks

Yeah you are absolutely right for that point. There is so many scheme in bitcoin life and also the most activities is gambling related. So you should be careful with that. I know what do you feel, because I always selective when i looking for bitcoin even i selective when i decided to join a signature campaign. But keep in right way dude because still many like you here.

I think people should have to consider bitcoin as a currency and have to follow all the rules which are provided to them by their religion about money and currency with that they will be in convenience regarding to any decision the take, i.e interest on loan in Islam and some other religions are banned so people should not have to take interest even when they get a loan in bitcoin.

[Labumi]

Assalamualaikum everyone..
I am Muslim and i have been using bitcoin for several months. I just learn bitcoin and i saw many a lot of devious scheme to earn bitcoin. Just like HYIP, PONZI, Gambling, Bet etc.I am very afraid of RIBA. therefore, for guidance and assistance will be appretiated

Thanks

Yeah you are absolutely right for that point. There is so many scheme in bitcoin life and also the most activities is gambling related. So you should be careful with that. I know what do you feel, because I always selective when i looking for bitcoin even i selective when i decided to join a signature campaign. But keep in right way dude because still many like you here.

I think people should have to consider bitcoin as a currency and have to follow all the rules which are provided to them by their religion about money and currency with that they will be in convenience regarding to any decision the take, i.e interest on loan in Islam and some other religions are banned so people should not have to take interest even when they get a loan in bitcoin.

I think the bitcoin is not the currency sign at the RIBA. because the currency is very clear and bitcoin no pieces that go on usury. All systems are also extremely normal and not breaking in the teachings of Islam. Bitcoin it real currency and can be used wherever and whenever.

[Vikingr]

Where is the Fatwah on Bitcoins?

fatwah against bitcoin does not yet exist? but I think bitcoin is a legitimate transaction

I also think that bitcoin is a legit transaction and there is nothing bad in bitcoin and transaction through bitcoin, but I will say that Muslims should have to favor this currency most as the Muslims are claiming for the welfare of the people and so bitcoin is benefiting everyone financially.

[bitbunnny]

It's good to see that Bitcoin has united so different people, different nations, religions, parts of the world.  This is also one of the Bitcoin advantages.

[novemberwoah]

It's good to see that Bitcoin has united so different people, different nations, religions, parts of the world.  This is also one of the Bitcoin advantages.

Yes true for Muslims who are prohibited from gambling can use the signature campaign or other lawful means.

[c789]

I needed to search what Riba means: https://en.wikipedia.org/wiki/Riba

Based on what I understand (please correct me if I'm wrong), gambling is not unjust. Because in a gambling game, both parties agreed on their wagers. But scams/ponzis/hyips in the bitcoin world is surely Riba.

 Riba is interest charged on a loan.  It literally means "excess"
Scams, Ponzis and hyips are either Maysir or Gharar both of which are forbidden under the Shariah.  I'm not a Muslim but I know gambling is expressly forbidden.  You might as well dye your hands in pig's blood as gamble.

Based on the definitions, I would think even mining of bitcoin would fall under Maysir unless you are considering it a hobby.  If it is done for investment, it is probably forbidden.


Ramadan Mubarak.

You got it. Thank you for clarifying. I imagine now how hard it is to be a Muslim.

That's nothing. Imagine how hard it is to be a non-muslim in a muslim country.

[daarul50]

Where is the Fatwah on Bitcoins?

fatwah against bitcoin does not yet exist? but I think bitcoin is a legitimate transaction

I also think that bitcoin is a legit transaction and there is nothing bad in bitcoin and transaction through bitcoin, but I will say that Muslims should have to favor this currency most as the Muslims are claiming for the welfare of the people and so bitcoin is benefiting everyone financially.

if I get the money or the bitcoin not by harming others, then the currency transactions can not be said to be haram, because in ancient times also apply the law of barter in buying and selling.

[Crazygreek]

It's good to see that Bitcoin has united so different people, different nations, religions, parts of the world.  This is also one of the Bitcoin advantages.

I think that it's not bitcoins's merit, you will not see difference if you will give to other people 1 million dollars, he will be so happy But anyway it's good.

[Cashsyur]

use bitcoin for "halal transaction" like buying pizza it's halal.
bitcoin is like normal currency

[pandalion98]

Just be careful and don't be stupid. You will be okay.

If you are in doubt about something (store, exchange, service, etc.), ask a reputable member from the forums.

Good luck!

[groll]

Assalamualaikum everyone..
I am Muslim and i have been using bitcoin for several months. I just learn bitcoin and i saw many a lot of devious scheme to earn bitcoin. Just like HYIP, PONZI, Gambling, Bet etc.I am very afraid of RIBA. therefore, for guidance and assistance will be appretiated

Thanks

Hi amarjoss, when did you start using bitcoin by the way? Well you didn't make wrong decision. Investing it bitcoins are good just make sure that you know very much where you are investing your money at. I also have a question, what is RIBA?  Is it a site? HYI

[eaLiTy]

What is RIBA?

Muslim bitcoiners are great when you guys get involved in the lending business, interest free loans!  

"Riba is a concept in Islamic banking that refers to charged interest. It is forbidden under Sharia, Islamic religious law, because it is thought to be exploitive. Depending on the interpretation, riba may only refer to excessive interest; however to others, the whole concept of interest is riba, and thus is unlawful." -Wikipedia.

The point is, riba is if you gain wealth from unjustified religion rules.

Thanks for welcoming us!

its funny to hear this concept ,as far i know the history of the religion itself is formed as hire for protection,which is taking money for the protection of their life. i didn't mean to hurt anyone's feelings,and how come you can consider muslim's to be giving out interest free loans,as far as history goes they are the first international business people who traveled around the world.

[digo]

everything you mentioned it is not worth for a Muslim. but you can grow in a way that is more appropriate, such as the signature campaign and trading.

[novemberwoah]

everything you mentioned it is not worth for a Muslim. but you can grow in a way that is more appropriate, such as the signature campaign and trading.

Yes very true for a Muslim it is not permissible for violating religious rules. Might try such a signature campaign, selling services, trade.

[daarul50]

everything you mentioned it is not worth for a Muslim. but you can grow in a way that is more appropriate, such as the signature campaign and trading.

precisely, signature campaign and trading is very beneficial for bitcoiner Muslim. they can earn lawful money of the two.

[delliaerd]

everything you mentioned it is not worth for a Muslim. but you can grow in a way that is more appropriate, such as the signature campaign and trading.

precisely, signature campaign and trading is very beneficial for bitcoiner Muslim. they can earn lawful money of the two.

You are right trading is best ways to take bitcoin in halal ways and it is don't have relations with gambling or betting. But you can not sure  that all of signature campaign is good for muslim.
There is  some signature campaign, sorry i mean majority of signature campaign is the campaign from gambling and betting site. Did you think from where they pay their campaigner ? I know that not every muslim give attention about that ! *cmiiw

[amarjoss]

thank you everyone