Muslim Bitcoiner

[Digital_Lord]

Walekum Salam and Welcome to the bitcointalk forum. I saw there are lots of muslims using bitcoin and adopting bitcoin which is very good to be true. Muslims are now getting interest in every field.. nice to see these activity of muslims.

I am using this forum and bitcoin since last 2 years.

Good luck

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[Kakmakr]

I do not know, if this site is Halal, but they trying to warn people about Ponzi's / HYIP / Scams etc. Give it a try to avoid most of the stuff going on in this sphere. http://www.badbitcoin.org/ Bitcoin is just a form of money, so you have to see it that way. You guys should create a Halal site to assist the people in your religion, if you feel strongly about this. We will use the rest, regardless. ^smile^

[Whosdaddy]

Your religion has nothing to do with bitcoin ecosystem in my opinion. (Better you can edit your title, just a suggestion). You can be always being conscious about following your religion principles like what you're doing with fiats. Bitcoin is virtually nothing different from fiats.

[bloodnest]

Bitcoin might used for such devious purposes online but the same thing goes also for your usual fiat currency. Bitcoin is just another type of currency, it can either be used for good or bad like any other thing in this world but there has to be emphasis put that it is not exclusive for just doing bad.

[mkc]

I worked for a wealth management company, and we had Muslim clients.
They don't want to own tobacco, alcohol company, so we will create a special SP 500 companies index, but remove such companies from the index.
Interesting experience.

[amarjoss]

Oh please don't get religion involved in Bitcoin. Can the mods please remove this discussion?

Im so sorry, but my life based on the teachings of my religion. including this case 

If you dont like this, dont enter or even comment it brother. simple as that.

[amarjoss]

Is interest against Muslim rule?
Will you make interest free loan?

Yep, it prohibited.
Of course, BIG NO 

[rio3233]

How about signature campaign ? Is this include RIBA or not ? Because we promote their websites, about gambling websites or other else. anyone can explain ?

[Bitinity]

How about signature campaign ? Is this include RIBA or not ? Because we promote their websites, about gambling websites or other else. anyone can explain ?

I believe Moslems will say it as RIBA as well, especailly promoting something that is illegal like gambling site is called by "HARAM" iirc. I'm not a moslem but I appreciate their rules.

@OP : if you think that something is prohibited by your religion, so better to avoid it.

Question for OP as a moslem : how about abusing a faucet site? Is it a "Haram"? I see many people abusing freebitcoin faucet by having so many accounts.

[amarjoss]

How about signature campaign ? Is this include RIBA or not ? Because we promote their websites, about gambling websites or other else. anyone can explain ?

If signature campaign we do is gambling site, of course its haram (for muslim). Because we directing people to the wrong way. CMIIW

[BTCLovingDude]

Is interest against Muslim rule?
Will you make interest free loan?

Yep, it prohibited.
Of course, BIG NO 

please don't spread false information.

interest is not against any rules in Islam. the prohibition is about Riba or in other words Usury (which is a particular type of interest) and it is not restricted to only Islam there is same rules in other religions too.

https://en.wikipedia.org/wiki/Riba
https://en.wikipedia.org/wiki/Usury

[amarjoss]

How about signature campaign ? Is this include RIBA or not ? Because we promote their websites, about gambling websites or other else. anyone can explain ?

I believe Moslems will say it as RIBA as well, especailly promoting something that is illegal like gambling site is called by "HARAM" iirc. I'm not a moslem but I appreciate their rules.

@OP : if you think that something is prohibited by your religion, so better to avoid it.

Question for OP as a moslem : how about abusing a faucet site? Is it a "Haram"? I see many people abusing freebitcoin faucet by having so many accounts.

Its exactly prohibited in our religion. We have rules that forbid us to do trickery.

I think actually most people realize that abusing faucet site is wrong if they still use their heath  

[romero121]

Is interest against Muslim rule?
Will you make interest free loan?

That won't happen with everyone. Some exceptions might be there because I have seen few Islamic banks in UAE, which won't pay interest for our saving but provides loan and cards with the interest.

[StoreBit]

many and  so many I think. there are a lot of muslims who are ingage in bitcoin. i think there is no restriction on bitcoin in islam. i personally know so many muslims who are involve in bitcoin.

[lumeire]

Is interest against Muslim rule?
Will you make interest free loan?

That won't happen with everyone. Some exceptions might be there because I have seen few Islamic banks in UAE, which won't pay interest for our saving but provides loan and cards with the interest.

Talk about business. Isn't that playing the rules for their benefit?

I always get nervous trading with names like Muhammad for fear of it being terrorist shit... not to be racist or anything.

Seems to me you've been heavily influenced by media.

[sbtctalk]

Is there a fatwa (religious ruling) that gives guidance on the use of Bitcoins?

[Slark]

What is RIBA?

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

Don't be fooled by their 'no interest' policy is not ideal and there are actually ways to go around it. Banking in Muslim countries might be different from western approach, but believe me, they will make you pay.

Is interest against Muslim rule?
Will you make interest free loan?

That won't happen with everyone. Some exceptions might be there because I have seen few Islamic banks in UAE, which won't pay interest for our saving but provides loan and cards with the interest.

So they are started to do it more bluntly and openly? They are not covering 'no interest loans' with additional - 'operational fees' instead anymore? Interesting.

[kaltun]

i think when you are speculating with altcoins (eg at exhange servers), its the same like gambling. so in mine opinon is it HARAM. mining is working so not HARAM
using bitcoin like money, to pay and sell stuff is not HARAM.

THIS IS MY OPINION....

for the rest ALLAH knows better

[kaltun]

What is RIBA?

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

Don't be fooled by their 'no interest' policy is not ideal and there are actually ways to go around it. Banking in Muslim countries might be different from western approach, but believe me, they will make you pay.

Is interest against Muslim rule?
Will you make interest free loan?

That won't happen with everyone. Some exceptions might be there because I have seen few Islamic banks in UAE, which won't pay interest for our saving but provides loan and cards with the interest.

So they are started to do it more bluntly and openly? They are not covering 'no interest loans' with additional - 'operational fees' instead anymore? Interesting.

you forgetting one thing, a bank or lender has to calculate some profit , to existing so they calculating some profit, but this much less then a interest. the calculating amount is known, but an interest can increase alot

[saddampbuh]

you are going to hell for sure, stay away from btc