Bitcoin Start Up Finance Based On Islamic Sharia

[ChineTownMan]

If the project is not going right I would be happy with others, Muslim or not help make it possible by starting a project of our own.I am non-muslim and it would be good to have an interfaith team

Ehhh...how about having a money that has no fucking religious connection or importance to it at all?  Frankly I agree with the guy above who said that Islamic banking is full of stupid restrictions and so forth.  When you start to impose your delusion of god upon any banking system, guess what?  It will tend to be very messed up.  I could care less what muslims do with their money.  Keep religion out of it and fucking far away from this forum at least.

And you are right, you really are a religion and political issues better and do not understand, because they always make acrimony in human relationships. And we see illustrative examples around the world that a person's anger can create.

[lowbander80]

If the project is not going right I would be happy with others, Muslim or not help make it possible by starting a project of our own.I am non-muslim and it would be good to have an interfaith team

The main thing is that bitcoin does not begin to help terrorism. If good Muslims are engaged in crypto currency, then this is even good.

oh so the silk road was ok but Muslims are not, no wonder the world is in such a mess with the post's here

[Pearls Before Swine]

If the project is not going right I would be happy with others, Muslim or not help make it possible by starting a project of our own.I am non-muslim and it would be good to have an interfaith team

The main thing is that bitcoin does not begin to help terrorism. If good Muslims are engaged in crypto currency, then this is even good.

oh so the silk road was ok but Muslims are not, no wonder the world is in such a mess with the post's here

Nice straw man argument there.  Who said silk road was ok?  And Islam is responsible for a lot of the world's problems, and anyone denying that is lost beyond recovery.   Same is true for Judaism and Christianity and all the other popular delusions.   

What do you people expect when a thread about religion gets injected into a forum about money?  That's why this thread shouldn't exist.  Bitcoin should be religion free.

[bitcoinvestor]

Moslems are not terorists. Cryptocurrency is decentrelized and moslems have the right to use crypto because it is decentrelized.

[lowbander80]

Going back to the bible, Jesus threw the moneylenders and gamblers out of the temple.He never threw the currency after them. (this was in reply to a comment above that now has been removed)

[Mirconome]

Going back to the bible, Jesus threw the moneylenders and gamblers out of the temple.He never threw the currency after them.

Bitcoin and God are completely different things and you can not connect them in any way. Because this is a real blasphemy. And if we take the crypto-currency to link it with the Muslim faith, we will get an infernal mixture altogether.

[Thekool1s]

Well majority of Muslims are unaware of the current banking system. Interest is strictly forbidden for muslims, i have many friends, I have all asked them one simple question, "Do you know how does the banking system work?" All of them surprisingly did not have a single clue, We all know that the banking system is based on interest and when i revealed to them, they got shocked. But their response is usually that they can't do anything about it, It has become a norm to use the fiat, They can't buy stuff from local store etc. Which is kind of true, I believe if the awareness is spread among the Developing countries like Indonesia, India, Pakistan etc, Bitcoin's Price could Sky Rocket 10x or even 50x, But only if the awareness is spread. well that's my opinion.

[bitcoinvestor]

I haven't seen  developers of criptocurrency who are moslems. I just see the users. Once moslems developers of crypto exist in this world , I am sure many types or tokens or crypto will be developed spreadly by moslems community.

[unluckyben]

As I know there is know cheating in Islamic law in all aspects economy, law, and others. If there is a cheat, it is not the law of islam but the people who practice the law.

[btccashacc]

I haven't seen  developers of criptocurrency who are moslems. I just see the users. Once moslems developers of crypto exist in this world , I am sure many types or tokens or crypto will be developed spreadly by moslems community.

I think Mathew (the guy who created this project) is the first one though he just converted to Islam about 5 years ago, and this is also the first project based on Islamic Sharia. However, there are many projects that many Moslems out there wants like creating a project or something that helping Moslems for paying shadaqah (charity) or zakat, cause in Islamic perspective Sadaqah should always be given secretly which is really fit with bitcoin or cryptocurrency nature the "anonymity" It's gonna be awesome.

[iv4n]

I haven't seen  developers of criptocurrency who are moslems. I just see the users. Once moslems developers of crypto exist in this world , I am sure many types or tokens or crypto will be developed spreadly by moslems community.

I think Mathew (the guy who created this project) is the first one though he just converted to Islam about 5 years ago, and this is also the first project based on Islamic Sharia. However, there are many projects that many Moslems out there wants like creating a project or something that helping Moslems for paying shadaqah (charity) or zakat, cause in Islamic perspective Sadaqah should always be given secretly which is really fit with bitcoin or cryptocurrency nature the "anonymity" It's gonna be awesome.

This will bring Muslim community closer to crypto world. Most of the Muslim countries are very closed, and we will see how will they accept this in some of their strongholds. Good that they are doing something on this filed, crypto currencies have advantages over fiat for them and if they see that we can have more people involved. This is the first time that I hear for this kind of projects, we will see how big success will they make, and will there be some new services for Muslim community.

[Doell]

Sometimes the reality is difficult, the struggle needs sacrifice and not as easy as reversing the hand.
I'm very happy to see the project Bitcoin Start Up Finance Based On Islamic Sharia .. keep the spirit with his project. Do not give up will live ..
I will keep monitoring this thread. GL

[Zadicar]

I haven't seen  developers of criptocurrency who are moslems. I just see the users. Once moslems developers of crypto exist in this world , I am sure many types or tokens or crypto will be developed spreadly by moslems community.

I think Mathew (the guy who created this project) is the first one though he just converted to Islam about 5 years ago, and this is also the first project based on Islamic Sharia. However, there are many projects that many Moslems out there wants like creating a project or something that helping Moslems for paying shadaqah (charity) or zakat, cause in Islamic perspective Sadaqah should always be given secretly which is really fit with bitcoin or cryptocurrency nature the "anonymity" It's gonna be awesome.

This will bring Muslim community closer to crypto world. Most of the Muslim countries are very closed, and we will see how will they accept this in some of their strongholds. Good that they are doing something on this filed, crypto currencies have advantages over fiat for them and if they see that we can have more people involved. This is the first time that I hear for this kind of projects, we will see how big success will they make, and will there be some new services for Muslim community.

Mainly it would really affect bitcoins price since adoption does increase but we should really think up also on negative side some of them will surely use it to transfer money on hidden way.Not being sarcastic but knowing muslims they are really have some intent.
Move on, back to topic this is really a good news because bitcoins adoption is already spreading.

[dihari]

I haven't seen  developers of criptocurrency who are moslems. I just see the users. Once moslems developers of crypto exist in this world , I am sure many types or tokens or crypto will be developed spreadly by moslems community.

This is it
https://bitcointalk.org/index.php?topic=1884084.0

[Idrisu]

Matthew J. Martin is a 30-year-old who grow up in Earlville, New York as the son of a teacher and a skilled blue collar worker. He now lives in San Francisco, where he is building a business around using Bitcoin to allow Muslims around the world to participate in finance without breaking Islamic law.

Blossom is now based in Indonesia, where there is a demand for Islamic finance. While there wasn't enough demand for Islamic financing in the US, the opposite is true in Indonesia, where there are more than 200 million Muslims, according to Pew Research. "Eighty percent of the population is 'unbanked,'" Martin said. "There is a huge need for investment capital."

Blossom recently got its first investment from BMT Nusantara Condet, a financial institution that operates under Islamic principles.

"This investment will help 10 to 20 micro businesses within Indonesia to expand," Martin said. "The idea of helping people create their own businesses to earn a decent living holds a special place in my heart."

https://motherboard.vice.com/en_us/article/the-bitcoin-startup-that-helps-muslims-get-loans-without-breaking-islamic-law

Mathew j. Martin for me this is a great idea and we have to encourage you either Muslim or nor muslim. The sharia laws did not enable payment of interest on lending or loans and if this coin will provide for that I think it  is a great relieved for some muslim who loves crypto currencies and what to do business with it.

[bitcoinvestor]

There are many financial system in islam that needs trusted, fast, and acurate applicatoin such as zakat, sodaqoh and infaq. Financing in business in islamic law also needs transparancy. Blockchain tech fits with the islamic financing I think.

[mattermaster]

I think there are many prohibited terms for a human in the religion Islam due to which a perfect muslim regrets to follow some internet related businesses. So, there are much probabilities in Onegram to be followed by millions of muslims as it is a sharia (Islam) complaint.

[bitcoinvestor]

I think there are many prohibited terms for a human in the religion Islam due to which a perfect muslim regrets to follow some internet related businesses. So, there are much probabilities in Onegram to be followed by millions of muslims as it is a sharia (Islam) complaint.

It depends on onegram developers. Are they really going to bring muslims to better financial system or just to make profit from the abundant source of wealth of muslims community. As a muslim I am searching the best and no sharia complaint to keep the money. How onegram aswer this challenge?

[stergium]

Well majority of Muslims are unaware of the current banking system. Interest is strictly forbidden for muslims, i have many friends, I have all asked them one simple question, "Do you know how does the banking system work?" All of them surprisingly did not have a single clue, We all know that the banking system is based on interest and when i revealed to them, they got shocked. But their response is usually that they can't do anything about it, It has become a norm to use the fiat, They can't buy stuff from local store etc. Which is kind of true, I believe if the awareness is spread among the Developing countries like Indonesia, India, Pakistan etc, Bitcoin's Price could Sky Rocket 10x or even 50x, But only if the awareness is spread. well that's my opinion.

but there are a lot of banks that are operating in Muslim countries. even some countries are claiming that they are working according to the slamic sheri law. for example, United bank LTD, Habib bank LTD, National Bank. Allied Bank, Muslim Commercial bank. Bank al islami. First women bank, Khyber Bank. Bank of Punjab and many more are operating in a Muslim state.

[bitcoinvestor]

There are moslems that hold islamic sharia stritctly and some others are not. In indonesia most worker in conventional banks are moslems. However, in era of 90, Intelectual moslems appear to pioneer Sharia Compliant Banking Industry. In indonesia there are Muamalat Bank, BNI Syariah Bank, BRI Syariah Bank, Mega Syariah Bank, And many others, The growth of shariah banks are amazing. It means that moslems are waiting the financial institution that sharia compliant.