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Author Topic: Islamic Bank of Bitcoin{}بنك بتكوين الاسلامي  (Read 106213 times)
cbeast
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Let's talk governance, lipstick, and pigs.


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July 12, 2014, 09:22:14 PM
 #521

Has anyone approached an Islamic brick and mortar bank regarding Bitcoin?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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October 02, 2014, 09:56:58 AM
 #522

I really didn't expect to find such a thing , nice Grin
Any recent updates ? your website seem to be off  Cry

                                 
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October 02, 2014, 10:00:19 AM
 #523

I really didn't expect to find such a thing , nice Grin
Any recent updates ? your website seem to be off  Cry


Check his last active day :



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October 02, 2014, 10:02:47 AM
 #524

I really didn't expect to find such a thing , nice Grin
Any recent updates ? your website seem to be off  Cry


Check his last active day :





Then I guess it's dead, thank you for answering mate  Cry  Cry

                                 
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October 12, 2014, 04:27:09 PM
 #525

Hi there,

   IBB is not dead, I just list interest due to other events in my life and lack of interested people. If there is anyone out there who wants to get involved, I am willing to devote time to it, but I threw some ideas out there and no one appeared who seemed interested, so we never got around to developing any of them. Senbonkazura has a new account, sondooq I believe, and has been active more recently. Please if anyone is interested in bringing this project out or hibernation, welcome to post here.
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October 12, 2014, 04:28:39 PM
 #526

Has anyone approached an Islamic brick and mortar bank regarding Bitcoin?


Not that I know of, but wouldn't the response to any conventional bank to bitcoin be understandably defensive?
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October 12, 2014, 04:32:33 PM
 #527

Why is the USD haram? I lived in the UAE and the dirham is pegged directly to the dollar (as other GCC countries do (?)). If the dollar is haram, isn't pegging to the dollar haram by association?


   Yeah, I just mean because I heard that Islamic law doesn't allow interest and requires financial instruments to be backed by real assets as opposed to derivatives, and dollar is issued by means of interest bearing bonds and is not backed with any real assets... but I am sure some scholars have researched this, feel free to post links..
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October 12, 2014, 04:45:51 PM
 #528

Why is the USD haram? I lived in the UAE and the dirham is pegged directly to the dollar (as other GCC countries do (?)). If the dollar is haram, isn't pegging to the dollar haram by association?

I am wondering this aswell.

Also my understanding of 'Haram' is something that was specifically forbidden by Allah while anything else is permissable by default.
Even if theoretically somebody did issue a Fatwah claiming we are not to use USD wouldent it techincally still not be classifiable as Haram?

And isn't it also an offence to claim something as Haram while it is not?
Need to be very careful when declaring something to be Haram, it is usually much better to claim it as being to be avoided.

Well interest is undoubtedly haram and the Fed issues dollars by means of interest bearing bonds. Also using the US dollar creates demand for USD which supports the value of USD, which maintains the military industrial machinery of USA, and thereby the killing of innocent people.


   Some Islamic scholars in the crusades, Ibn Taymiyyah I believe, said even if a Muslim gives a drink of water to an invading Crusader, this negates their Islam and makes them a traitor.

   So it is safe to say that interest is haram and supporting oppressive governments is haram. Whether using the US dollar constitutes involvement in these practices is up to debate. My personal opinion is that we should all strive to use bitcoin or other cryptoczrrencies more to free ourselves from the shackles of politicized currency... and ultimately this will make everyone better off. The goal of Islamic law, afrer all, is the greatest benefit of every individual and community, so what is harmful is haram and what is beneficial is halal.
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December 13, 2014, 03:44:51 PM
 #529

hello

i see the website is down

checking for the history of this i think this is a great idea
as well
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December 13, 2014, 04:36:24 PM
 #530

I think it's great idea, but how to make a loan here??
please answer it.. Smiley
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December 13, 2014, 04:43:36 PM
 #531

I think it's great idea, but how to make a loan here??
please answer it.. Smiley

The project seem to be dead mate , also the Original poster didn't connect since October 2013 .
just let it go  Roll Eyes

                                 
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dezoel
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December 13, 2014, 04:46:49 PM
 #532

I think it's great idea, but how to make a loan here??
please answer it.. Smiley

The project seem to be dead mate , also the Original poster didn't connect since October 2013 .
just let it go  Roll Eyes

heem, I see it...,
but I think this would be a great idea if alive till now... Smiley
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December 13, 2014, 04:50:39 PM
 #533

I think it's great idea, but how to make a loan here??
please answer it.. Smiley

The project seem to be dead mate , also the Original poster didn't connect since October 2013 .
just let it go  Roll Eyes

heem, I see it...,
but I think this would be a great idea if alive till now... Smiley

Yea , Bank interest free loans Grin We only find that on Muslim countries <3
Let's just hope that someone will make it again. Dubai is showing a big interesst on bitcoin

                                 
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dezoel
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December 13, 2014, 04:54:56 PM
 #534

I think it's great idea, but how to make a loan here??
please answer it.. Smiley

The project seem to be dead mate , also the Original poster didn't connect since October 2013 .
just let it go  Roll Eyes

heem, I see it...,
but I think this would be a great idea if alive till now... Smiley

Yea , Bank interest free loans Grin We only find that on Muslim countries <3
Let's just hope that someone will make it again. Dubai is showing a big interesst on bitcoin

yeah, I hope it too..., Cheesy
zamaliphe
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December 31, 2014, 10:38:47 PM
 #535

@all i'm interested in this idea

but we need a formula to create it in trusty way
if you are interested just pm me
i'm open to your idea on how we can secure the depositors money 
AcoinL.L.C
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December 31, 2014, 11:18:59 PM
 #536

@all i'm interested in this idea

but we need a formula to create it in trusty way
if you are interested just pm me
i'm open to your idea on how we can secure the depositors money 

You could use https://pledger.club to create and sign legally binding agreements with potential lendees

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semaforo
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January 05, 2015, 02:17:54 AM
 #537

I'm still interested in this project, would be happy to work with anyone who has idea/resources. I am also willing to invest more if thethere are interested people. Not dead, just in hibernation. Senbonkazura has another account, if you want to contact them just PM me.
ed_teech
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January 05, 2015, 07:06:31 AM
 #538

Hey, I'm from Iran and active in the field of banking here. If we can dig up anything together feel free to drop a message.
gnosteek
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January 06, 2015, 03:36:43 PM
 #539

dears, Hawala should use blockchain - it seems to me, that this technology was developed for this money transfer system! it really fits for 100%! Hawala bosses – it is your chance!!!
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