Islamic Bank of Bitcoin{}بنك بتكوين الاسلامي

[myrkul]

Snagged a few more shares, and now the price is up to 0.90. If I had more to spend, I'd buy more. You've given me good, steady returns.

thank you, lets hope another good year for IBB , did you get an IBB cheque by the way?

I did, one of those codes up there was redeemed by me. Haven't received it yet, But I look forward to it.

[ingrownpocket]

Here's my cheque:

 

[Hunterbunter]

Snagged a few more shares, and now the price is up to 0.90. If I had more to spend, I'd buy more. You've given me good, steady returns.

I agree, senbonzakura's made a great effort towards IBB, and I commend him for it. I think there are many people who don't believe something like IBB can work and generate a profit, but it's clear that it can. It's nice to invest in something that you can actually see the productive value of.

[myrkul]

if you bought 200 IBB shares 1 year ago ( @ 0.10 btc , 20 btc)

and sold them now ( @ 0.90 btc , 180 btc ) , profit 160 btc profit

Yes, but why would I want to do that?!?

[Fiyasko]

I got my IBB cheque!, And i must say, Great work!
Just one question though, Once I am able to see the private key, What do i do with it to claim the funds?, Im sure this information is written down somewhere....

[senbonzakura]

IBTB prize winner , Scott J

[senbonzakura]

Report July 2012

Income / Revenue

• Shares = 1.84346524 BTC
• Last Report= 9.00566538 BTC

Loans

• -------------------------------Repaid----------------------------------------------------------------------------------------
• 5.0 BTC loan to JackRabiit payback - 18/7/12 https://bitcointalk.org/index.php?topic=91039.0 {paid back + 0.10}
• 3.0 BTC loan to AndrewBUD payback - 12/7/12 https://bitcointalk.org/index.php?topic=91780.0 {paid back}

• 2.0 BTC loan to TehZomB payback - 16/7/12 https://bitcointalk.org/index.php?topic=92273.0 {paid back + 0.05}
• 23.0 BTC loan to dank payback - 22/7/12 https://bitcointalk.org/index.php?topic=93238.0 {paid back}
• 10.0 BTC loan to LoupGaroux payback - 30/7/12 https://bitcointalk.org/index.php?topic=90912.0 {paid back + 0.50}
• 0.30 BTC loan to Niann payback - 23/7/12 https://bitcointalk.org/index.php?topic=94391.0 {paid back + 0.03}
• 7.0 BTC loan to Trini8ed payback - 17/8/12 https://bitcointalk.org/index.php?topic=96002 {paid back }
• --------------------------------Default---------------------------------------------------------------------------------------
• none

Donation:-
1.25954634
Expenses:-
25 MergedMining shares - 3.906995
7Seas fund - 6.86

total =2.02168196 net profit/revenue->$26.43 @ current market rate
{11.29306752 BTC dividends paid on 30/8/11} (0.0065057277 per share)
{2.0077597 BTC dividends paid on 30/9/11} (0.0020077597 per share)
{2.0065126 BTC dividends paid on 01/11/11} (0.0020065126 per share)
{1.298860 BTC dividends paid on 30/11/11} (0.0012886 per share)
{10.30000 BTC dividends paid on 26/1/12} (0.0103 per share)
{5.00 BTC dividends paid on 29/2/12} (0.005 per share)
{6.00 BTC dividends paid on 31/3/12} (0.006 per share)
{2.00 BTC dividends paid on 30/4/12} (0.002 per share)
{2.00 BTC dividends paid on 31/5/12} (0.002 per share)
{5.00 BTC dividends paid on 01/7/12} (0.005 per share)

Dividends will be paid on 31th July -2.0 BTC will be paid (0.002 per share)

[Vernon715]

Why is this still in project development? It seems very well developed.

[myrkul]

Why is this still in project development? It seems very well developed.

Nobody's bothered to move the thread, I think. it's no big deal, though it should be over in Lending.

[Vernon715]

Why is this still in project development? It seems very well developed.

Nobody's bothered to move the thread, I think. it's no big deal, though it should be over in Lending.

It does get annoying at times.

[senbonzakura]

{Dividends} Statement Release 31/07/12

IBB shares 0.64 BTC 31/07/12.
2.00 BTC in total will be paid out in dividends to 1000 shareholders, each share will receive 0.002 BTC.
CEO
IBB - Islamic Bank of Bitcoin
www.ib-bitcoin.com

[Danijel Habek]

Got it!
Thanks Senbonzakura and IBB.

[cbeast]

I got my copy. Good job!

[silvertree]

Are these cheques a physical bitcoin?
If so how do i buy one?
With cash if possible.

[Danijel Habek]

Are these cheques a physical bitcoin?
If so how do i buy one?
With cash if possible.

You have to "load" or send any desired amount of bitcoins to the address found on the cheque, then it becomes a physical bitcoin note.
I'm not sure how to buy some with cash, but maybe you can ask Senbonzakura to give you a redeem code for one for free.
You can check with cheque producer if there's a way to buy them as cash in mail on his website or on the forum.
You can pay in bitcoin with some sort of cash through options on BitInstant if you're in US, Russia or Brasil, or send cash through a bank to exchange and get  a redeemable exchange codes from BitStamp or MtGox, if you're in some other country (Ireland? Greets from Croatia!).

Or

You can print your own bitcoin note such as this one for the same effect of having a paper bitcoin note, if you do not need security properties such as peelable sticker hologram on a cheque.

[silvertree]

Are these cheques a physical bitcoin?
If so how do i buy one?
With cash if possible.

You have to "load" or send any desired amount of bitcoins to the address found on the cheque, then it becomes a physical bitcoin note.
I'm not sure how to buy some with cash, but maybe you can ask Senbonzakura to give you a redeem code for one for free.
You can check with cheque producer if there's a way to buy them as cash in mail on his website or on the forum.
You can pay in bitcoin with some sort of cash through options on BitInstant if you're in US, Russia or Brasil, or send cash through a bank to exchange and get  a redeemable exchange codes from BitStamp or MtGox, if you're in some other country (Ireland? Greets from Croatia!).

Or

You can print your own bitcoin note such as this one for the same effect of having a paper bitcoin note, if you do not need security properties such as peelable sticker hologram on a cheque.

Thanks..I think i am getting it
So when you load the cheqe the bit coins are in the Islamicbank untill cheque is redeemed?

[Danijel Habek]

Thanks..I think i am getting it
So when you load the cheqe the bit coins are in the Islamicbank untill cheque is redeemed?

No. The bitcoins are never in Islamic Bank of Bitcoin account using this cheque, that paper cheque is just a medium to store address info and spending key.
Here you can read nicely done review and how to use the cheque.

[silvertree]

Thanks..I think i am getting it
So when you load the cheqe the bit coins are in the Islamicbank untill cheque is redeemed?

no , the cheque itself has private key hidden under the hologram, the 'islamic bank' doesnt hold your coins, its in the cheque itself, if you lose your cheque then you lose your BTC

if you go to bitaddress.org you get something like this

 Bitcoin Address: 1AY3EJSzzqU4HKsEiynm56xuy3NQdqY9go
Private Key (Wallet Import Format): 5KjuK5qoz9cQ5bdfYo7Vm2yhJZ5EUbPYVqdqAV7Ry8ftH4VkRWg

you keep the private key secret, if someone finds out the key, they can use it to steal your btc

Is it like having my wallet on a peice of paper?
If i ever manage to buy some bitcoin i have them sent to the address on the cheque?
And there is no trace of the transaction on my computer?

[myrkul]

Is it like having my wallet on a peice of paper?
If i ever manage to buy some bitcoin i have them sent to the address on the cheque?
And there is no trace of the transaction on my computer?

You could use it as a paper wallet, I suppose. The idea is that it's a paper wallet you can hand to someone like a cheque.

[silvertree]

Is it like having my wallet on a peice of paper?
If i ever manage to buy some bitcoin i have them sent to the address on the cheque?
And there is no trace of the transaction on my computer?

You could use it as a paper wallet, I suppose. The idea is that it's a paper wallet you can hand to someone like a cheque.

Now i think i am getting it..How would i cash the cheque or move the coins to an online wallet to spend them?

Thanks for your time BTW..I am really not technicly minded as is obvious..lol