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Author Topic: Islamic Bank of Bitcoin{}بنك بتكوين الاسلامي  (Read 112740 times)
gilangIDR
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February 04, 2018, 11:36:02 AM
 #561

what's the point for creating this bank and why it's islamic  ??
Because Islam has regulated everything in their follower's life including the economic system, so they need a bank based on Islam regulation or rules, for example, Islam prohibits riba ( riba : when you give me a 10 $ loan, but i have to pay back 15 $, the 5$ is riba ) hmm but i don't know that it is necessary since i heard that in arab bitcoin is banned by the mufti, they said that transaction with bitcoin is haram.
Should bank-making based on Islamic religion that can be made by complying with all the rules in accordance with the teachings of Islamic religion. Some rules like usury should be abolished and the purpose of bank loans is only to help many people without expecting more pay or interest. The Saudi Arabian announcement of bitcoin as a forbidden thing is one of the bad news for bitcoin, but I think everything we get from halal things will make it halal. Everyone has different views and I think we should respect each other's opinions. Islam teaches us to a tolerance, everybody's opinion should be appreciated.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Aveatrex
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February 04, 2018, 01:36:09 PM
 #562

what's the point for creating this bank and why it's islamic  ??
Because Islam has regulated everything in their follower's life including the economic system, so they need a bank based on Islam regulation or rules, for example, Islam prohibits riba ( riba : when you give me a 10 $ loan, but i have to pay back 15 $, the 5$ is riba ) hmm but i don't know that it is necessary since i heard that in arab bitcoin is banned by the mufti, they said that transaction with bitcoin is haram.
Should bank-making based on Islamic religion that can be made by complying with all the rules in accordance with the teachings of Islamic religion. Some rules like usury should be abolished and the purpose of bank loans is only to help many people without expecting more pay or interest. The Saudi Arabian announcement of bitcoin as a forbidden thing is one of the bad news for bitcoin, but I think everything we get from halal things will make it halal. Everyone has different views and I think we should respect each other's opinions. Islam teaches us to a tolerance, everybody's opinion should be appreciated.
If it's true that Saudi Arabia banned Bitcoin because they think it's not halal, then they are deeply wrong about this.
Bitcoin is more halal than banks monetary system, as it is proven mathematically proven that you own Bitcoin while when having money in your bank account, you don't really know how banks use that money ( lending it, doing unknown projects etc..)






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semaforo
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February 06, 2018, 06:34:26 AM
 #563

It's a good way to stabilize crpyto price. Nowadays, there are so much coin with a huge fee. I think it was a new order to reach goals for every Investor. I'm muslim too, it's not about the religion, but it's all about a perfect amenities for each other. Smiley

 Yes you are right, ultimately Muslim just means a person who is submitted to and in harmony with natural and moral law. The purpose of Islam is simply to make maximum benefit and minimum harm. This is why Islam is an expression of mercy, alhamdulillah.
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February 06, 2018, 06:35:55 AM
 #564

what's the point for creating this bank and why it's islamic  ??

The purpose of the IBB in the beginning was to provide interest free loans to the bitcoin community, for the development of the bitcoin infrastructure.

 Any type of work benefits from financing, and interest free financing is much better for society, especially in the long run.
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February 06, 2018, 06:38:49 AM
 #565

Quite interesting thread.
I believe theres alot more coming from this. From my point of view, its great to see this but the debate discussion here seems shallow. Is there any real life shariah law banking personnel here?
Perhaps this people can give their point of you.



  I was involved with the IBB when we were still giving loans, however I was the main person in charge and we stopped working due to concerns about if some of our practices were halal. I have since done a lot of research about the ideal way to do finance in Islam. We are currently working on the successor to the IBB, and we do have contact with at least on shariah compliance officer and one Ph. D. in Islamic banking who may become a full advisor. If you have any questions or would like to discuss you would be welcome to join our Discord.
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February 07, 2018, 10:56:37 AM
 #566

Danijel Habek
danijel.habek@ib-bitcoin.com


IBB - Islamic Bank of Bitcoin مصرف بتكوين الاسلامي
*Interest Free loans

*Musharakah - Joint Venture

Danijel Habek named as new CEO of Islamic Bank of Bitcoin

The Islamic Bank of Bitcoin, a Bitcoin banking company operating on Islamic Sharia financial principles, today announced the appointment of their new CEO Danijel Habek. Mr. Habek will immediately assume responsibility for all Islamic Bank of Bitcoin operations and strategy. Mr. Habek brings a lifetime of business experience to his new role. He replaces a shareholder who previously had interim CEO responsibilities.

“I look forward to bringing my experience and leadership to the Islamic Bank of Bitcoin” said Mr. Habek. “In my new role as Chief Executive, I will be responsible for establishing a permanent and useful web presence for the IBB, investing in new joint ventures, and continuing our program of interest free loans.”

“The IBB is at the forefront of Bitcoin finance” continued Mr. Habek. “We believe that finance based on Islamic principles is an incredibly beneficial thing for Bitcoin. Having a strong Islamic bank that is prepared to share profit and risks in joint ventures could significantly boost the Bitcoin economy.”

Mr. Habek has been a supporter of the IBB almost since day one, buying a significant amount of shares. All of his share dividends have been ploughed straight back into the bank. “Right away I saw the potential” said Mr. Habek. “I saw how the IBB could benefit the community by helping enterprising people get their Bitcoin business ideas off the ground. That, in turn, benefits all of us.  The religious aspect aside, Sharia banking principles fit perfectly with our early stage economy. They are tailor made for getting things off the ground.”

Mr. Habek’s first task will be to refine the IBB business plan and continue to sell IBB’s new issue of shares on Cryptostocks.com. The resulting capital raised will be spent on a secure and functional new IBB website, investments in new joint ventures, continuing interest free loans, infrastructure lease, and other expenses. He will also be tasked with reassuring IBB customers and shareholders after the migration to Cryptostocks in the aftermath of the GLBSE collapse.

“Our function is to help people reach their goals,” said Mr. Habek. “I intend to run the bank according to that principle. Whether we’re helping people with small loans, getting involved in exciting joint ventures, or engaging in some other type of activity, I will always bear that in mind.”

Danijel Habek is a longtime IT entrepreneur with an intimate understanding of business. After a long and celebrated career as an IT professional, he set up his own IT business in 2003. Since then he has worked on a large number of successful IT projects. Mr. Habek is also known as a man with an exceptional community spirit. He often volunteers his time and expertise to IT projects surrounding his local Sporting Association.

About the Islamic Bank of Bitcoin

The Islamic Bank of Bitcoin is a Sharia compliant Bitcoin banking organization that offers interest free loans and shared profit/loss joint ventures to people of all faiths in the Bitcoin community.

Contact Information

Islamic Bank of Bitcoin
Danijel Habek
danijel.habek@ib-bitcoin.com
http://www.ib-bitcoin.com/

----

IBB Joint Ventures - Musharakah


www.BitcoinStarter.com , Kickstart your project with Bitcoins - crowdsourced funding , a platform to raise funds (using Bitcoins)
  







Ticker IBB , listed at www.CryptoStocks.com

This would be great though and good to hear but to be honest I am not aware of this  and thanks that now I know , and doing a search about it , this would be great and it would open a lot of opportunities.

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February 07, 2018, 02:56:24 PM
 #567

Muslims are still in doubt about Bitcoin's law, how to explain to them that they understand this teknoogi.
This idea is very good, but I am afraid many will refuse and consider this usury like a conventional bank.
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August 09, 2019, 02:23:38 PM
 #568

Looking for these checks...if anyone has any please PM me..thanks!

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