Islamic Bank of Bitcoin{}بنك بتكوين الاسلامي

[Orangina]

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

[redsn0w]

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

Check his last active day :

[Orangina]

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

Check his last active day :

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

[semaforo]

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.

[semaforo]

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?

[semaforo]

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..

[semaforo]

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.

[zamaliphe]

hello

i see the website is down

checking for the history of this i think this is a great idea
as well

[dezoel]

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

[Orangina]

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

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

[dezoel]

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

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

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

[Orangina]

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

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

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

Yea , Bank interest free loans 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

[dezoel]

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

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

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

Yea , Bank interest free loans 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...,

[zamaliphe]

@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]

@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

[semaforo]

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]

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]

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!!!

[semaforo]

Just in case anyone is still watching this thread- there is a project trying to carry on the work of the IBB but starting with a clean slate. Check it out.

https://bitcointalk.org/index.php?topic=2137399

Ummati.io

Facebook.com/ummatiplatform

Medium.com/ummati

[semaforo]

Properly idea I am interested in bitcoin banking

You should check out our project at some of these links. What is your first language?

Just in case anyone is still watching this thread- there is a project trying to carry on the work of the IBB but starting with a clean slate. Check it out.

https://bitcointalk.org/index.php?topic=2137399

Ummati.io

Facebook.com/ummatiplatform

Medium.com/ummati