Is It Possible that The Moslem Countries Can Accept The CryptoCurrencies System?

[ficihch]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

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[surfinonmyownwavebaby]

It is not only possible but a couple of months ago there was an article written about cryptos in regards to our Muslim friends. Read more: https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-islamic-law-muslims-cryptocurrency-market-permissible-sharia-news-price-surge-a8302761.html

[Hydrogen]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

If there is another arab spring which produces widespread independence movements in middle eastern nations, it is possible existing banking systems could be overthrown as people embraced crypto currencies in an attempt to find alternative ways of doing things.

To a degree, middle eastern nations appear to be run by mullahs and religious clerics. I don't know if there is anyone with authority in the middle eastern world who would be pro bitcoin, that other arabs or muslims would listen to.

Middle eastern leaders tend to repress education and information on topics like crypto currencies. If there was a bitcoin following in the middle east it would likely be a small demographic.

[Twentyonepaylots]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

If there is another arab spring which produces widespread independence movements in middle eastern nations, it is possible existing banking systems could be overthrown as people embraced crypto currencies in an attempt to find alternative ways of doing things.

To a degree, middle eastern nations appear to be run by mullahs and religious clerics. I don't know if there is anyone with authority in the middle eastern world who would be pro bitcoin, that other arabs or muslims would listen to.

Middle eastern leaders tend to repress education and information on topics like crypto currencies. If there was a bitcoin following in the middle east it would likely be a small demographic.

Your posted question is bit sensitive to answer boldly, but, lets try to be liberal on the issue, lets not generalized but instead an objective opinion would be more safe.
The entry of crypto currency into the market does not indicate that a selected business investor are only accepted in this digital transaction, with emphasis on Christian or none Christian, the Eastern community wither they like or not, would be affected by the growing numbers of investors coming in into the Crypto currency Digital Transaction, in fact there some business financial community are looking into the Digital Transaction on Crypto in Dubai, United Arab Emirates, but no specific result yet. Let just hope that they will look into what benefits they can have from Crypto Currency market trading.

[darkangelosme]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

Just asking is there any law that preventing our Muslim Brothers to use any cryptocurrencies? Cause since the beginning of my journey to crypto world I've never seen or even heard about preventing them to use cryptocurrencies. They can use it as long as they want unless it is banned in there countries.

[speedy963]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

If there is another arab spring which produces widespread independence movements in middle eastern nations, it is possible existing banking systems could be overthrown as people embraced crypto currencies in an attempt to find alternative ways of doing things.

To a degree, middle eastern nations appear to be run by mullahs and religious clerics. I don't know if there is anyone with authority in the middle eastern world who would be pro bitcoin, that other arabs or muslims would listen to.

Middle eastern leaders tend to repress education and information on topics like crypto currencies. If there was a bitcoin following in the middle east it would likely be a small demographic.

Your posted question is bit sensitive to answer boldly, but, lets try to be liberal on the issue, lets not generalized but instead an objective opinion would be more safe.
The entry of crypto currency into the market does not indicate that a selected business investor are only accepted in this digital transaction, with emphasis on Christian or none Christian, the Eastern community wither they like or not, would be affected by the growing numbers of investors coming in into the Crypto currency Digital Transaction, in fact there some business financial community are looking into the Digital Transaction on Crypto in Dubai, United Arab Emirates, but no specific result yet. Let just hope that they will look into what benefits they can have from Crypto Currency market trading.

i agree. stating that those countries you have elaborated are from the east region, doesn't generalized that muslims are against crypto, let's not be bias around here, religions doesn't matter when it comes to crypto, anyone can use it freely if they just want to. technically when it comes to economic growth which includes crypto in general, doesn't really emphasize what's your religion anyway. let us just support crypto the way it is now without further discrimination, besides we all benefit to what it offers to us.

[kaya11]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

Just asking is there any law that preventing our Muslim Brothers to use any cryptocurrencies? Cause since the beginning of my journey to crypto world I've never seen or even heard about preventing them to use cryptocurrencies. They can use it as long as they want unless it is banned in there countries.

There are some people of the thoughts or scholars that says Muslims should stay away from crypto. That is why you can't hear infos about crypto currencies in Saudi Arabia. Only in UAE crypto is accepted, I guess there are many races there and some are not Muslims that is why it is okay.

[cryptomoon1002]

If it is pofitable ecnomic usecase for the country, why wouldnt musleum countries accept cryptos.

[carlozharz]

Muslims accept transactions by using cryptocurrency, Muslims have no problem with this, in their religious rules, it is not forbidden, they will gladly accept the crypto.

[squog]

I think if you're asking them, then they're all for it. For one thing almost all of the arab countries don't have taxes included on their goods and services. Crytpo currencies do just that. Besides the arab nation, much like any other nation, would like first dibs on new technology or ways to improve their economy. Besides, arab or no, people want money.

[b3j0]

I am a Muslim and the citizens here are the majority of Muslims and all goes well. no problem as long as cryptocurrency does not conflict with holy book al quran.

[neliawesome]

Why not?They can have cryptocurrency system as long their government allows it.Its just same as other countries.Whether what religion you are everyone is welcome in crypto world.The only problem if the government accept it.

[Maxre]

looking at economic developments in Muslim countries I think cryptocurrencies can be accepted by the country, while not in use for crime by users in that country.
because I know so much of the benefits of crypto for economic development so there is no problem as far as I know.

[Aveatrex]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

Yes it's high very likely that the arabic world adopt cryptocurrency as this latter is not forbidden in Islam which leaves alot of arab people start using cryptocurrency like Mr.Everybody.However banks are still everywhere in the world which may still be considered a challenge for cryptocurrency adoption even in the arabic world.

[Ridwan Fauzi]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

There are still many countries that are base on sharia.

And in terms of Islamic Shari'ah law of cryptocurrency is included in the Islamic Shari'a, there is no cryptocurrency system that is contrary to the Islamic Shari'a law. For the payment system, cryptocurrency is the same thing with other tools (money), because basically in the process of transactions governed by Islam it depends on the seller and buyer, the buyer is free to determine the means of payment used so that there is agreement.

Likewise, cryptocurrency can be used as a place of investing and trading, Islam has set how to trade and invest and my opinion cryptocurrency is feasible to serve as investment and trading. So, all the rules that exist in cryptocurrency is feasible to be adopted by countries that have Islamic sharia law.

[systematicdeception]

I m not sure but perhaps in the future this will be possible. Not only muslim countries don't approve it now. I don't think that there is 0 probability but it won't happen too quickly. time is needed and we will wait  for it

[zhekinsp]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

I don't understand what is wrong with using the bitcoins,it is not a crime or illegal thing the value came from demand like in all other things so it can be used by anyone irrespective of the religion.And also I have read somewhere that someone wrote an article the bitcoin is not against the muslim law so it can be used by muslim too.

[boyz97]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

I don't understand what is wrong with using the bitcoins,it is not a crime or illegal thing the value came from demand like in all other things so it can be used by anyone irrespective of the religion.And also I have read somewhere that someone wrote an article the bitcoin is not against the muslim law so it can be used by muslim too.

even in english there is mosque that accept bitcoin for charity fund.and i don't see negative effect from bitcoin that make bitcoin restricted in muclim country

[BillCoin]

It's not like the islamic's countries economical system is being connected, it's not like the european union, they are separated, so I see that unlikely to happen that all the islamic countries will start seeing bitcoin a currency all together.
It's more likely that if we take a random islamic country, the chances of it to accept crypto is much higher then a different country because the government is much weaker in such countries and usually the citizens are searching for alternatives for the traditional currencies.

We should be focusing to get our system stronger and to make the network much more stable, we shouldn't be focusing on fitting ourselves to specific group of countries.'

[bitgov]

In the Moslem Countries like Saudi Arabia, Qatar, United Arab Emirates even Brunei Darussalam etc were enacted Islamic Economy System based on sharia. Is It Possible that The Moslem Countries can accept the cryptocurrencies system in their economic system? What's your opinion?

Why not? It is just another way of payments or locking money, for me there is no doubt that if the goverment wants it could make it possible to use them.