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Author Topic: Bitcoin in Islamic Banking and Finance  (Read 106 times)
sunnysharma (OP)
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July 14, 2018, 01:34:37 PM
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Considering that Muslims make up about 25% of the world's population, and that bitcoin is free of interest, Professor Charles Evans argues that the overlap between hard-money advocacy and Shari'a-compliant finance is large enough for these two communities to build intellectual bridges.

This paper has put bitcoin on the radar of many people previously far-removed from cryptocurrency, resulting in a surprising amount of attention from Muslims worldwide.
http://jibfnet.com/journals/jibf/Vol_3_No_1_June_2015/1.pdf     that is link of that paper for full information.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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July 15, 2018, 03:13:41 PM
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2017 was marked by the fact that representatives of world religions began to think about their crypto-currency. There were Jewish beatcoen, Christian Christkoins, and today the head of the staff of the Council of Muftis of Russia Madina Kalimullina said that in the next couple of years, Islamic crypto currency can be created for the implementation of Islamic banking (different from the Western banking system).Contrary to the expectations of many, the Islamic world is also in the topic.

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