Bitcoin Brings ‘100% Mathematical Certainty’ to Comply With Islamic Law
CoinTelegraph spoke with Matthew J. Martin on why Bitcoin is better for financial services companies that want to attract Muslim clients and offer “sharia-based” financial products. Matthew J. Martin is the founder of the startup Blossom Finance that uses Bitcoin to help Muslims with Islamic financial law. Blossom Finance, is a microfinance firm based in Indonesia. The company collects capital from investors all around the world and forwards the funds to microfinance institutions for investments. After an annual cycle the company distributes profits back to investors. With Bitcoin, Martin....
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An Islamic scholar, Irshad Ahmad Ijaz, has asserted that digital currency is not fake currency and that it should be legitimized once certain conditions are met. Ijaz’s viewpoint is echoed by other scholars that attended a seminar examining the status of digital currencies from the perspective of Islamic law.
Use of Crypto in the Digital Age
An Islamic scholar or Mufti, Irshad Ahmad Ijaz, recently argued digital currencies are not so-called fictitious currency, a report has said. He, however, suggested that such currency can only be justified once certain conditions have....
Warba Bank, a Kuwait-based Islamic bank, recently became the latest corporation from the Middle East and North Africa (MENA) to enter the metaverse. The bank now occupies two sites in the metaverse, one Decentraland and another one on Sandbox.
Pioneering Digital Transformation
In what has been described as a first for an Islamic bank, the Kuwait-based Warba Bank recently said it now occupies two sites in the metaverse, one on Decentraland and another on Sandbox. The bank’s presence in the metaverse is expected to bolster its communication with the young generation.
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Warba Bank, an islamic bank headquartered in Kuwait, is the latest banking corporation from the Middle East and North Africa region to make a foray into the metaverse, a massive virtual realm centered on social interaction. In what has been heralded as a first for an Islamic lender, Warba Bank has announced that it now owns […]
Derived from the Arabic word Caiz, Caizcoin is an Islamic Blockchain platform that provides money transfer services. With a vision to create financial freedom for every individual, Caizcoin offers creative financial solutions. The company facilitates participation in the modern financial world for every person while complying with Islamic values. What is Caizcoin? Caizcoin is a […]
News that Bitcoin can be tied to the Islamic State circulated on the internet in the wake of the Paris attacks. European Union leaders even held a so-called "emergency meeting" on virtual currencies themselves, reportedly investigating how to better control the currency. To be sure, evidence that the Islamic State uses Bitcoin in any significant manner is non-existent, the claims specious at best. Researcher Nicholas Weaver, from the Berkeley-based International Computer Science Institute, is aware of no evidence that the Islamic State uses Bitcoin. "There was a recent material support....