Reconciling Islamic Finance, Microcredit, and Bitcoin

  • charging interest
  • risky, speculative transactions (e.g., paying for an unbuilt house)
  • participating in businesses against Islamic law (gambling, alcohol, pork)

Implications

Alternative Investment

Can Muslims use digital currency?

Is Bitcoin actually accepted in Islamic countries?

Isn’t Bitcoin speculative and involved in un-Islamic businesses?

2018 Update: Gold-Backed Cryptocurrencies

Smart Contracts and Islamic Finance

What about Bitcoin and ISIL ?

Conclusions

2020 Update! I made an eBook: islamicfinance.github.io

 by the author.

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Web->ML developer and mapmaker.

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Nick Doiron

Nick Doiron

Web->ML developer and mapmaker.

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