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RE: Swiss Church to accept BITCOIN donations

in #bitcoin7 years ago

BTC is not based on debt, i see there is a confusion among different opinions in Islamic leadership.
This opinion is 1 year old, i am not following if it has changed or not, but based on the number of Islam followers, this should be decided sooner or later. Just like which direction to pray if you are on the International Space Station. It has been sorted and fixed.

“The relationship between a distributed, autonomous Blockchain management systems (BMS) like Bitcoin—also referred to as a 'virtual currency'—and Islamic Banking and Finance (IBF). It shows that a BMS can conform with the prohibition of riba (usury)—as Bitcoin does—and incorporate the principles of maslaha (social benefits of positive externalities) and mutual risk-sharing (as opposed to risk-shifting). With regard to maslaha, the world's unbanked number in the billions and represent the majority of the world's adults.”