bad idea , in islamic law money interese is a haram , bad idea if islamic bank open with bitcoin .
What we are working on is actually a p2p financing platform.
Topic: Discussion: Islamic Banking and Bitcoin (Read 2892 times)
What we are working on is actually a p2p financing platform.
bad idea , in islamic law money interese is a haram , bad idea if islamic bank open with bitcoin .
Just in case anyone is still watching this thread- there is a project trying to carry on the work of the IBB but starting with a clean slate. Check it out.
https://bitcointalksearch.org/topic/bringing-the-blockchain-to-islamic-finance-2137399
Ummati.io
Facebook.com/ummatiplatform
Medium.com/ummati
https://bitcointalksearch.org/topic/bringing-the-blockchain-to-islamic-finance-2137399
Ummati.io
Facebook.com/ummatiplatform
Medium.com/ummati
Shit, man, i'm sorry, i jumped the gun. I should've checked the facts before reacting the way i did (i already deleted the more mocking post i had, feel free to delete your reply with a quote of it).
You didn't make it easy though, a newbie account, no avatar matching the company etc.
I think it would've gone much better, if you had made clear from the start you were with the IBB we are familiar with; and had focused more on why it's a good idea, than on religious jargon, teachings etc.
The first impression this thread gave (before the OP was edited etc), was that this was a newbie reinventing the wheel and going a bit more extreme than what he was unwittingly copying; and for a bit it looked like he was being stubborn about not acknowledging someone else had started a business with that name already.
You didn't make it easy though, a newbie account, no avatar matching the company etc.
I think it would've gone much better, if you had made clear from the start you were with the IBB we are familiar with; and had focused more on why it's a good idea, than on religious jargon, teachings etc.
The first impression this thread gave (before the OP was edited etc), was that this was a newbie reinventing the wheel and going a bit more extreme than what he was unwittingly copying; and for a bit it looked like he was being stubborn about not acknowledging someone else had started a business with that name already.
Thanks... I will admit I have effectively botched this thread and gone a little heavy handed with the ideology. I'll put the logo up on the front page...
Shit, man, i'm sorry, i jumped the gun. I should've checked the facts before reacting the way i did (i already deleted the more mocking post i had, feel free to delete your reply with a quote of it).
You didn't make it easy though, a newbie account, no avatar matching the company etc.
I think it would've gone much better, if you had made clear from the start you were with the IBB we are familiar with; and had focused more on why it's a good idea, than on religious jargon, teachings etc.
The first impression this thread gave (before the OP was edited etc), was that this was a newbie reinventing the wheel and going a bit more extreme than what he was unwittingly copying; and for a bit it looked like he was being stubborn about not acknowledging someone else had started a business with that name already.
You didn't make it easy though, a newbie account, no avatar matching the company etc.
I think it would've gone much better, if you had made clear from the start you were with the IBB we are familiar with; and had focused more on why it's a good idea, than on religious jargon, teachings etc.
The first impression this thread gave (before the OP was edited etc), was that this was a newbie reinventing the wheel and going a bit more extreme than what he was unwittingly copying; and for a bit it looked like he was being stubborn about not acknowledging someone else had started a business with that name already.
My dear, you are forgetting that materialism is a religion(a.k.a. belief system), generally tending towards hedonism.
So explain how embracing materialism through capital appreciation/dividends is less hedonistic than providing/using leveraged capital as an intermediary source of funding?
Wait, this is legit? Are you working with them?
Which part of "There is already a Islamic Bank of Bitcoin" did you not understand?
Since the current CEO of the IBB has been absent for some time I am trying to get the ball rolling again. I am sure it is painfully obvious that I have no experience at this but hopefully good intentions and willingness to learn will be enough for now. I am open to whatever pointers anyone wants to give.
What is the penalty for late payment?
Sorry, I had to ask, LOL.
Sorry, I had to ask, LOL.
If there is a good reason for the loan being paid late, it is no problem.
Otherwise, well, suffice to say a good conscience is its own reward.
By not repaying a loan without a good reason, your reputation will certainly be damaged.
Lending is not forbidden for muslims?
It's Only Allowed If it's interest free. But this is obviously not the IBB !!.
Pretty sure there is already an Islamic Bank of Bitcoin
https://bitcointalksearch.org/topic/islamic-bank-of-bitcoin-21732
https://bitcointalksearch.org/topic/islamic-bank-of-bitcoin-21732
Which part of "There is already a Islamic Bank of Bitcoin" did you not understand?
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hahahaha. 100 e-lashings.
I was thinking it was going to be a good ol' fashioned stoning or hand amputation, LOL!
Or a beheading
. hahahaha. 100 e-lashings.
I was thinking it was going to be a good ol' fashioned stoning or hand amputation, LOL!
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What is the penalty for late payment?
Sorry, I had to ask, LOL.
Sorry, I had to ask, LOL.
hahahaha. 100 e-lashings.
What is the penalty for late payment?
Sorry, I had to ask, LOL.
Sorry, I had to ask, LOL.
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...If this guy is borrowing religion for a scam...
You repeat yourself my dear. Religion is the most insidious scam of all.
My dear, you are forgetting that materialism is a religion(a.k.a. belief system), generally tending towards hedonism.
What's wrong with Ethical hedonism?
...If this guy is borrowing religion for a scam...
You repeat yourself my dear. Religion is the most insidious scam of all.
My dear, you are forgetting that materialism is a religion(a.k.a. belief system), generally tending towards hedonism.
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...If this guy is borrowing religion for a scam...
You repeat yourself my dear. Religion is the most insidious scam of all.
Well played, sir
...If this guy is borrowing religion for a scam...
You repeat yourself my dear. Religion is the most insidious scam of all.
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Having a halal bitcoin lender would be amazing for those who need it, giving a billion Muslims access to btc. If this guy is borrowing religion for a scam I would be a bit upset
Welcome to bitcointalk.org. Are you interested in investing in Tom Cruise's Scientology Bank of Bitecoin? 98% legit.
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