Dubai's Government and Gambling - page 5.

ReiMomo

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Quote from: Sithara007 on May 16, 2021, 11:56:01 PM

Quote from: KTChampions on May 16, 2021, 06:16:51 PM

You are right - the economy will put everything in its place and if cryptocurrencies are an integral part of the future, then any religion will have to come to terms with it. Nikaka, the most totalitarian and strict religion, cannot resist the progression, because in this case it loses in the number of its admirers and dies out.

I don't think that the idea of cryptocurrency is incompatible with any of the religions. First of all, the basic idea of cryptocurrency is that of a digital asset which is protected against inflation as a result of controlled supply. I don't think that any of the Islamic tenets ban such an asset. As far as I know, Islam only bans taking interest on loans, which is not applicable for cryptocurrency. Even if there is some aspect of cryptocurrency not compatible with any religion, the leaders of that religion can create a new cryptocurrency that is compatible.

I don’t think releasing a license is possible in Dubai. Not even an approval to operate. No connection is stronger than their principles, values, and religion’s natural law.

Dubai has a majority of 80% Muslims. And in Muslim, gambling is “Haram”. Haram is something that is unacceptable and has to be stopped immediately. Unless you want yourself hanged or you beheaded.

Dubai is strict enough that even it’s their family member who would like to establish a gambling platform, they would point a gun at that one. Besides, gambling could not survive in Dubai, people won’t hesitate to avoid it because their rulers are good.

passwordnow

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Although Dubai isn't as strict as other Middle-East countries, if they don't have gambling casinos. There must be that something that stops them to do it. I don't know if it's religious or anything sort related to belief. But we may somehow see that in the future if they are keeping up their economy and they're no longer have the main source of country's livelihood. They're becoming a tourist spot and maybe after this corona virus pandemic, there will be more tourists again and that's the time they'll try to reconsider that idea.

bryant.coleman

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Quote from: dimonstration on May 17, 2021, 09:51:32 AM

Quote from: Vishnu.Reang on May 17, 2021, 07:36:04 AM

Illegal casinos can be found in Dubai and some of the other Emirates. But be ready to face the consequences, in case you are using them.

They might already been investigating and planning what to do with the illegal casinos that are popping in Dubai, being a known country with advance technology and tourism it's no doubt that there are businesses who will do illegal things just to make money plus it worsen the condition due to Pandemic that makes them maybe do operations since government is focus on other concerns at these time. Atleast we all know that casino or gambling is illegal there so we can warn people we know there who might get associated with these activities.

I have been to the Emirates once, and there are some de jure illegal sectors that are being tolerated by the authorities. There are illegal casinos and massage parlors in some areas, and the authorities don't usually take any legal action against them (unless someone gets robbed or killed). These businesses are mostly concentrated in areas populated by the expats and the cops are not very bothered about them. But if you are really unlucky, then you may get arrested for visiting these illegal businesses.

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Quote from: Vishnu.Reang on May 17, 2021, 07:36:04 AM

Illegal casinos can be found in Dubai and some of the other Emirates. But be ready to face the consequences, in case you are using them.

They might already been investigating and planning what to do with the illegal casinos that are popping in Dubai, being a known country with advance technology and tourism it's no doubt that there are businesses who will do illegal things just to make money plus it worsen the condition due to Pandemic that makes them maybe do operations since government is focus on other concerns at these time. Atleast we all know that casino or gambling is illegal there so we can warn people we know there who might get associated with these activities.

Vishnu.Reang

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There were so many contradictory replies, and therefore I decided to check the Khaleej Times website (KT is the most popular newspaper in the United Arab Emirates). Check this link:

https://www.khaleejtimes.com/news/government/dubai-denies-rumours-says-no-licences-for-gambling-activities-being-given

Quote

The Dubai government on Thursday denied rumours that licences for gambling were being granted in the emirate. "The Government of Dubai Media Office stated that reports circulating in social media about licenses being granted for gambling activities in the emirate are incorrect," a tweet said.

And here is the official Tweet from Dubai Media Office:

https://twitter.com/DXBMediaOffice/status/1385214684291375110

Illegal casinos can be found in Dubai and some of the other Emirates. But be ready to face the consequences, in case you are using them.

STT

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Usury was banned in previous centuries even in Christian countries because obviously the idea of lending and interest can lead to unpayable debts, that alone was considered a type of gambling. Thats the part still banned in Muslim countries, I believe they use a system around palladium deposits where you agree a future fixed price if you should deposit this sum of commodity so its always around a solid backing not FIAT. It would be unfortunate if BTC were labelled as somehow less reliable then Dollars or other debt based currency when BTC has a known set schedule to its monetary base and involves no natural leverage unlike normal western currencies.

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Quote from: KTChampions on May 16, 2021, 06:16:51 PM

You are right - the economy will put everything in its place and if cryptocurrencies are an integral part of the future, then any religion will have to come to terms with it. Nikaka, the most totalitarian and strict religion, cannot resist the progression, because in this case it loses in the number of its admirers and dies out.

I don't think that the idea of cryptocurrency is incompatible with any of the religions. First of all, the basic idea of cryptocurrency is that of a digital asset which is protected against inflation as a result of controlled supply. I don't think that any of the Islamic tenets ban such an asset. As far as I know, Islam only bans taking interest on loans, which is not applicable for cryptocurrency. Even if there is some aspect of cryptocurrency not compatible with any religion, the leaders of that religion can create a new cryptocurrency that is compatible.

KTChampions

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Quote from: mv1986 on May 16, 2021, 05:23:55 PM

I was thinking of countries where interest on financial capital is a sin and not allowed to be paid or received, but I am probably one step too far because cyptocurrencies will be prohibited in those countries anyway.

What I can't believe is that with the boom going on right now in the digital currency industry, I don't think UAE and other countries will ultimately ban this technology. They may be narrow-minded at times, but they are smart enough to know that they should not miss the train.

You are right - the economy will put everything in its place and if cryptocurrencies are an integral part of the future, then any religion will have to come to terms with it. Nikaka, the most totalitarian and strict religion, cannot resist the progression, because in this case it loses in the number of its admirers and dies out.

mv1986

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Quote from: Sithara007 on May 13, 2021, 12:08:51 AM

Quote from: dunfida on May 12, 2021, 04:20:52 PM

When it comes to haram and halal in muslims the bitcoin is considered to be haram.

Bitcoin is fake currency not real therefore it is (haram). banks responsibility and will be allowed (halal) to use in Islamic banks.
Source: https://www.researchgate.net/publication/344409884_Is_Bitcoin_Halal_or_Haram_in_the_Islamic_Banking_and_Finance_An_Overview

I checked the credentials of the author (Mohammad Rashed Hasan Polas, PhD Candidate from Limkokwing University of Creative Technology Cyber Jaya). The author is a research scholar in the field of economics and doesn't have any certification in Islamic Law. So what they have stated in their article is their own personal opinion, and not a credible interpretation of the Islamic law. If Bitcoin is indeed haram, then the clarification needs to come from some Islamic theological authority and not from some college professors.

For a more acceptable opinion on this subject, you can listen to the opinion from Assim al Hakeem: https://www.youtube.com/watch?v=HFagu4Avf4M

I was thinking of countries where interest on financial capital is a sin and not allowed to be paid or received, but I am probably one step too far because cyptocurrencies will be prohibited in those countries anyway.

What I can't believe is that with the boom going on right now in the digital currency industry, I don't think UAE and other countries will ultimately ban this technology. They may be narrow-minded at times, but they are smart enough to know that they should not miss the train.

Sithara007

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Quote from: dunfida on May 12, 2021, 04:20:52 PM

When it comes to haram and halal in muslims the bitcoin is considered to be haram.

Bitcoin is fake currency not real therefore it is (haram). banks responsibility and will be allowed (halal) to use in Islamic banks.
Source: https://www.researchgate.net/publication/344409884_Is_Bitcoin_Halal_or_Haram_in_the_Islamic_Banking_and_Finance_An_Overview

I checked the credentials of the author (Mohammad Rashed Hasan Polas, PhD Candidate from Limkokwing University of Creative Technology Cyber Jaya). The author is a research scholar in the field of economics and doesn't have any certification in Islamic Law. So what they have stated in their article is their own personal opinion, and not a credible interpretation of the Islamic law. If Bitcoin is indeed haram, then the clarification needs to come from some Islamic theological authority and not from some college professors.

For a more acceptable opinion on this subject, you can listen to the opinion from Assim al Hakeem: https://www.youtube.com/watch?v=HFagu4Avf4M

dunfida

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Quote from: Chato1977 on May 12, 2021, 04:32:37 AM

Quote from: Johnyz on May 12, 2021, 03:39:05 AM

Quote from: bryant.coleman on May 12, 2021, 03:23:32 AM

Quote from: Silberman on May 07, 2021, 01:14:33 PM

Well I included that in my post but I do not mind repeating myself, it is true they have a lot of assets and they have been doing a very good job managing those assets unlike what we see in countries like Venezuela, however they know this is not going to last forever so why do nothing until the crisis manifest itself? They are being proactive and they are trying to get other forms of income so when their oil finally runs out or a substitute is found they are not left holding the bag, to me this is smart and many people around the world would wish that when it came to their economy their government was as careful as the one at Dubai.

They have such huge assets, so probably don't have to worry for the next 10 generations or so. Still they are doing the right thing by focusing on the future. It's not just tourism. The UAE has zero income tax and corporate tax, and this has resulted in a large number of corporations moving there. They have been very successful in diversification, unlike some of their neighbors such as Saudi Arabia and Kuwait. And this is what liberal laws can result in.

There's a corporate tax in UAE for Oil companies and Foreign banks, there's also an excise tax and value added tax, that helps the economy of UAE to grow further despite of not collecting Income tax on individuals, and they have a lot of good resources that can really help them survive.
I don't think they need to accept gambling so they can collect taxes, this is against their belief so better to respect it and I'm sure the finance ministry of Dubai knows where to collect funds, and again they made a good investment in other countries as well.

you get it Grin

UAE is a Muslim country and i Know that it is against their law to adopt bitcoin because this is now Halal.( well that's what i Read in the past threads)

When it comes to haram and halal in muslims the bitcoin is considered to be haram.

Bitcoin is fake currency not real therefore it is (haram). banks responsibility and will be allowed (halal) to use in Islamic banks.
Source: https://www.researchgate.net/publication/344409884_Is_Bitcoin_Halal_or_Haram_in_the_Islamic_Banking_and_Finance_An_Overview

Chato1977

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Quote from: Johnyz on May 12, 2021, 03:39:05 AM

Quote from: bryant.coleman on May 12, 2021, 03:23:32 AM

Quote from: Silberman on May 07, 2021, 01:14:33 PM

Well I included that in my post but I do not mind repeating myself, it is true they have a lot of assets and they have been doing a very good job managing those assets unlike what we see in countries like Venezuela, however they know this is not going to last forever so why do nothing until the crisis manifest itself? They are being proactive and they are trying to get other forms of income so when their oil finally runs out or a substitute is found they are not left holding the bag, to me this is smart and many people around the world would wish that when it came to their economy their government was as careful as the one at Dubai.

They have such huge assets, so probably don't have to worry for the next 10 generations or so. Still they are doing the right thing by focusing on the future. It's not just tourism. The UAE has zero income tax and corporate tax, and this has resulted in a large number of corporations moving there. They have been very successful in diversification, unlike some of their neighbors such as Saudi Arabia and Kuwait. And this is what liberal laws can result in.

There's a corporate tax in UAE for Oil companies and Foreign banks, there's also an excise tax and value added tax, that helps the economy of UAE to grow further despite of not collecting Income tax on individuals, and they have a lot of good resources that can really help them survive.
I don't think they need to accept gambling so they can collect taxes, this is against their belief so better to respect it and I'm sure the finance ministry of Dubai knows where to collect funds, and again they made a good investment in other countries as well.

you get it Grin

UAE is a Muslim country and i Know that it is against their law to adopt bitcoin because this is now Halal.( well that's what i Read in the past threads)

Johnyz

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Quote from: bryant.coleman on May 12, 2021, 03:23:32 AM

Quote from: Silberman on May 07, 2021, 01:14:33 PM

Well I included that in my post but I do not mind repeating myself, it is true they have a lot of assets and they have been doing a very good job managing those assets unlike what we see in countries like Venezuela, however they know this is not going to last forever so why do nothing until the crisis manifest itself? They are being proactive and they are trying to get other forms of income so when their oil finally runs out or a substitute is found they are not left holding the bag, to me this is smart and many people around the world would wish that when it came to their economy their government was as careful as the one at Dubai.

They have such huge assets, so probably don't have to worry for the next 10 generations or so. Still they are doing the right thing by focusing on the future. It's not just tourism. The UAE has zero income tax and corporate tax, and this has resulted in a large number of corporations moving there. They have been very successful in diversification, unlike some of their neighbors such as Saudi Arabia and Kuwait. And this is what liberal laws can result in.

There's a corporate tax in UAE for Oil companies and Foreign banks, there's also an excise tax and value added tax, that helps the economy of UAE to grow further despite of not collecting Income tax on individuals, and they have a lot of good resources that can really help them survive.
I don't think they need to accept gambling so they can collect taxes, this is against their belief so better to respect it and I'm sure the finance ministry of Dubai knows where to collect funds, and again they made a good investment in other countries as well.

bryant.coleman

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Quote from: Silberman on May 07, 2021, 01:14:33 PM

Well I included that in my post but I do not mind repeating myself, it is true they have a lot of assets and they have been doing a very good job managing those assets unlike what we see in countries like Venezuela, however they know this is not going to last forever so why do nothing until the crisis manifest itself? They are being proactive and they are trying to get other forms of income so when their oil finally runs out or a substitute is found they are not left holding the bag, to me this is smart and many people around the world would wish that when it came to their economy their government was as careful as the one at Dubai.

They have such huge assets, so probably don't have to worry for the next 10 generations or so. Still they are doing the right thing by focusing on the future. It's not just tourism. The UAE has zero income tax and corporate tax, and this has resulted in a large number of corporations moving there. They have been very successful in diversification, unlike some of their neighbors such as Saudi Arabia and Kuwait. And this is what liberal laws can result in.

mv1986

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Quote from: Oilacris on May 04, 2021, 06:23:17 PM

Quote from: mv1986 on May 04, 2021, 06:09:45 PM

Quote from: k@suy on May 04, 2021, 12:35:30 PM

Quote from: Sithara007 on May 03, 2021, 11:43:55 PM

UAE is more liberal when compared to the other Muslim countries, but there are a few things that you need to remind before visiting that country. Unmarried couples are not allowed as per the law, although it is tolerated to a degree. Recreational drugs are strictly prohibited, and in case you are caught, then you can expect the courts handing down a death sentence, which can't be appealed further. There are things that are illegal, but tolerated to a certain degree. But if you are unlucky enough, then you will be prosecuted for these.

In my personal opinion I just looked at the muslim countries having a same religious law or Islamic religious belief and that is including UAE. And to be honest Dubai was a beautiful country with so many good and beautiful place to offer in the tourist if this country will going to push tourism as one of the source of their income and which of course any tourist should respect and should follow. But I am also curious does gambling will be avilable or will be implemented legally at the Islamic countries.?

The is not about ideas or thoughts, this region has very strict religious rules and the question is how can people coming from external stick to that? It is a different world that here and there tries to adjust their reality to ours, but it is still not consistent. That is why it is hard for us to really understand what the intentions of the United Emirates are.

Dont mind about intentions because they are just following on what they do have in mind which is most likely do connects about religion and if they do decide to be that way then

you wont really have any choice but to deal with it and in case you do decide to visit out this country then you should abide with the laws if you dont like to face up some problems or headaches.

It might sucks but theres nothing you can do about it if they do really look gambling on this way.For those citizens who do want to engage with gambling activity then there are still some various ways.

Oh yes violating rules or laws in Dubai is no good idea! Cheesy

They are very strict about their regulations, although it changed a good bit over the last years as they don't want create fear and doubt that might keep people from traveling there. Tourism is so important to them that they need to have a more liberal stance on many issues.

hulla

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Quote from: Vaskiy on May 03, 2021, 11:11:43 AM

Quote from: hulla on May 03, 2021, 10:41:51 AM

I don't think there need for someone to sneak and gamble in Dubai, Dubai is a world trading center and a country that holds such rank in the world is expected to welcome diverse of business benefits from different settings.
The truth is that the Dubai government never support gambling due to their religious law and they were also never against it.

For religious reason Dubai government doesn't support gambling activities. Dubai is a country which runs on the revenue from oil and tourism. For a country that grows out of tourism having casinos will be a big attraction. As the government is against gambling Dubai hasn't got one yet. In one way or the other they're against gambling with valid reason. If I'm not wrong, online gambling too is restricted within Dubai.

The first online gambling restriction within Dubai doesn't mean the government is totally against gambling as you guys believe, I don't know how you get your source of information about the Dubai government stance towards gambling but I can assure you that I ask this in details from a friend who resides there and I am he has no reason to lie about it.

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Quote from: Vishnu.Reang on May 04, 2021, 12:20:10 PM

Quote from: Silberman on May 04, 2021, 11:09:12 AM

In fact it has been known for a very long time that they are planning for tourism to become their main form of income for a very long time, the government understands that they got lucky by having so much oil underground and they also understand that at some point in the future this is going to run out so they are playing the long term game and they are going to try to find a way to not depend on such income, and for what I know they are doing a very good job on that front.

They have around $2 trillion in foreign assets and the Emirati population is just around 1 million. This means that every Emirati citizen holds around $2 million in foreign assets (stocks, bonds.etc). So why do they need income from tourism? And tourism can have negative impact as well. Look at Brazil and Thailand. These countries are popular tourist destinations, but tourism has lead to a lot of social issues in these countries. And despite what others say, IMO the revenues from petroleum will last for another 2 decades at least.

Well I included that in my post but I do not mind repeating myself, it is true they have a lot of assets and they have been doing a very good job managing those assets unlike what we see in countries like Venezuela, however they know this is not going to last forever so why do nothing until the crisis manifest itself? They are being proactive and they are trying to get other forms of income so when their oil finally runs out or a substitute is found they are not left holding the bag, to me this is smart and many people around the world would wish that when it came to their economy their government was as careful as the one at Dubai.

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Quote from: Vishnu.Reang on May 04, 2021, 07:17:22 AM

Quote from: Kong Hey Pakboy on May 04, 2021, 06:05:21 AM

It will be difficult to make other Arab states to follow suit with those things because as I have said Islam is a strict religion. Maybe we can see that kind of thing from happening someday but right now, I don't think that it will happen anytime soon.

Everything depends on the interpretation of the Islamic laws. When the Sharia law was written down, there were no casinos around. ...

Where did you NOT study history? Gambling places and casinos are as old as humanity. And I even more surprising news from you, human life started way before Islam existed. Amazing isn´t it?

The old Romans even had an specific goddess for luck - "Fortuna".

Islam is no more strict than any other religion, it is about how people have decided to follow it. The rules of Christianism (not to mention Judaism), are as strict and in fact were implemented strongly a few hundred years ago. It is just that people decided that there was no point on it, that is simply better to follow the principles because religion was used simply as an element of state power. Does that sound familiar?

iTradeChips

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Based on what I read is that Islamic countries are very strict when it comes to prohibiting gambling in their countries. Come to think that Gambling is one of their fundamental prohibitions in the Islamic financial system. It’s also known as Maysir and Qimar in Arabic language. It applies to every activity in which a person wins or loses his property by a mere chance. In other words, it’s a game of pure chance where a person wins at the expense of the other. In gambling, the winner does not lawfully earn what he wins from his opponent and the loser loses his property without fair compensation. Gambling also includes betting on horseracing, soccer matches, and lotteries etc.

No wonder Dubai, even with its Liberal tendencies, still clings to religion to govern their city.

Obito

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Quote from: Vishnu.Reang on May 06, 2021, 01:59:48 AM

Quote from: Obito on May 06, 2021, 12:43:28 AM

~snip

Both Monaco and Macau are famous for their casinos, but some of the Moroccan cities are famous for gimbling as well, especially those in Tangier, Casablanca and Marrakesh. And as far as I know, Muslims have become a majority in Bosnia as per the latest census. According to the 2013 Census, Muslims now constitute around 50.7% of the population. But they speak the same language and mostly have the same culture when compared to their Christian neighbors. I don't think that there will be much support for a ban on gambling in Bosnia.

That's a new knowledge to me thanks a lot and the Bosnian Muslims is a shock to me knowing that Europe is mostly Christian leaning in terms of religion. I love that Bosnia made the stereotype of Muslim only comes from an Arab Country. I don't get why they want to ban gambling if ut can be a good source for taxes.

Topic: Dubai's Government and Gambling - page 5. (Read 2619 times)