Topic: Islamic Bank of Bitcoin (Read 590 times)
Will the company behind your service (I hope their is one) also go to this http://www.londonstockexchange.com/specialist-issuers/islamic/finance.htm ?
Bitcoin would make a good Sharia currency because tied to electricity costs it can keep pace with inflation without requiring interest payments.
Bismillahi Rahmani Rahim (In the name of the Most Kind, Most Compassionate)
Hello,
My name is Mohammed Ibrahim and I will be the new manager of the Islamic Bank of Bitcoin (IBB). My other account on this forum is semaforo.
If anyone has any questions feel free to ask.
I will have more time to manage the IBB because I am just completing an M.A. degree in Global Political Economy. I wrote one research paper for the course "Managing Financial Crises" on Islamic banking, attempting to explain why banking institutions that adhere to sharia law were more resilient during the financial crisis and received a 1.3, which in the German grading system is the equivalent of an "A." grade.
I look forward to working toward the improvement of bitcoin infrastructure and raising bitcoin awareness within the Islamic community, which will provide spiritual benefit, God willing, to Muslims seeking to free themselves from interest contaminated, debt based, fiat currency, and material benefit to all bitcoin owners as the user base and market capitalization of bitcoin increase through increased exposure.
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