Islamic Bank of Bitcoin - LOANS - page 6.

Ibrahim@IBB

newbie

Activity: 49

Merit: 0

Quote from: tkeod on March 31, 2014, 08:14:32 PM

I mainly wanted to get a loan to start building trust on here for future investments. But with my current setup I can have the loan paid back in about a week and a half, and with a fourth miner I can have the loan paid off within a week of my receiving the unit.

Please provide some info on your hashing power and daily income to show how three antminers can generate .5 btc in less than 2 weeks. If you can make enough to buy the 4th unit in less than two weeks, why do you need a loan?

alivecrypto

sr. member

Activity: 252

Merit: 250

Quote from: Vod on April 01, 2014, 08:00:46 PM

Quote from: Dark.coder on April 01, 2014, 03:27:07 PM

I would like to loan 0.5 BTC for one month. I have 650$ worth altcoin as collateral which i bought as investment and i don't want to spent them. Please pm me if you can lend, of course i understand that iam new here and i don't have trust so for that i'll send first !! thanks

What's your scam? I accepted your offered in the other thread you started. Trying to take out two loans at once?

Vod look at his statement, Grin

That statement shows his scam intensions, But may be he is really new and unrelated to bitcointalk forum.
Being a security Administrator came to start scam from here Grin

RuneBTC

newbie

Activity: 24

Merit: 0

just wondering what the conditions of a .1 btc loan would be.

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: Dark.coder on April 01, 2014, 03:27:07 PM

I would like to loan 0.5 BTC for one month. I have 650$ worth altcoin as collateral which i bought as investment and i don't want to spent them. Please pm me if you can lend, of course i understand that iam new here and i don't have trust so for that i'll send first !! thanks

What's your scam? I accepted your offered in the other thread you started. Trying to take out two loans at once?

Dark.coder

newbie

Activity: 18

Merit: 0

I would like to loan 0.5 BTC for one month. I have 650$ worth altcoin as collateral which i bought as investment and i don't want to spent them. Please pm me if you can lend, of course i understand that iam new here and i don't have trust so for that i'll send first !! thanks

tkeod

newbie

Activity: 50

Merit: 0

I mainly wanted to get a loan to start building trust on here for future investments. But with my current setup I can have the loan paid back in about a week and a half, and with a fourth miner I can have the loan paid off within a week of my receiving the unit.

tkeod

newbie

Activity: 50

Merit: 0

Quote from: Ibrahim@IBB on March 31, 2014, 07:48:40 PM

Quote from: tkeod on March 31, 2014, 02:04:53 PM

Quote from: Ibrahim@IBB on March 30, 2014, 12:35:22 PM

------------------------------------------------------ UPDATE --------------------------------------------------------------------

Terms of loans are changing due to my experiences- Loan repayment is maximum 4 weeks, and maximum amount of loan is .5 BTC

I had not been giving loans due to a loan that was not repaid, but now am offering loans again.

Hi, I was wondering what ther conditions of a .5btc loan would be? I have 3 antminers running right now and was hoping to get a loan for a 4th unit.

For a loan of this size I guess I would need proof of income, your id, and a chat on skype. You would need to be able to show that you could pay it back within one month. Collateral of some kind would help.

Well I would definitely be willing to do all of those. I don't know if you'd be willing to take prior paystubs from my work since I just took off the last two weeks for spring break. And with the other 3 miners I'd be able to pay off the loan within a month easily.

Ibrahim@IBB

newbie

Activity: 49

Merit: 0

Quote from: tkeod on March 31, 2014, 02:04:53 PM

Quote from: Ibrahim@IBB on March 30, 2014, 12:35:22 PM

------------------------------------------------------ UPDATE --------------------------------------------------------------------

Terms of loans are changing due to my experiences- Loan repayment is maximum 4 weeks, and maximum amount of loan is .5 BTC

I had not been giving loans due to a loan that was not repaid, but now am offering loans again.

Hi, I was wondering what ther conditions of a .5btc loan would be? I have 3 antminers running right now and was hoping to get a loan for a 4th unit.

For a loan of this size I guess I would need proof of income, your id, and a chat on skype. You would need to be able to show that you could pay it back within one month. Collateral of some kind would help.

WetSeals

newbie

Activity: 42

Merit: 0

Ready to repay, just need address.

tkeod

newbie

Activity: 50

Merit: 0

Quote from: Ibrahim@IBB on March 30, 2014, 12:35:22 PM

------------------------------------------------------ UPDATE --------------------------------------------------------------------

Terms of loans are changing due to my experiences- Loan repayment is maximum 4 weeks, and maximum amount of loan is .5 BTC

I had not been giving loans due to a loan that was not repaid, but now am offering loans again.

Hi, I was wondering what ther conditions of a .5btc loan would be? I have 3 antminers running right now and was hoping to get a loan for a 4th unit.

Ibrahim@IBB

newbie

Activity: 49

Merit: 0

Okay, sorry, I just got a little bit jaded after my first taste of being a lender!

Glad that I could be of assistance, I'd be happy to talk about anything else if you have other questions!

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: Ibrahim@IBB on March 30, 2014, 09:27:37 PM

Quote from: smooth on March 30, 2014, 06:02:29 PM

I'm curious about sharia loans. My understanding is that it is allowable for the lender to accept a share of the profits (as opposed to interest)? So if you are borrowing to buy a miner for example, the lender could receive a portion of the mined coins. Is that correct?

Yeah, this would be a joint venture and would be halal (lawful). This means that the lender shares the risk as well as the profit with the borrower... right now mining seems pretty risky, but what's your pitch? As far as I know, almost all mining operation are only profitable if bitcoin price goes up, which would edge into speculation territory, which is not lawful.

It wasn't a pitch, just asking a question about Islamic loans. I'm trying to understand is all. Thanks for response.

Ibrahim@IBB

newbie

Activity: 49

Merit: 0

Quote from: smooth on March 30, 2014, 06:02:29 PM

I'm curious about sharia loans. My understanding is that it is allowable for the lender to accept a share of the profits (as opposed to interest)? So if you are borrowing to buy a miner for example, the lender could receive a portion of the mined coins. Is that correct?

Yeah, this would be a joint venture and would be halal (lawful). This means that the lender shares the risk as well as the profit with the borrower... right now mining seems pretty risky, but what's your pitch? As far as I know, almost all mining operation are only profitable if bitcoin price goes up, which would edge into speculation territory, which is not lawful.

smooth

legendary

Activity: 2968

Merit: 1198

I'm curious about sharia loans. My understanding is that it is allowable for the lender to accept a share of the profits (as opposed to interest)? So if you are borrowing to buy a miner for example, the lender could receive a portion of the mined coins. Is that correct?

WetSeals

newbie

Activity: 42

Merit: 0

Quote from: WetSeals on March 30, 2014, 05:20:10 PM

Quote from: Ibrahim@IBB on March 30, 2014, 05:17:44 PM

Quote from: WetSeals on March 30, 2014, 04:50:02 PM

My wallet address would be:

1btcYQznKGfh1SGkfVWjDQ2r1sjoNZA3V

.06 btc sent to 1btcYQznKGfh1SGkfVWjDQ2r1sjoNZA3V

please repay within 4 weeks, sooner is better!

Thank you!

I only received .006, not .06

Transaction ID: https://blockchain.info/tx/696b4236cafbf939b76cf654ca3adb34847d9816a90c4b9b52da6e54476345b5

I have received the full .06, and will send repayment within 4 weeks, almost assuredly sooner. Peace be with you.

WetSeals

newbie

Activity: 42

Merit: 0

Quote from: Ibrahim@IBB on March 30, 2014, 05:17:44 PM

Quote from: WetSeals on March 30, 2014, 04:50:02 PM

My wallet address would be:

1btcYQznKGfh1SGkfVWjDQ2r1sjoNZA3V

.06 btc sent to 1btcYQznKGfh1SGkfVWjDQ2r1sjoNZA3V

please repay within 4 weeks, sooner is better!

Thank you!

I only received .006, not .06

Transaction ID: https://blockchain.info/tx/696b4236cafbf939b76cf654ca3adb34847d9816a90c4b9b52da6e54476345b5

Ibrahim@IBB

newbie

Activity: 49

Merit: 0

Quote from: WetSeals on March 30, 2014, 04:50:02 PM

My wallet address would be:

1btcYQznKGfh1SGkfVWjDQ2r1sjoNZA3V

.06 btc sent to 1btcYQznKGfh1SGkfVWjDQ2r1sjoNZA3V

please repay within 4 weeks, sooner is better!

Thank you!

WetSeals

newbie

Activity: 42

Merit: 0

My wallet address would be:

1btcYQznKGfh1SGkfVWjDQ2r1sjoNZA3V

Ibrahim@IBB

newbie

Activity: 49

Merit: 0

Quote from: WetSeals on March 30, 2014, 12:46:25 PM

I do have a full time job, so I could buy some btc if needed. I am paid each 2 weeks, on Tuesdays. My next payday is this Tuesday, but that is going mostly towards first of the month bills, which is why I want to give myself the full 3-4 weeks to repay. (I may be able to repay early though)

I am in the USA.

What is your address?

adjiadjo

legendary

Activity: 1218

Merit: 1038

alhamdulillah...
its amazing can find some syariah loan offer with no interest here in BCT.
no need for loan at the moment , just visit and post for support ,
maybe in the future when i need some loan.

Topic: Islamic Bank of Bitcoin - LOANS - page 6. (Read 24433 times)