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Topic: Muslim Bitcoiner - page 7. (Read 13172 times)

legendary
Activity: 1596
Merit: 1034
June 13, 2016, 05:32:47 PM
Where is the Fatwah on Bitcoins?
fatwah against bitcoin does not yet exist? but I think bitcoin is a legitimate transaction

I also think that bitcoin is a legit transaction and there is nothing bad in bitcoin and transaction through bitcoin, but I will say that Muslims should have to favor this currency most as the Muslims are claiming for the welfare of the people and so bitcoin is benefiting everyone financially.
if I get the money or the bitcoin not by harming others, then the currency transactions can not be said to be haram, because in ancient times also apply the law of barter in buying and selling.
hero member
Activity: 850
Merit: 1000
June 13, 2016, 11:00:00 AM
I needed to search what Riba means: https://en.wikipedia.org/wiki/Riba

Based on what I understand (please correct me if I'm wrong), gambling is not unjust. Because in a gambling game, both parties agreed on their wagers. But scams/ponzis/hyips in the bitcoin world is surely Riba.

 Riba is interest charged on a loan.  It literally means "excess"
Scams, Ponzis and hyips are either Maysir or Gharar both of which are forbidden under the Shariah.  I'm not a Muslim but I know gambling is expressly forbidden.  You might as well dye your hands in pig's blood as gamble.

Based on the definitions, I would think even mining of bitcoin would fall under Maysir unless you are considering it a hobby.  If it is done for investment, it is probably forbidden.


Ramadan Mubarak.


You got it. Thank you for clarifying. I imagine now how hard it is to be a Muslim.

That's nothing. Imagine how hard it is to be a non-muslim in a muslim country.
hero member
Activity: 896
Merit: 500
June 13, 2016, 10:38:55 AM
It's good to see that Bitcoin has united so different people, different nations, religions, parts of the world.  This is also one of the Bitcoin advantages.
Yes true for Muslims who are prohibited from gambling can use the signature campaign or other lawful means.
legendary
Activity: 2912
Merit: 1068
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June 13, 2016, 03:17:23 AM
It's good to see that Bitcoin has united so different people, different nations, religions, parts of the world.  This is also one of the Bitcoin advantages.
hero member
Activity: 798
Merit: 500
June 13, 2016, 03:14:09 AM
Where is the Fatwah on Bitcoins?
fatwah against bitcoin does not yet exist? but I think bitcoin is a legitimate transaction

I also think that bitcoin is a legit transaction and there is nothing bad in bitcoin and transaction through bitcoin, but I will say that Muslims should have to favor this currency most as the Muslims are claiming for the welfare of the people and so bitcoin is benefiting everyone financially.
hero member
Activity: 756
Merit: 500
June 13, 2016, 03:11:47 AM
Assalamualaikum everyone..
I am Muslim and i have been using bitcoin for several months. I just learn bitcoin and i saw many a lot of devious scheme to earn bitcoin. Just like HYIP, PONZI, Gambling, Bet etc.I am very afraid of RIBA. therefore, for guidance and assistance will be appretiated

Thanks Grin Grin Grin

Yeah you are absolutely right for that point. There is so many scheme in bitcoin life and also the most activities is gambling related. So you should be careful with that. I know what do you feel, because I always selective when i looking for bitcoin even i selective when i decided to join a signature campaign. But keep in right way dude because still many like you here.

I think people should have to consider bitcoin as a currency and have to follow all the rules which are provided to them by their religion about money and currency with that they will be in convenience regarding to any decision the take, i.e interest on loan in Islam and some other religions are banned so people should not have to take interest even when they get a loan in bitcoin.

I think the bitcoin is not the currency sign at the RIBA. because the currency is very clear and bitcoin no pieces that go on usury. All systems are also extremely normal and not breaking in the teachings of Islam. Bitcoin it real currency and can be used wherever and whenever.
hero member
Activity: 826
Merit: 502
June 13, 2016, 03:06:55 AM
Assalamualaikum everyone..
I am Muslim and i have been using bitcoin for several months. I just learn bitcoin and i saw many a lot of devious scheme to earn bitcoin. Just like HYIP, PONZI, Gambling, Bet etc.I am very afraid of RIBA. therefore, for guidance and assistance will be appretiated

Thanks Grin Grin Grin

Yeah you are absolutely right for that point. There is so many scheme in bitcoin life and also the most activities is gambling related. So you should be careful with that. I know what do you feel, because I always selective when i looking for bitcoin even i selective when i decided to join a signature campaign. But keep in right way dude because still many like you here.

I think people should have to consider bitcoin as a currency and have to follow all the rules which are provided to them by their religion about money and currency with that they will be in convenience regarding to any decision the take, i.e interest on loan in Islam and some other religions are banned so people should not have to take interest even when they get a loan in bitcoin.
hero member
Activity: 575
Merit: 500
June 13, 2016, 02:51:49 AM
Where is the Fatwah on Bitcoins?
fatwah against bitcoin does not yet exist? but I think bitcoin is a legitimate transaction

I am wonder that what are you people saying, what is the problem in a new currency, there are thousands of currencies available on this earth and the muslims and people from other religions are using it for their life then why will a religion ban bitcoin?
hero member
Activity: 592
Merit: 500
June 13, 2016, 02:06:29 AM
Waalaikumsalam brother, I'm from Indonesian true, about HYIP you can check biz-syariah.blogspot.com

And please share it Cheesy
Syukron
newbie
Activity: 39
Merit: 0
June 13, 2016, 02:04:06 AM
thank you very much for all the respons guys Cheesy
hero member
Activity: 672
Merit: 500
June 13, 2016, 01:29:17 AM
I needed to search what Riba means: https://en.wikipedia.org/wiki/Riba

Based on what I understand (please correct me if I'm wrong), gambling is not unjust. Because in a gambling game, both parties agreed on their wagers. But scams/ponzis/hyips in the bitcoin world is surely Riba.

 Riba is interest charged on a loan.  It literally means "excess"
Scams, Ponzis and hyips are either Maysir or Gharar both of which are forbidden under the Shariah.  I'm not a Muslim but I know gambling is expressly forbidden.  You might as well dye your hands in pig's blood as gamble.

Based on the definitions, I would think even mining of bitcoin would fall under Maysir unless you are considering it a hobby.  If it is done for investment, it is probably forbidden.


Ramadan Mubarak.


You got it. Thank you for clarifying. I imagine now how hard it is to be a Muslim.

You are right about riba mate thanks for help to explain here.

No, not too hard as you think on your mind. To be muslim only stay in the rules and muslim will be safe.
Hmm may be you think like that because it is many prohibitions to take halal money also in the ways of earning bitcoin. But i am sure still many halal ways that muslim can take.
sr. member
Activity: 476
Merit: 250
June 13, 2016, 01:03:59 AM
I needed to search what Riba means: https://en.wikipedia.org/wiki/Riba

Based on what I understand (please correct me if I'm wrong), gambling is not unjust. Because in a gambling game, both parties agreed on their wagers. But scams/ponzis/hyips in the bitcoin world is surely Riba.

 Riba is interest charged on a loan.  It literally means "excess"
Scams, Ponzis and hyips are either Maysir or Gharar both of which are forbidden under the Shariah.  I'm not a Muslim but I know gambling is expressly forbidden.  You might as well dye your hands in pig's blood as gamble.

Based on the definitions, I would think even mining of bitcoin would fall under Maysir unless you are considering it a hobby.  If it is done for investment, it is probably forbidden.


Ramadan Mubarak.


You got it. Thank you for clarifying. I imagine now how hard it is to be a Muslim.
hero member
Activity: 672
Merit: 500
June 13, 2016, 12:41:31 AM
Assalamualaikum everyone..
I am Muslim and i have been using bitcoin for several months. I just learn bitcoin and i saw many a lot of devious scheme to earn bitcoin. Just like HYIP, PONZI, Gambling, Bet etc.I am very afraid of RIBA. therefore, for guidance and assistance will be appretiated

Thanks Grin Grin Grin

Yeah you are absolutely right for that point. There is so many scheme in bitcoin life and also the most activities is gambling related. So you should be careful with that. I know what do you feel, because I always selective when i looking for bitcoin even i selective when i decided to join a signature campaign. But keep in right way dude because still many like you here.
legendary
Activity: 1596
Merit: 1034
June 12, 2016, 04:03:47 PM
Where is the Fatwah on Bitcoins?
fatwah against bitcoin does not yet exist? but I think bitcoin is a legitimate transaction
sr. member
Activity: 266
Merit: 250
June 12, 2016, 12:14:27 PM
Where is the Fatwah on Bitcoins?
hero member
Activity: 826
Merit: 504
June 12, 2016, 10:02:36 AM
Assalamualaikum everyone..
I am Muslim and i have been using bitcoin for several months. I just learn bitcoin and i saw many a lot of devious scheme to earn bitcoin. Just like HYIP, PONZI, Gambling, Bet etc.I am very afraid of RIBA. therefore, for guidance and assistance will be appretiated

Thanks Grin Grin Grin

Certainly a lot of scams out here in the bitcoin world. definitely do your research before you invest in any of the investment companies. If it sounds too good to be true, then it probably is.

Bitcoin promotes multiculturalism as well, so there is no discrimination against any race or religion.

Of course, it's money. Money does not discriminate Cheesy
hero member
Activity: 574
Merit: 500
June 12, 2016, 06:30:43 AM
Assalamualaikum everyone..
I am Muslim and i have been using bitcoin for several months. I just learn bitcoin and i saw many a lot of devious scheme to earn bitcoin. Just like HYIP, PONZI, Gambling, Bet etc.I am very afraid of RIBA. therefore, for guidance and assistance will be appretiated

Thanks Grin Grin Grin

Certainly a lot of scams out here in the bitcoin world. definitely do your research before you invest in any of the investment companies. If it sounds too good to be true, then it probably is.

Bitcoin promotes multiculturalism as well, so there is no discrimination against any race or religion.
hero member
Activity: 966
Merit: 506
June 12, 2016, 05:04:15 AM
I just have one thing to tell you, stay away from gambling! Cheesy
And because you seem new here, welcome to Bitcointalk Smiley

Follow the below mentioned rules and you are safe to use Bitcoins in any religion.

1. Staying away from gambling
2. avoid getting interest on loan
3. Do no offer any Scam service

hero member
Activity: 826
Merit: 504
June 12, 2016, 05:01:46 AM
can we please move this thread somewhere else

religion has no place here.

That is interesting because I mentioned opening up a subsection of religion and spirituality in the politics and society section, but no one wanted to agree with my suggestion. With nowhere else to post, the forums will remain shitty and disorganized.
legendary
Activity: 1596
Merit: 1034
June 12, 2016, 04:58:04 AM
can we please move this thread somewhere else

religion has no place here.
true, do not carry the name of religion in this forum because the forum is discussing the issue of people who want to succeed through bitcoin.
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