Topic: [PRE-ANN][MSL] ISLAMIC COIN 100% SHARIAH COMPLIANT (1.Rabi' II 1434 / 11.2.2013) - page 2. (Read 3583 times)

Mine it or die fools!

This is usury. Possibly one of the lower forms of usury. Is that so damn difficult to understand, but obviously muslim 'beliefs' and pages of their book condemning this practice are mere convenience to be used as a toilet paper to wipe their greedy asses when it suits them. This is actually more about fraud and hypocrisy, a group claiming one thing after digging into their own shit deep and elaborately enough. Fraud and ignorance at its worst hiding behind 'cultural' and 'religious' reasons.

If they come right out and say it, there wouldn't be a problem...but at the very least this is a marketing fraud. How would you describe it if a group of environmentalists endorsed a pipeline through their neighbor's state claiming it is more suitable because they deem their neighbor's backyard less 'natural'? Or a Christian group endorsing suicide while running a hostel claiming their 'deeper understanding' of the scripture regarding mercy makes their business legitimate? Or a hindu claiming that they are allowed to trade and butcher cows but not eat them?

Anyone can see what's going on here. The main problem is that this venture should not lie about being 'religiously right' when it's clearly the lowest form of betrayal.

They are free to use it, as any one would use their property, but they are not free to lie about the motive or purpose.

That is called a fraud. It doesn't take a religious background to respect this common sense.


Edit: Also, you can bet any remotely established intelligence agencies are watching electronic and digital currency scene like a hawk. The money laundering potential is too great to ignore, aside from the fact that some are more prone to ignorance and bigotry born out of racial and cultural bias. Maybe this will provide an even easier method to track the fuckers

First Jihad coin. OMG 

cool

your halal wallet is not yet ready 

dw, helps if u read the thread  ...launch in couple weeks

Why cant i dl wallet?? is the site not ready yet?

you speak like p 'n dumper let them USE it.. who is forced to take part in market manipulations etc?

..whoa, chill bro

Say no more...

Muslims bend their laws and 'reinterpret' or 'advance their understanding' of the religious principles when it suits them.

Then they spend the rest of the time trying to convince themselves and others how they are 'eventually' right.


Their principles are easily bought off it seems. What the hell make you think crypto is even remotely legitimate to a normal investor trader, never mind a religiously inclined 'law-abiding' group? In the end, this is all usury.

Excuses are aplenty, truth is nil. Typical hypocrisy at display with this 'lawful' venture.

http://spa.qibla.com/issue_view.asp?HD=1&ID=375&CATE=43

"In the name of Allah, Most Compassionate, Most Merciful,

To invest in the share of a particular company or to purchase shares a company’s from the stock market has been a matter of debate between the contemporary scholars.

Some contemporary scholars (who are very few) are of the opinion that it is not permissible to invest in shares. There basic argument is that, shares do not represent an ownership for the share-holder in the company’s assets, rather the share certificate is a document that signifies lending of some amount of cash to a particular company. The dividend which one receives will be considered interest (riba), thus unlawful.

The majority of the scholars, however, do not agree with this opinion. Scholars such as, Shaykh Ali al-Khafif, Dr. Wahba al-Zuhaili, Shaykh Taqi Usmani and others have declared investing in the shares of companies lawful (halal) subject to certain conditions."

If anyone wants a ton of media attention they should just make an altcoin that features a depiction of muhammad as the logo

Really?...ok then, in that case i stand corrected.  

Is this coin halal? 

Reserved

With the tens of millions of muslims working away from home and sending money back - this would be a perfect money transfer coin, if the developers can earn the trust.

it you dont speculate too much, according to a most scholars, it should be halal.

most companies owhed or co-owned by muslims ARE RATED ON THE STOCK MARKET (eg. CITI).

http://spa.qibla.com/issue_view.asp?HD=1&ID=375&CATE=43

"In the name of Allah, Most Compassionate, Most Merciful,

To invest in the share of a particular company or to purchase shares a company’s from the stock market has been a matter of debate between the contemporary scholars.

Some contemporary scholars (who are very few) are of the opinion that it is not permissible to invest in shares. There basic argument is that, shares do not represent an ownership for the share-holder in the company’s assets, rather the share certificate is a document that signifies lending of some amount of cash to a particular company. The dividend which one receives will be considered interest (riba), thus unlawful.

The majority of the scholars, however, do not agree with this opinion. Scholars such as, Shaykh Ali al-Khafif, Dr. Wahba al-Zuhaili, Shaykh Taqi Usmani and others have declared investing in the shares of companies lawful (halal) subject to certain conditions."

lol well that got me interessted keep it up !

Watching