Quote from: gilangIDR on February 04, 2018, 11:36:02 AM

Quote from: btccashacc on February 03, 2018, 11:58:34 PM

Quote from: Turan100 on February 02, 2018, 12:20:28 PM

what's the point for creating this bank and why it's islamic ??

Because Islam has regulated everything in their follower's life including the economic system, so they need a bank based on Islam regulation or rules, for example, Islam prohibits riba ( riba : when you give me a 10 $ loan, but i have to pay back 15 $, the 5$ is riba ) hmm but i don't know that it is necessary since i heard that in arab bitcoin is banned by the mufti, they said that transaction with bitcoin is haram.

Should bank-making based on Islamic religion that can be made by complying with all the rules in accordance with the teachings of Islamic religion. Some rules like usury should be abolished and the purpose of bank loans is only to help many people without expecting more pay or interest. The Saudi Arabian announcement of bitcoin as a forbidden thing is one of the bad news for bitcoin, but I think everything we get from halal things will make it halal. Everyone has different views and I think we should respect each other's opinions. Islam teaches us to a tolerance, everybody's opinion should be appreciated.

If it's true that Saudi Arabia banned Bitcoin because they think it's not halal, then they are deeply wrong about this.
Bitcoin is more halal than banks monetary system, as it is proven mathematically proven that you own Bitcoin while when having money in your bank account, you don't really know how banks use that money ( lending it, doing unknown projects etc..)