Quote from: Ibrahim@IBB on March 31, 2014, 02:27:37 AM

Quote from: smooth on March 30, 2014, 11:02:29 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.