Quote from: asyezuner on April 01, 2023, 05:27:57 PM

In Islamic banking is progressing repidly in some country and people's wants to be invested according to shariah. Now what is best openion about this seriouse situation

This is about your faith and what you wholeheartedly believe in. The growing number of Islamic banks in the world poses no threat to other banks that do not operate on those terms. Sharia-compliant banks and cryptocurrency investments are not the same thing and should not be confused. According to some scholars, there are different rules for investing in bitcoin, but it all depends on your intent and how true the saying is in Islamic jurisdictions.

Quote from: suzanne5223 on April 02, 2023, 04:56:03 AM

I think depends on personal understanding and certain rules and regulations set up by the government of a certain Islamic country because from what I read some Islamic countries from the East are planning something huge toward the implementation of crypto, especially Bitcoin while some are not making a positive move towards it.

I also heard something about it, I can't remember what it was called but it sounded like "Islamic coin" or "Muslim coin." Some Islamic scholars believe that buying and selling digital currencies is permissible. While some scholars argue that according to Sharia law, it is not permissible to keep something and wait for its value to rise in the future in order to sell it, this is not permitted in Islam. Just like a farmer who hides his harvested crop until the price is high and then brings it out to sell.