Tag Archives: money

Bitcoin – Haram or Halal?

Bitcoin - Haram Or Halall

The man responsible for interpreting religious law in Egypt has banned Bitcoin. Grand Mufti Shawki Ibrahim Abdel-Karim Allam has issued a fatwa telling Muslims the world’s most famous cryptocurrency is haram – or forbidden. They are not allowed to sell, buy or rent using Bitcoin. Whether his order applies to just Egypt’s Muslims – or […]

Is Bitcoin money?

In Part 1 of What is Bitcoin we looked at the differences between the benefits of a centralised system vs a distributed ledger and the digital currency bitcoin.  In this post let’s take a look at a few functions of money to see how bitcoin stacks up against the money we’re familiar with using in […]