30 Jan '13, 5pm

"At best paper money fulfills

"At best paper money fulfills

This is intended for a Muslim audience but I will endeavor to make it accessible to a general audience. It is really an appeal to Muslims for a little monetary sanity. I am in the uncomfortable position of being the only person I know even remotely qualified to answer this question. There’s no pride in that claim, but despair for the lack of interest in this subject in the Muslim community. The Muslim scholars I’ve asked don’t really understand what Bitcoin is, and the average Bitcoin enthusiast doesn’t know anything about what has become a relatively esoteric area of Islamic law. So, I may be the only bridge between these two communities. There are certain areas of Islamic law that only apply to money, specifically the rules for lending and the rules for charity, which is why we see the emergence of so-called “Sharia compliant” banking and “Zakat eligible” charity in the ...

Full article: http://dailyanarchist.com/2013/01/30/is-bitcoin-sharia-co...

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