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Bitcoin can be halal, mosque declares as it becomes the first in the UK to accept cryptocurrency don
Writer : 관리자 (halal@world-expo.co.kr)   Date : 18.05.23   Hit : 1937

Bitcoin can be halal, mosque declares as itbecomes the first in the UK to accept cryptocurrency donations

 

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Shacklewell Lane Mosque CREDIT:  ERKIN GUNEY

Bitcoin is acceptable in the eyes of Allah,a mosque has declared, as it becomes the first in the UK to accept cryptocurrencydonations.

 

Religious advisers at the Masjid Ramadan inDalston, east London, have said the currency is halal if it is "transactedin a lawful manner".

 

There has been significant debate aboutcryptocurrency in the Muslim world, with figures including the Mufti of Egyptsuggesting it is haram, or forbidden, because it is used by some for illegalactivity.

 

Because of its anonymous nature bitcoin hasbecome associated with buying drugs and other unlawful items online.

 

But the mosque has declared that Muslimscan use it for their Ramadan donation, known as zakat.

 

Muslims are meant to give away 2.5 per centof their wealth to charity during Ramadan, an annual donation which iscompulsory for all but the poorest Muslims.

 

The mosque, also known as Shacklewell LaneMosque, will accept donations in two different cryptocurrencies, Bitcoin andEthereum.

 

It has received advice from Shoreditchstartup Combo Innovation, a blockchain company which focuses on Islamicfinance.

 

The money is used to carry out repairs atthe mosque, offer help to families who are struggling to pay funeral costs andshelter and feed the poor.

 

Zayd al Khair, a religious adviser at themosque, said: "Any money or currency is neither halal ? permissible ? norharam ? impermissible.

 

"Guidance is about the value which itrepresents.  If money is transacted in alawful manner then it is halal.

 

"We do not always know the source ofcash donations, but we take these in good faith too."

 

https://www.telegraph.co.uk/news/2018/05/22/bitcoin-can-halal-mosque-declares-becomes-first-uk-accept-cryptocurrency/

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