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Cryptocurrency Firm Stellar Gets Islamic Finance Certification

U.S. News

SYDNEY (Reuters) - California-based Stellar has received certification from Islamic scholars for its blockchain platform and related cryptocurrency, aiming to integrate the technology into the field of sharia-compliant financial products.


Dubai Company Creates Sharia-Compliant Cryptocurrency for Muslims

#artificialintelligence

This could be a more significant development than most other competitors to Bitcoin because, while Muslim buyers have displayed great interest in cryptocurrency, there are looming fears they will be outlawed in Muslim nations as a violation of sharia's strict prohibitions against usury. "Sharia principles, in addition to banning interest payments, emphasize real economic activity based on physical assets and frown on pure monetary speculation," Reuters explains. "That has triggered debate among Islamic scholars over whether cryptocurrencies are religiously permissible. Cryptocurrency companies are seeking to sway the debate by launching instruments based on physical assets and certified as valid by Islamic advisors." OneGram does this, as its name implies, by using at least one gram of physical gold to back the value of each crypto unit.


Does Islamic Law Forbid Bitcoin? Egyptian Mufti Says Yes, But Many Disagree

International Business Times

One of Egypt's most prominent religious leaders, the Grand Mufti Sheikh Shawki Allam, delivered a fatwa on Jan. 1 claiming Islamic law might prohibit bitcoin because it carries a high risk of "fraudulence" and "cheating." He said cryptocurrency is riskier than fiat currency because it isn't regulated by the government.


Learn the basics of trading cryptocurrency for under £30

Mashable

TL;DR: The Complete Cryptocurrency Professional Trading Bundle is on sale for £22.08 as of Dec. 27, saving you 97% on list price. If you're going to get into cryptocurrency, you should learn the ropes first. The Complete Cryptocurrency Professional Trading Bundle has the guidance you need to start investing. Taught by Bobby B., a well-rated instructor and full-time trader, this six-part bundle is designed to teach you the basics of investing in cryptocurrency. Aside from filling you in on the fundamentals, you'll be taught how to make good trading decisions, how to strategise, and how to weather risk effectively.