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Monday, November 11, 2013

Is Bitcoin Sharia Compliant?


David Barker quotes Imran Hosein in his book "The Gold Dinar and Silver Dirham." as he identifies six traits common to all of these that amount to a definition of money in Islam.

1- Money is either precious metals or food.
2- Money is abundant and freely available.
3- Money is durable and does not spoil or corrode.
4- Money has intrinsic value.
5- Money exists in creation and is made valuable by God.
6- Money functions as a medium exchange.

However, Mr. Barker disputes the first trait.

READ MORE IN THE ORIGINAL ARTICLE AND COMMENTS:

http://dailyanarchist.com/2013/01/30/is-bitcoin-sharia-compliant/

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