Mufti Muhammad Abu Bakar, the chief of Sharia compliance at Blossom Finance, researched on whether Bitcoin is recognized and accepted under Shariah law. He highlighted Bitcoin being a legal tender in Germany and hence succeeds as Islamic money. He quoted, “Shariah recognizes customary money as anything that gains monetary status through acceptance or government mandate.â€
Islamic scholar studies Bitcoin
IncryptsApr 17, 2018
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