The Islamic Case for Bitcoin with Harris Irfan (WiM482)
The "What is Money?" Show
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Bitcoin's Alignment with Islamic Economic Principles
The chapter explores the compatibility of Bitcoin with Islamic economic principles, discussing younger scholars favoring Bitcoin due to its features aligning with wealth, legal recognition, and medium of exchange. Entrepreneurs are building financial institutions around Bitcoin, contrasting its alignment with Islamic ethics with traditional banking practices. The discussion delves into generational differences in understanding digital technology, the concept of deferred gratification in faith, the importance of sustainable economic behavior, and the correlation between Bitcoin, spirituality, and discipline.
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