103. Islamic Finance and Bitcoin with Safdar Alam
The Bitcoin Standard Podcast
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Credit Creation in Islamic Banks
The current globeof financial and y system is built around credit creation. When you go to buy a house from your a local bank, they are not taking one million dollars that they have on hand and giving them to you so that you could pay for your house. They are making those one million dollars afresh. This is really the this, this is the key point here, which is credit creation. So eslamic finance in its traditional, correct sense, is likely doomed in this kind of scenario.
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