103. Islamic Finance and Bitcoin with Safdar Alam
The Bitcoin Standard Podcast
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The Opposition to Speculation in Islamic Finance
Adi: Gambling is prohibited in our religion. When it comes to investment, we would not call betting on the outcome an investment. But virtually any kind of econoic activity has some kind of speculation to it. So i was just wondering whether you could provide us with a simple definition of 'speculation' and how that differs from gambling. O ka? Adi says he can't think of anything more complicated than this. Peter asks his own question about Islamic finance. Staftar responds by saying there's no such thing as "islamic banking"
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