The Intelligence from The Economist cover image

Squash court: Israel’s controversial law reform

The Intelligence from The Economist

The Debate Over Whether Cryptocurrency Is Permissible in Islamic Finance

2min Snip

00:00
Play full episode
Scholars have been debating for a couple of years whether cryptocurrency is permissible in Islamic finance. Hismail ibn Amusam-Mank, who has a substantial online following, says it's not haram. Egypt's grandmufdi Shilohi Adalem issued a factoire in 2018 endorsing a ban on a mainstream cryptocurrency. Some scholars are more divided on the kind of aspect of v'varad - uncertainty or speculation that crypto trading involves.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode