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Onramp Media
The New Frontier E004: Bitcoin and Islam with Bitcoin Majlis
Sep 10, 2024
Abdullah and Salah from Bitcoin Majlis dive deep into the intersection of Bitcoin and Islamic finance. Abdullah, an expert in Islamic finance, argues for Bitcoin as anti-riba money, offering a compelling alternative to traditional banking. Salah highlights the platform’s mission to educate Muslims about Bitcoin’s ethical implications. Together, they tackle misconceptions, discuss Bitcoin's role in promoting sustainable investment, and stress the importance of financial education for Muslims navigating this new frontier.
01:16:56
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Quick takeaways
- Bitcoin's core principles resonate with Islamic teachings, particularly in promoting anti-riba values that challenge conventional fiat systems.
- The creation of Bitcoin Majlis illustrates a proactive effort to educate the Muslim community on Bitcoin as a sustainable and ethical alternative to traditional banking.
Deep dives
Introduction to Bitcoin Missiles
Bitcoin Missiles is a nonprofit organization focused on educating Muslims about Bitcoin and its benefits from a sound money perspective. Co-founders Abdullah and Salah developed this initiative as they recognized a lack of awareness among Muslims regarding the implications of the current riba-based financial systems. Their aim is to provide accurate information and resources about Bitcoin, challenging misconceptions and framing it as a viable and ethical alternative to fiat currency. By aligning their mission with Islamic teachings, they seek to help the Muslim community understand Bitcoin's potential to function outside of traditional banking systems.
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