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The "What is Money?" Show
The Islamic Case for Bitcoin with Harris Irfan (WiM482)
Jun 19, 2024
01:31:05
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Harris Irfan, The Islamic Case for Bitcoin expert, discusses the intersection of Bitcoin and Islamic economic models, Islamic banking's evolution, societal values, and the importance of ethical finance. The conversation highlights Bitcoin as resistance money, Islamic perspective on monetary freedom, and Bitcoin's alignment with Islamic economic principles.
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Quick takeaways
- Bitcoin aligns with Islamic finance principles of ethical transactions and real economy financing.
- Bitcoin serves as a tool for resistance against authoritarian rule and financial restrictions.
Deep dives
Challenges in Fiat Currency and Islamic Finance
Fiat currency's debt-based nature poses fundamental challenges. The ability of banks to create money from nothing results in systemic issues of usury. Islamic finance principles highlight the importance of ethical transactions and real economy financing. The integration of Bitcoin into Islamic finance signals a new approach to money that aligns with deferred gratification and ethical economic principles.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode