Bitcoin: The Islamic discussion arrives - some aspects
February 23, 2018 | Updated at February 23, 2018
This post is an attempt to gather and link up with the increasing discussions on the subject matter from an Islamic perspective.
My last post can be found on:http://www.islamicfinance.de/?q=node/10303
My personal view is critical on bitcoin, as I do not see any other use than payments, hence no intrinsic value. Value does not come from costs creating something but in my understanding from utility, rather than price and appreciation - but maybe this point is more my thinking than a Shariah argument...
Further light on Fiqhi points are given in this paper:
https://islamicmarkets.com/publications/money-and-bitcoin-according-to-islamic-law-and-economics
Please check the following sources and my initial attempt for some comment, taking in account that...