Bitcoin and Islamic Finance: Is Bitcoin Allah's Money?
Aug 31, 2024In the latest episode of BitcoinHardTalk, I had one of the most intriguing conversations to date with Abdullah, better known as the Muslim Bitcoiner. This episode dives deep into the question that’s been on the minds of many: Could Bitcoin be Allah's money? We explored this idea from economic, theological, and spiritual angles, and I believe our discussion will give you a completely new perspective on the potential of Bitcoin—not just as a financial asset, but as a force for ethical and spiritual alignment.
Abdullah and I tackled some of the most critical issues plaguing our current financial system, a system built on the shaky foundations of usury and debt. These are practices that Islam, along with many other religions, condemns for their inherent injustice. Our current fiat system, with its endless creation of money through debt, has driven society into a cycle of wealth inequality and economic instability. It’s a system that many of us believe is steering humanity away from the values of fairness, justice, and ethical responsibility.
What makes this episode truly special is how we connected the dots between Bitcoin and these core values. Abdullah shared his journey of discovering how Bitcoin's decentralized nature and fixed supply could offer a return to the principles of sound money—principles that align closely with Islamic finance. We also delved into how Bitcoin can help revive and strengthen the institution of Zakat, the Islamic practice of charitable giving, by enabling direct, borderless transactions. In a world where traditional financial systems often fall short, Bitcoin offers a way to fulfill these obligations with greater efficiency and impact.
This conversation isn't just another episode of BitcoinHardTalk; it’s a thought-provoking exploration of how Bitcoin could reshape our financial and ethical practices. Whether you’re deeply involved in the Bitcoin space or just beginning to explore it, I believe this episode will captivate you and challenge the way you think about money, ethics, and the future of finance.
I strongly encourage you to watch the full episode directly on the blog page. Trust me, you don’t want to miss this one. The insights we discussed are crucial for anyone looking to understand the broader implications of Bitcoin, not just as an investment but as a potential tool for building a more just and ethical world.
If this episode resonates with you, please share it with your friends, family, and anyone who might be interested. Your support helps spread the message and brings more people into these important conversations. And if you haven’t already, make sure to subscribe to my YouTube channel so you never miss an episode. You can subscribe here.
For those of you who want to stay on top of the latest developments in Bitcoin, macroeconomics, and geopolitics, I invite you to join the BitcoinHardTalk Membership Portal. This portal is designed for those who need to stay up-to-date with the market every day. It’s a free resource that will help you prepare for a future shaped by Bitcoin and Central Bank Digital Currencies (CBDCs). You’ll get exclusive content and insights that you won’t find anywhere else. Join here.
And if you’re serious about building and protecting your Bitcoin wealth, consider applying for my Bitcoin Wealth Builder Program. This program is tailored for those who want a complete plan and path to becoming a high-net-worth Bitcoin investor. It’s designed to equip you with the knowledge and strategies you need to navigate the complexities of the Bitcoin ecosystem and secure your financial future. If you’re ready to take your Bitcoin journey to the next level, apply here.
Lastly, I’d love for you to connect with me on X (formerly Twitter), where I’m most active. With over 152.5K followers, our community is growing, and it’s the best place to stay updated on all things Bitcoin, finance, and more. Follow me here: Simon Dixon on X.
Remember, BitcoinHardTalk episodes air every week at 6 pm BST, but when I have a special guest like Abdullah, I often schedule additional episodes on Fridays at 4 pm BST. So, mark your calendars and make sure you’re subscribed so you don’t miss out on these valuable discussions.
Thank you for being a part of this journey. Together, we’re exploring the potential of Bitcoin not just as a financial asset, but as a force for ethical and spiritual change. Watch the full episode now, share it, and join the conversation.
Let’s continue to push the boundaries of what’s possible, and let’s do it with Bitcoin at the heart of our efforts.
Disclaimer:
The views and opinions expressed in this blog post are solely mine and those of my guest, Abdullah, the Muslim Bitcoiner. They do not necessarily reflect the opinions of any organizations we are affiliated with. While this blog post was written with the assistance of AI for clarity and conciseness, the content and opinions remain ours.
Please note that the information presented is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a qualified professional before making any investment decisions.