in Islam
Egypt's mufti says bitcoin forbidden
Egypt's grand mufti has said that bitcoin is forbidden in Islam, warning the digital currency could be used for
Cairo - Arab Today
Egypt's grand mufti has said that bitcoin is forbidden in Islam, warning the digital currency could be used for criminal purposes.
Bitcoin, launched in 2009 and based on a peer-to-peer payment system, poses "high risks to individuals and states," Shawqi Allam said in a published ruling.
It could provide "stable and secure financial resources for terrorists and criminal groups," said Allam, who acts as the country's official interpreter of Islamic law.
Minting and issuing currency is an "absolute right" of monetary institutions and "one of the most specific functions of the state," he said.
Bitcoin is a virtual currency created from computer code. It and other virtual currencies use blockchain, which records transactions that are updated in real time on an online ledger and maintained by a network of computers.
Its value surged as high as $19,500 in December from around $1,000 last January, but has slipped back after a series of warnings from governments and analysts about the risk and volatility associated with cryptocurrencies
Source: AFP
- Thursday ,16 November GMT 01:09 2017 Egypt ruling to reinstate ergot ban renews wheat import uncertainty
GMT 07:53 2017 Wednesday ,06 December
World Bank approves latest $1 bn loanGMT 01:09 2017 Thursday ,16 November
Egypt ruling to reinstate ergot ban renews wheat import uncertaintyGMT 11:42 2017 Wednesday ,17 May
Iqwa stresses on cooperation between Egypt and ChinaGMT 18:27 2017 Friday ,28 April
Re-running suspended factories is the first step to riseGMT 19:46 2017 Thursday ,13 April
Egypt ranks third in the world in mining
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 20:28 2017 Tuesday ,07 November
Rahma create winter clothes in innovative way
GMT 21:53 2017 Monday ,04 September
Ajman Chamber, DED-Dubai ink MoU on Empay
GMT 20:24 2017 Monday ,24 April
Bahrain participates in Arab Media Forum
GMT 23:46 2017 Wednesday ,29 November
UAE Government, World Economic Forum launch ‘Sustainable Development
GMT 23:44 2017 Friday ,17 November
Senior Chinese envoy in N. Korea amid chill in ties
GMT 08:23 2018 Tuesday ,02 January
Private industry captains discuss job creation for Omanis
GMT 12:41 2017 Friday ,18 August
Call for Tenders Launched for Construction of University Hospital in LaâyouneGMT 12:09 2012 Wednesday ,05 September
Emma Watson talks body image
GMT 03:32 2017 Thursday ,12 October
A magnitude 6.0 earthquake strikes disasterhit Ecuador
GMT 06:57 2017 Friday ,13 October
Spain marks national day with show of unity
GMT 20:58 2017 Tuesday ,03 October
Injured Uchimura's reign ends at Gymnastics Worlds
GMT 08:45 2017 Saturday ,05 August
Mashael to end her new album for 2017
GMT 22:11 2016 Tuesday ,14 June
Israel nabs 8 Palestinians including woman in West Bank
GMT 13:09 2017 Saturday ,13 May
Syrian Democratic Forces pushed ISIS to withdraw from Tabaqa area
GMT 17:44 2017 Thursday ,11 May
US. Navy to continue freedom of navigation patrols in South China Sea
GMT 15:41 2017 Tuesday ,25 July
Coach withdrew his resignation after a call
GMT 12:48 2017 Monday ,27 November
King Mohammed VI to Take Part in EU-AU Summit in Abidjan
GMT 10:40 2018 Tuesday ,20 November
Uber resumes service in Abu Dhabi after 2 years of suspension
GMT 11:58 2018 Sunday ,07 October
Popular festival in Ein al-Tina occupied Golan marking 45th anniversary
GMT 16:09 2018 Friday ,05 October
Korea’s Busan international film festival reels in the stars
GMT 01:53 2017 Sunday ,30 April
Hong Kong police charge pro-independence activists with unlawful assembly
GMT 08:53 2018 Saturday ,20 January
US to overtake Saudi as crude oil producer: IEA
GMT 00:53 2018 Saturday ,13 January
Chinese delegation calls on CM Shehbaz
GMT 08:07 2018 Friday ,12 January
Spain to oppose ex-Catalan leader being re-elected
GMT 01:00 2018 Friday ,12 January
Shop Bahrain Festival 2018 launched
GMT 02:31 2017 Wednesday ,01 March
Illegal migration, German NGO's operations in Egypt to be discussed between Sisi, Merkel: German ambassador
GMT 10:00 2017 Thursday ,27 April
Lynch ends retirement for Raiders move
GMT 19:07 2017 Friday ,14 July
Thailand, Cambodia accept RI recommendation
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor