The London mosque in Hackney said that has become the UK’s first Islamic organization that began to accept donations in the cryptocurrency.
This became possible after a month ago, we held a theological study, which proved that the use of cryptocurrency does not contradict Sharia law, reports the Independent.
The representatives of the Turkish mosque Chilwell lane in Hackney hopes to raise at least 10 thousand pounds in donations in bitcoins and ETH.
During the 30-day holiday — this year it runs from may 16 to the evening of 14 June, Muslims are encouraged to allocate 2.5% of his fortune to pay the annual Islamic tax — zakat.
“We’re trying to appeal to a broader audience with the new money. We have created a platform for the more wealthy Muslims outside of our community to support the mosque”, — quotes The London Gazette of the Chairman of the Board of Trustees of the mosque Erkin Guni.
At the same time, according to experts, if the Muslims who make up about a quarter of the world population, contribute only 1% of the current market value of bitcoin, they will collect about $1.4 billion.
“Most likely, the real figure is much higher. Currently, hardly any mosque or Islamic charity zakat are taking in cryptocurrency. They are potentially losing millions of pounds” — said Gurmit Singh, the founder of blockchain startup Combo Innovation, who advised the mosque Chilwell lane when starting a new service.
Despite the progressive proposals, while innovative donations are not very active: on may 23 to bitcoin wallet of the mosque was carried out only one installment in the amount of 100 pounds.
In April of this year, mufti Muhammad Abu Bakar, in cooperation with the Indonesian company Blossom Finance conducted a study on the functionality of bitcoin and other cryptocurrencies on their compliance with the strict rules of the Muslim religion. As a result, he came to the conclusion that bitcoin is generally acceptable to Islam, the form of payment, as it is already widely used in trade around the world.
It is noteworthy that earlier the Grand mufti of Egypt stated that trade bitcoin against the principles of Islam.