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 06:55 2017 Friday ,22 September
Mnuchin: firms must choose between US or North Korea
GMT 16:49 2017 Friday ,17 November
as smog kills more people than militancy
GMT 02:08 2017 Thursday ,31 August
Dangerous condition in Surabaya Zoo must end
GMT 08:01 2017 Friday ,03 March
Trump 'helping gut rights in Arab world'
GMT 11:03 2017 Saturday ,11 March
Ed Sheeran smashes UK chart records
GMT 07:16 2017 Wednesday ,15 February
Ahmed Falwkas is happy for “The Godfather”
GMT 21:20 2017 Thursday ,09 February
South Korean Daewoo Shipbuilding Set to Win $1.6bn Deal
GMT 15:21 2016 Wednesday ,23 November
World economy needs Trump to build bridges, not burn them
GMT 22:51 2017 Tuesday ,07 November
Oxford academic Tariq Ramadan takes leave over sex abuse probes
GMT 16:21 2018 Tuesday ,11 December
Trump bracing for tempest over Mueller probe through White House reshuffle
GMT 06:55 2018 Tuesday ,18 September
Trump orders declassification of documents in Russian investigation "White House"
GMT 23:33 2018 Saturday ,20 January
Mahmoud directs National Service Coordinative Organ
GMT 07:14 2017 Friday ,29 December
Bono, former Suu Kyi campaigner
GMT 05:37 2017 Thursday ,12 October
France, Qatar neck-and-neck for UNESCO chief
GMT 20:41 2017 Saturday ,09 December
Britain's Johnson meets Sultan Qaboos ahead of Iran trip
GMT 04:46 2017 Tuesday ,17 October
Germany's Schaeuble assails protectionism at IMF summit
GMT 23:20 2017 Wednesday ,15 February
Suicide truck bomber kills at least 15 in Sadr City suburb of Baghdad
GMT 08:10 2017 Saturday ,18 November
Shura Chairman congratulates Morocco on Independence Day
GMT 00:41 2017 Sunday ,10 September
Suicide bombers kill 27, wound 83 in northeast Nigeria
GMT 14:19 2015 Sunday ,26 April
Frank Miller working on 'Dark Knight' comic series
GMT 19:06 2017 Sunday ,19 February
New investment min.: to continue efforts to lure more investors
GMT 18:09 2017 Monday ,25 September
Curfew imposed in parts of Iraq's Kirkuk: policeGMT 20:42 2011 Thursday ,14 April
BP feels fishermen\'s fury over oil spill
GMT 07:35 2017 Wednesday ,29 March
Oman to participate in 28th Arab Summit
GMT 22:41 2017 Thursday ,12 October
Reminder for Saudi citizens: return tickets necessary
GMT 08:14 2017 Sunday ,26 November
Bali volcano spews smoke for second time
GMT 09:52 2017 Tuesday ,07 March
Barcelona believe in Champions League PSG 'miracle' mission
GMT 12:28 2018 Sunday ,25 November
Tourism company signs MoU to establish resort in Egypt's Alamein
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor