BITCOIN – CRYPTOCURRENCY: Halal or Haram?
About the Course:
The financial economy is undergoing drastic changes, which is further fuelled by fintech (technology used to enable banking and financial services and now one of the fastest-growing areas for venture capitalists). We are dealing with virtual and digital products, which have no intrinsic value per se. This has presented many fiqhi challenges for Muslims due to non-precedence in the classical Islamic Law, and therefore requiring deep investigation from different angles in order to position the ummah in this financial evolution. Bitcoin is an emerging investment tool, which has the potential to substitute fiat money. Is this an acceptable (Halal) monetary substitute and can Muslims invest in it? This timely workshop explores some of the burning fiqhi issues pertaining to Bitcoin.
Date, Time & Venue:
Friday 17th November 2017
6.00pm – 9.00pm
£20.00 (includes hand-outs and course completion certification)
Shaykh Faizal Manjoo is an attorney at law, an academic and also a Shari’a scholar from South Africa, and a member of the Shari’a Supervisory Board of a number of Islamic Financial Institutions in South Africa, Bahrain, France and Mauritius. Presently based at the Markfield Institute for Higher Education (Leicester), he lectures in many universities as a guest lecturer and is a consultant in the field of Islamic Finance, family law and commercial law. He has authored a number of seminal works on Islamic Finance and is regular presenter at international conferences.
Mufti Faraz Adam completed his Alimiyya studies in Leicester & qualified as a Mufti in South Africa. He further completed a Masters degree in Islamic Finance, Banking and Management at the Markfield Institute for Higher Education. Currently, he is a Zakat advisor at the National Zakat Foundation; a Shariah advisor to a number of organisations including Ethica and Simply Ethical. He is the director of Amanah Finance Consultancy & founder of www.darulfiqh.com.
Jibreel Institute is the Arabic Language and Islamic Studies provider for adults at the East London Mosque and London Muslim Centre, offering a curriculum of quality classical and contemporary scholarship with balance and creativity made accessible and affordable.