The New Frontier E004: Bitcoin and Islam with Bitcoin Majlis
September 10, 2024
The New Frontier is a bitcoin-focused show from Onramp MENA covering conventional and Islamic finance in the Middle East. In this episode, Bitcoin Majlis founders Abdullah and Salah discuss how they see bitcoin relating to Islamic financial principles.
The New Frontier, a bitcoin-focused show from Onramp MENA, features Abdullah and Salah of Bitcoin Majlis for a discussion of bitcoin and Islamic finance. The conversation explores their view of bitcoin as anti-riba money, how they see it aligning with Islamic teachings, the role of Islamic banking in adoption, using self-custody for wealth preservation and inheritance, and Bitcoin Majlis's work educating Muslim communities. The New Frontier is editorial commentary and is not investment advice.
Frequently Asked Questions
Who are the guests on The New Frontier E004?
Abdullah and Salah of Bitcoin Majlis, a platform that educates Muslim communities about bitcoin, join the show.
What does it mean to call bitcoin anti-riba money?
The guests discuss their view of bitcoin as anti-riba money (07:30) and the entrenchment of riba in the fiat system (15:56). This is the guests' framing, not investment advice from Onramp.
How does the episode connect bitcoin and Islamic finance?
The conversation covers the role of Islamic finance and banking in adoption (09:52) and bitcoin as a solution within Islamic finance (40:14).
What does the episode say about self-custody and inheritance?
The guests discuss preserving wealth and ensuring inheritance with self-custody (52:05) and bitcoin's fixed supply and volatility (57:10). This is the show's framing, not investment advice from Onramp.
This episode is editorial and educational content. Onramp does not provide tax, legal, or investment advice. Bitcoin is volatile and may lose value. Past performance does not guarantee future results.