Islamic finance

Buying Starbucks with gold? A halal investing app is making it possible.

By Kathryn Post — February 3, 2023
(RNS) — Wahed, an Islamic fintech company launched in 2017, now offers brick-and-mortar banks and gold-backed debit cards.

Is bitcoin permissible in Islam? Muslims disregard clerics’ warnings and invest

By Umar Farooq — March 8, 2018
ISTANBUL (RNS) — Religious rulings call bitcoin and other cryptocurrencies haram, or prohibited in Islam. But some people worry religious scholars do not have all the facts about how the currencies work, which might be closer to the Quranic conception of money than they realize.
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