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buy bitcoin in saudi arabia

Buy and sell bitcoins near you. Fast, easy and private.

Displaying bitcoin prices among Gold and Crude oil is intentional (in my opinion) especially with the wave of Saudi media encouraging people to diversify income and not only rely on jobs (unemployment crisis).. As Bitcoin does not deal with interest, as of now, it conforms to Islam better than fiat.

the clerics talking in favor of Cryptos is also great.. FIAT currency which is based on usury and banks who deal fractional reserves is not allowed in islam.

This means basically all Banks that deal with with interest are haram (prohibited).

However gambling with your livelihood is not allowed in islam, so the speculative price of bitcoin that can ruin people life will definitely be frowned up on by clerics.

So once the prices settle down, cryptocurrency with no interest and no middle man fees and the fact that you have full control of your money is a better option for Muslims. I tried to look this up, and it seems currently, the consensus is that working in banks are haram, but having your savings in a bank is somewhat acceptable, especially for businesses as they cannot operate properly without it, in fact a large part of the economy cannot operate without it.

If bitcoin ever becomes a VERY STABLE store-of-value (which I think requires it to reach a very high market cap, ala gold's $8T, so that whales can no longer manipulate the price easily as they make "smaller waves" in the market), I can see this view MASSIVELY shifting to the idea that even using a bank (and not just working in it) is haram in itself.

شركة fxpro

Does anybody know an easy way to get some bitcoins in saudi arabia. to buy bitcoin using. that there is more Bitcoin mining in Saudi Arabia.

Displaying bitcoin prices among Gold and Crude oil is intentional (in my opinion) especially with the wave of Saudi media encouraging people to diversify income and not only rely on jobs (unemployment crisis).. As Bitcoin does not deal with interest, as of now, it conforms to Islam better than fiat.

the clerics talking in favor of Cryptos is also great.. FIAT currency which is based on usury and banks who deal fractional reserves is not allowed in islam.

This means basically all Banks that deal with with interest are haram (prohibited).

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