LONDON: The Shacklewell Lane
Mosque also known as Masjid Ramadan in Dalston becomes the first mosque in the
UK to take Cryptocurrencies for Zakat and Sadaqah donations this Ramadan.
Zakat is one of the pillars of
of Islam, which is a commandment to all eligible Muslims to donate at least
2.5% of their wealth to charity.
Religious advisers declared
that Bitcoin is acceptable in the eyes of Allah, if it is “transacted in a
lawful manner”. Muslims can use two different cryptocurrencies-Bitcoin and
Ethereum for their Ramadan donations, known as zakat, or sadaqah.
“Any money or currency is
neither halal – permissible – nor haram – impermissible. Guidance is about the
value which it represents. If money is transacted in a lawful manner then it is
halal,” Zayd al Khair, a religious adviser at the mosque, told ‘The Daily
Telegraph’.
Erkin Guney, the Chairman of
the Board of Trustees at Masjid Ramadan, Zayd al Khair, an Islamic advisor at
the mosque, and Gurmit Singh, founder of a blockchain business are the people
behind this new initiative is hoping to raise at least £10,000 from
crypto-currency over Ramadan.
“We are trying to appeal to a
wider audience with the new money,” Guney told The Hackney Gazette.
“It’s big in the Islamic world,
and we have set up a platform for wealthier Muslims outside our community to
support and donate to our mosque.”
The donated money is use to
carry out essential repairs at the mosque, assisting Muslim families who are
struggling to pay funeral costs, and feeding and offering shelter to the poor.
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