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, found...
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