The concept of money has been evolving across time. Goods, gold, silver, banknotes, electronic money have all played the role of money. The birth of blockchain technology gave rise to an innovative, decentralised peer to peer payment system called Bitcoin. This gives a glimpse of a futuristic cashless, digital economy. With all the excitement and … More Bitcoin: Shariah Compliant?
The following points are a few Islamic guidelines to assist in profit sharing and distribution: Profits must not be guaranteed or fixed in absolute terms for any business partner. Thus, a fixed amount in numerals cannot be set as a profit share for any partner. Profit ratios must not be set as a percentage of … More Shariah Compliant Profit Distribution