The mosque received a cryptocurrency donation

In May, it was announced that London's Shacklewell Lane Mosque would be accepting donations to its cryptocurrency wallet. On July 13, temple workers reported that they had already raised £13,983 in cryptocurrency during Ramadan, with just £3,460 donated in cash.

This amount pleasantly surprised the congregation. Mosque Chairman Erkin Güni commented: “Many people in the mosque were initially skeptical about accepting donations in digital currencies, but the fact is that we received four times more funds in cryptocurrency, and this shows us how important it is to keep up with the times.”Güni added that the mosque continues to receive cryptocurrency donations to this day. The mosque's website states that the temple accepts either Bitcoin or Ethereum. These funds will be used to repair the building, help poor families, pay for funerals, and feed and house the local poor. According to the chairman, the mosque has been accepting cryptocurrency donations for a month.

According to Reuters, the Blockchain Stellar platform recently received a financial license from the Shariah Supervisory Bureau (SRB), the central bank of Bahrain. This certificate states that the Stellar blockchain and its digital tokens are fully compliant with Shariah law.

However, although the SRB has enormous influence, it is not the full authority on Shariah law. There is an opinion among Islamic scholars that cryptocurrencies a priori cannot be halal. Asifa Quraishi-Landes told the Washington Post:

“Shariah is not a set of judicial precedents and laws. Rather, it is a set of guidelines from the Koran that indicate to Muslims the need to lead a correct lifestyle. These laws do not come from governments, they cannot be called a single set of rules.

Stellar has long been building partnerships with financial companies in the Persian Gulf. Lisa Nestor, Stellar's director of partnerships, said: "We are committed to working with companies that provide money transfers in the UAE, Saudi Arabia and Bahrain. This is a huge market."

Stellar's partnership with IBM allows the company to offer its customers fast and low-cost cross-border payments among international banks. Abu Dhabi recently signed a cooperation agreement with Hong Kong to develop financial innovations that will facilitate cross-border transfers..

At the moment, discussions about whether cryptocurrencies can be considered halal are ongoing.

According to ethnews.com