UK Mosque Plans to Accept Bitcoin and Ethereum for Alms and Zakat this Ramadan

[mskumar]

While Islam frowns at high-interest rate lending, currencies not backed by commodities or assets, and Ponzi schemes, the Shacklewell Lane mosque in London has caught the bitcoin bug and has made it possible for Muslims in the area to give alms and make donations to the mosque with cryptocurrencies.

Bitcoin for Zakat and Sadaqah
In what seems like a forward-thinking maneuver, the UK’s first Turkish-owned Mosque is accepting bitcoin and Ethereum’s ether this Ramadan season.

“The zakat will be used to feed the poor in our local community and help others in need. We will also put a portion aside to help with the urgent renovations needed at the mosque. Inshallah (by God’s grace) the cryptocurrency campaign is a success, and we do receive donations. If it works, I’m sure many other mosques and Islamic charities, not just in Britain but worldwide, will start doing the same,” said the Mosque chairman, Erkin Guney.

According to Yahoo Finance, Gurmit Singh, the owner of a tech company introduced the idea of crypto integration to the mosque and enlightened them on the benefits.
Source:https://btcmanager.com/uk-mosque-plans-to-accept-bitcoin-and-ethereum-for-alms-and-zakat-this-ramadan/?utm_source=onesignal&utm_medium=push

[felixesteban]

Crypto's are slowly becoming accepted in many places. As long as people continue to have intense interest in cryptos, both governments and large companies will have to recognise.