in Islam
Egypt's mufti says bitcoin forbidden
Egypt's grand mufti has said that bitcoin is forbidden in Islam
Cairo - Muslimchronicle
Egypt's grand mufti has said that bitcoin is forbidden in Islam, warning the digital currency could be used for criminal purposes.
Bitcoin, launched in 2009 and based on a peer-to-peer payment system, poses "high risks to individuals and states," Shawqi Allam said in a published ruling.
It could provide "stable and secure financial resources for terrorists and criminal groups," said Allam, who acts as the country's official interpreter of Islamic law.
Minting and issuing currency is an "absolute right" of monetary institutions and "one of the most specific functions of the state," he said.
Bitcoin is a virtual currency created from computer code. It and other virtual currencies use blockchain, which records transactions that are updated in real time on an online ledger and maintained by a network of computers.
Its value surged as high as $19,500 in December from around $1,000 last January, but has slipped back after a series of warnings from governments and analysts about the risk and volatility associated with cryptocurrencies
source: AFP
GMT 21:28 2017 Tuesday ,17 October
Farid expects increase in investorsGMT 19:13 2017 Sunday ,03 September
Diplomat underlines importance of visitGMT 14:18 2017 Thursday ,10 August
Citizens express dissatisfactionGMT 09:56 2017 Thursday ,27 July
Arafat reveals reasons of railways' lossesGMT 19:25 2017 Saturday ,15 July
Minister of planning gives priority
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
GMT 12:33 2017 Thursday ,20 April
Premier congratulated by Sudanese Ambassador
GMT 21:47 2017 Tuesday ,31 October
January 19 - February 17GMT 12:17 2011 Wednesday ,27 July
N. Korea calls for peace treaty with U.S.GMT 04:25 2011 Sunday ,21 August
Haram expansion: A new landmark in history of Islam
GMT 04:29 2014 Friday ,12 December
Healthcare program for poor people to be launched in JanuaryGMT 13:34 2012 Sunday ,29 July
Palestinian intellectual passes away
GMT 15:58 2014 Tuesday ,27 May
How to heal bones
GMT 20:40 2014 Sunday ,12 October
No plan to lift fuel, butane gas subsidies
GMT 08:29 2016 Saturday ,27 August
Turkey PM denies Syria operation singling out Kurds
GMT 14:09 2017 Wednesday ,13 September
WADA 'to clear 95 Russian athletes of doping charges'
GMT 14:59 2017 Monday ,04 September
We will not allow Iran to have a foothold in Yemen
GMT 20:17 2017 Friday ,17 March
Merkel to Meet Putin in Moscow on May 2
GMT 18:56 2017 Wednesday ,22 March
Deputy Speaker of Advisory Council Meets Indonesian Counterpart
GMT 07:19 2017 Monday ,03 April
VP gives directive for providing services to people of Northern State
GMT 15:12 2017 Monday ,03 April
ISIS elements' displacement raises Algerian, African states'GMT 13:40 2011 Saturday ,25 June
Explosions rock Myanmar\'s capital city
GMT 00:59 2014 Wednesday ,16 July
Lesline Nembhard releases introspective, provocative poetry
GMT 19:20 2017 Tuesday ,28 March
Jordanian, Saudi Foreign Ministers Review Regional DevelopmentsGMT 09:12 2013 Saturday ,16 February
Dina Abdel Fattah: Promoting Egypt\'s activists
GMT 18:06 2017 Saturday ,02 September
Libya’s Sarraj appoints new military chief of staff
GMT 09:09 2016 Monday ,22 August
'Marvellous' Rio flames out
GMT 07:58 2017 Monday ,05 June
Music stars unite in Manchester as fans face down fears
GMT 16:11 2017 Sunday ,29 October
IFC closes $653 million financing for Egypt solar plants
GMT 14:15 2015 Thursday ,11 June
3 astronauts land in Kazakhstan after delayed return from ISS
GMT 14:35 2017 Saturday ,28 October
South Sudanese president to visit Sudan
GMT 12:24 2017 Tuesday ,06 June
The online battle for General Election votes
GMT 03:33 2017 Saturday ,18 February
Mexican drug kingpin 'El Chapo' extradited to US
GMT 10:02 2017 Sunday ,03 September
Death toll in Mexico from Tropical Storm Lidia rises to 7
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
