In Islam interest is not allowed. I’m not an expert but as I understand it if you take a loan from the bank you essentially agree to split the profits of your endeavour that you borrow the money for.
To frame this in a bitcoin world. If I lend someone 1BTC to start a business we might agree to split the profits on a percentage basis until 1.1BTC has been returned to me.
Both parties can agree on a mutually acceptable profit split and total return
wymike /
npub1nc…vg998
2024-09-20 10:28:04
in reply to nevent1q…zvhw
Author Public Key
npub1ncrx9aecyw72ft2qpcnvdu469ak0d8ttn4prs0exvty9s3hwu9vsrvg998Published at
2024-09-20 10:28:04Event JSON
{
"id": "7f70bf319539eb6cf302d7de5f75830321a3f326c0f4ae5f32949c73d311fc1f",
"pubkey": "9e0662f73823bca4ad400e26c6f2ba2f6cf69d6b9d42383f2662c85846eee159",
"created_at": 1726828084,
"kind": 1,
"tags": [
[
"e",
"05e202651792f4afbc6f5701fcb94d34a90e7f6b2bf567dcfac1221dc0ecf9b9",
"",
"root"
],
[
"p",
"b62d136ad78d879953306389ae482f45331ea4f9be707e7f1ecf85c207fd0861"
]
],
"content": "In Islam interest is not allowed. I’m not an expert but as I understand it if you take a loan from the bank you essentially agree to split the profits of your endeavour that you borrow the money for.\n\nTo frame this in a bitcoin world. If I lend someone 1BTC to start a business we might agree to split the profits on a percentage basis until 1.1BTC has been returned to me.\n\nBoth parties can agree on a mutually acceptable profit split and total return",
"sig": "11087f89b6013fb98f4c50e6abb01e53bc02b680e49aa600691c890b7a8df7beaf650868131e165870c2de05100a6ce967f679a413c2d63ea8ecc700c8fe7fdf"
}