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An overview of the lecture on “Cryptocurrencies: Sharia-compliance issues”

An overview of the lecture on “Cryptocurrencies: Sharia-compliance issues” Date: 18/11/2021 Day: Thursday  Time: 12PNOON (Kuwait time) Speaker:…

An overview of the lecture on “Cryptocurrencies: Sharia-compliance issues”

  • Date: 18/11/2021
  • Day: Thursday 
  • Time: 12PNOON (Kuwait time)
  • Speaker: Dr. Anwar Misbah Soubrah, Lecturer at the Beirut Islamic University 
  • Organizer: Islamic Econmics Association, Faculty of Shariah and Islamic Studies, Kuwait University 
  • Web: https://shariaa.org 

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Introduction:

Islamic Economics Association at the Faculty of Shariah and Islamic Studies, Kuwait University is continuously conducting various types of events and lectures to promote Islamic Finance framework, strategies and standards. In regard to that the lecture on “Cryptocurrencies: Sharia-compliance issues” was held on 18 November 2022. Dr. Mohammad Mohiuddin, the Moderator of the session started the session and briefly introduced the Association and the speaker to all participants. The speaker Dr. Anwar Misbah Soubrah addressed the background of the topic of the lecture at the beginning and mentioned the content of the lecture. Then the lecturer discussed briefly trend of Peer-to-Peer transactions and perspectives of cryptocurrencies. 

Keywords: Cryptocurrency. Transaction.   

Objectives:

The objectives of the lecture are:

  1. to introduce cryptocurrencies 
  2. to address the characteristics of cryptocurrencies 
  3. to address peer to peer transactions
  4. to explain the evolution of bitcoin 
  5. to discuss shariah compliant issues in cryptocurrencies

 

Discussions:

Dr. Anwar Misbah Soubrah greeted the participants and welcomed them to the discussion. Then the speaker explained the following issues relevant to cryptocurrencies:

  • Definition of cryptocurrency
  • characteristics of cryptocurrency
  • Peer-to-Peer transactions
  • Perspectives of cryptocurrencies
  • Price evolution of bitcoin, and
  • Shariah compliant issues of cryptocurrencies

Link:

https://www.youtube.com/watch?v=IXFW7IAcs24

May Allah accept all our good deeds and services.

Prepared by:

Dr. Mohammad Mohiuddin

Moderator of the session

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