Having built a Shariah-compliant global finance industry now worth US$3 trillion, Islamic legal experts are now grappling with the question of whether cryptocurrencies are permissible for the world’s 1.8 billion Muslims. Just how are religious laws from the 7th century adapted to meet the present-day needs and economic aspirations of believers? How do Islamic jurists decide what is halal, and what happens when there’s disagreement? And how will cryptocurrencies and other emerging technologies fit into the future of Islamic finance? Dr Ryan Calder, who researches the social impacts of Shariah law, and Hassan Jivraj, Islamic finance journalist, probe these issues with presenter Ali Moore.
An Asia Institute podcast. Produced and edited by profactual.com. Music by audionautix.com. Transcript here.
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