Islamic Law in the News Roundup

ISLAMIC LAW IN THE NEWS Scholars of Islamic law have continued to debate the question of whether the use of cryptocurrencies is permissible under Islamic law.  For more content and context on Islamic debates over the permissibility of using cryptocurrencies, consult the contributions by our Research Editor Raha Rafii here and here. Some Muslim rights … Continue reading Islamic Law in the News Roundup

Islamic Law in the News Roundup

ISLAMIC LAW IN THE NEWS Borno State Governor (Nigeria), Professor Babagana Zulum, urged the Nigerian "government to establish an institutional framework that would guide the conduct of fatwa." As Saudi Arabia is debating amending its blood money law, some sources have reported that the Shoura Council considering the amendments declined to discuss inserting the following … Continue reading Islamic Law in the News Roundup

In the News: Islamic Banks and FinTech

Last month, a representative of the Malaysian Industry-Government Group for High Technology—a public-private taskforce overseen by the prime minister to examine ways of using new technology to promote business opportunities—suggested that Islamic banks could reduce legal and administrative costs by using "blockchain." Blockchain is a type of electronic ledger, and according to the representative, blockchain … Continue reading In the News: Islamic Banks and FinTech