Any coin that is under the authority of someone, or of some entity, GovBankCorp, governance, etc... is doomed to fail from day one. This shitcoin is no different. And just like this shitcoin, Stay Away From Islam. Dubai's ruling royal family is about to enter the crypto space with Islamic coin. by massimoed Obligatory Warnings: This is not financial advice, DYOR. This is neither a shill nor some religious fanboy post , just sharing my deep dive on something interesting I came across, which at first glance seemed like a joke. Dubai is already one of the most crypto friendly country being a safe haven for exchanges & having 0% tax on capital gains from crypto. Today while looking into the rain exchange being approved in UAE, I came across a post about Islamic coin (ISLM), at first I thought it was some joke, like a meme coin or something, like we're gonna have some religious crypto battle with other religion named coins. Then I discovered that it's actually being launched by the members of ruling family of Dubai. Obviously they have the funds to fund their project, but they have outside funding of over 400 million as well, with 200 million deal in June from Alpha Blue Ocean's ABO digital. (I believe it's a french VC firm). I went to their website, read the white paper & researched it around the internet and here's my list of red flags (mostly) & green flags: Red flags: I looked into it's white paper, mostly some bullshit about "empowering the Islam followers of the world" This is an actual quote from the white paper: "If 3-4% of the Muslim online community will hold Islamic Coin, it will become a bitcoin-scale crypto asset, generating a trillion dollars for its holders, and $100 billion for the Evergreen DAO". This makes it seem that they just wanna excite the investors & only care about making gains. The total token supply will be 100 billion (which reminds me of XRP & how heavily dumped it is). The initial supply will be 20 billion. 4.3 billion coins will be minted every in the first two years, from then on out the emissions will be reduced by 5% every two years. This means more than half of the supply (50 billion) will be out there within 18 years. 4.3 Billion tokens potentially being dumped is every two years is not good for price action. They have an oracle called "Shariah" for on-chain registry of halal certificates, so any dApp on it must get this approval which is ultimately the decision of the "Shariah board", so basically the royal family controls what goes on there. The initial token supply is not great with a lot of tokens going to initial investors & not making it clear how much exactly is gonna be Airdrops: 2 billion – Evergreen Foundation: Charity fund & fund for other web3 projects. 5.5 billion – Partners & initial investors 4 billion – Private Sale 5.5 billion – Business reserve for airdrops, operational costs, grants. 3 billion – For founders (Royal family I guess) Obviously a government (ruling family, in this case) launching a token is more about control rather than anything else. Green flags: Their blockchain HAQQ is ethereum codebase compatibility (so devs can build using the same tools as in ethereum) & IBC (Inter-blockchain communication protocol) that allows interoperability with other IBC compliant chains like cosmos & in future, ethereum. They've been developing it since 1 year with testnet, then main-net & so far being on point with each milestone. The biggest green flag is that the royal family obviously have deep pockets & deep connections. In Q4 2023, they're gonna implement ISLM coin as payment method with 20 major partners in MENA (Middle-east North Africa region), launch a mastercard backed by their coin. They're also gonna launch gold pegged stable coin in cooperation with UAE banks. Both red & green flag: The royal ruling family: This might be just a way to make their pockets even deeper, but then again their pockets are already deep & this could actually be a genuine way for them to compete in the web3 space with every country trying to make their own blockchain. Dumping their own token & egging their face will be bad PR on an international stage, but there could be slow sell offs to potentially make billions. Token & airdrop The airdrop snapshot has already been taken. The token hasn't been launched yet. There's another coin with a similar name (IslamiCoin) that has pumped ~300% in the last 10 days, obviously stay away from it. My thoughts It's probably not gonna be a pump & dump for royal family to make their pockets deeper. But there's probably gonna be an initial dump because 50% of initial supply is going to initial investors. I think it's more about control, with crypto being embraced by them they wanna steer the public more towards their coin rather than others. They're doing this by making their wallet & mastercard an "easy way" to pay for goods & services and people probably are gonna use it, since most muslims care about goods & services being halal & any merchant that the coin works with will be halal certified. They'll probably gonna expand into doing large transactions with their gold pegged stable. I'm not gonna be apeing into it, I'm gonna see how it plays out for a few months. That's all folks!! [–]seva98 65 points66 points67 points 1 day ago (65 children) Isnt this against their religion? permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 101 points102 points103 points 1 day ago (27 children) They decide what the religion is, when it suits them permalink embed save parent report give award reply [–]LePanzerIn Satoshi we trust 49 points50 points51 points 1 day ago (20 children) As all religions do. permalink embed save parent report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 15 points16 points17 points 1 day ago (12 children) Religions have rules until they change. permalink embed save parent report give award reply [–]Odd-Radio-8500Tin | 2 months old 3 points4 points5 points 1 day ago (0 children) Right, religions have rules we interpret it for our liking. permalink embed save parent report give award reply [–]itbedeef 7 points8 points9 points 1 day ago (8 children) Let's make our own religion rules! permalink embed save parent report give award reply [–]Easy-Medicine-8610Tin 2 points3 points4 points 1 day ago (0 children) Sounds like plain ol humans to me. permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 2 points3 points4 points 1 day ago (2 children) Let's make our own We already did. The 10 commandments of /r/cryptocurrency can be found listed on the right hand side of this sub. permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2 points3 points 1 day ago (1 child) And you, sir, are one of our prophets. permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 2 points3 points4 points 1 day ago (0 children) The closest to profit seen in this sub. permalink embed save parent report give award reply [–]Da_OG_EnderTin | 6 months old 3 points4 points5 points 1 day ago (3 children) With hookers and beer! permalink embed save parent report give award reply [–]ztkraf01Platinum | QC: BTC 100, CC 94 | MiningSubs 30 -1 points0 points1 point 1 day ago (0 children) Catholics do this. Except the hookers are little boys permalink embed save parent report give award reply [–]White__Walter 0 points1 point2 points 21 hours ago (0 children) You mean Tits and Wine? permalink embed save parent report give award reply [–]deathbyfish13Free Range Moon Farmer 1 point2 points3 points 1 day ago (0 children) That's deep permalink embed save parent report give award reply [–]PiedDansLePlatPlatinum | QC: CC 58 | ADA 8 | Superstonk 16 0 points1 point2 points 19 hours ago (0 children) Religion small rules changes, the overall dogma stay the same. They try to gives one truth and a moral, but that's their strenght and weakness permalink embed save parent report give award reply [–]tasfarell 7 points8 points9 points 1 day ago (3 children) Ppl like to forget about all the books they took out of the bible. https://totallythedream.com/books-removed-from-the-bible/ permalink embed save parent report give award reply [–]LePanzerIn Satoshi we trust 5 points6 points7 points 1 day ago (1 child) They never read : "There she lusted after her lovers, whose genitals were like those of donkeys and whose emission was like that of horses." in church as well :( permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 0 points1 point2 points 1 day ago (0 children) They never read : Be the change you want to see in the world. permalink embed save parent report give award reply [–]Purple_is_masculineTin -1 points0 points1 point 1 day ago (0 children) Nothing removed, they just didn't use those texts when compiling the Bible. And those texts were of varying quality, some basically ancient fanfiction.. permalink embed save parent report give award reply [–]Hawke64Platinum | QC: CC 199 3 points4 points5 points 1 day ago (2 children) Maybe we should start one. We can call it Cramer's Witnesses or something like that. permalink embed save parent report give award reply [–]LePanzerIn Satoshi we trust 0 points1 point2 points 1 day ago (1 child) Cramers Witnesses knock on your door and ask: "Do you have a moment for us to urge you to sell your bitcoins NOW?!" permalink embed save parent report give award reply [–]tomasbabr 2 points3 points4 points 1 day ago (0 children) Thats for sure, rules are rules until they decide to alter them to benefit themselves. permalink embed save parent report give award reply [–]prkr88Bronze | QC: CC 19 | LRC 31 | ExchSubs 20 0 points1 point2 points 1 day ago (0 children) Cheers! 🍻 permalink embed save parent report give award reply [–]KingHiggins92 0 points1 point2 points 1 day ago (0 children) The correct answer and with upvotes. Wow Reddit did good today. permalink embed save parent report give award reply [–]confirmSuspicionsPlatinum | QC: ALGO 127, CC 74 | PCgaming 78 0 points1 point2 points 1 day ago (0 children) As is tradition permalink embed save parent report give award reply [–]omghag18 0 points1 point2 points 1 day ago (0 children) Better to stay away from religious things in crypto permalink embed save parent report give award reply [–]obsessedgleaner194 7 points8 points9 points 1 day ago (1 child) money is true religion permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2 points3 points 1 day ago (0 children) The ultimate god of all peoples in this world. permalink embed save parent report give award reply [–]skankhunt_4Tin 4 points5 points6 points 1 day ago (0 children) Not per se, as long as no interest is involved. permalink embed save parent report give award reply [–]tomasbabr 2 points3 points4 points 1 day ago (0 children) People tend to forget about things when it comes to money.. permalink embed save parent report give award reply [–]Josefumi12 7 points8 points9 points 1 day ago (1 child) They got $Halal already /s permalink embed save parent report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 1 point2 points3 points 1 day ago (0 children) Oh no permalink embed save parent report give award reply [–]peskyant 2 points3 points4 points 1 day ago (2 children) it is? we aren't supposed to get interest, but who says about cryptocurrency permalink embed save parent report give award reply [–]sakata32Platinum | QC: CC 742 2 points3 points4 points 1 day ago (0 children) yeah what part of it is against the religion? permalink embed save parent report give award reply [–]Easy-Medicine-8610Tin 1 point2 points3 points 1 day ago* (0 children) Is a royal rug pull different than a generic rug pull? I'm just curious if there is more prestige in being royally rugged. permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 1 point2 points3 points 1 day ago (0 children) Isnt this against their religion? I don't think the Quran quite covered off the rules for trading DOGE and PEPE. You may be referring to references regarding the earning of "interest", which this does not do. permalink embed save parent report give award reply [–]The_Chorizo_BanditSilver | QC: CC 846, XRP 41 | TRX 28 2 points3 points4 points 1 day ago (0 children) I’d imagine having obscene amounts of money, having people carry out murders for you, and generally ignoring a lot of the rules of your religion is against their religion, but here we are… /s permalink embed save parent report give award reply [–]AverageCadian 1 point2 points3 points 1 day ago (0 children) My first thoughts exactly. Plenty of islamic mates who don't even have interest on their savings accounts. Would love to know how this would work. permalink embed save parent report give award reply [–]CymandeTV 1 point2 points3 points 1 day ago (0 children) Easy when the money flows already. They already have the black gold. Why not the digital one now? permalink embed save parent report give award reply [–]robbie5643Platinum | QC: CC 77 1 point2 points3 points 1 day ago (0 children) Charging interest is for sure (regardless if it’s followed/they use work arounds) but I’m pretty sure they’re significant debate about receiving it if the profits aren’t from other Muslims. I’m also not sure if this counts as equity bs interest so I’m thinking it’s largely ok. Full disclosure not Muslim but I work in banking and this was super fascinating to me, so I’ve had some conversations about this specifically with Muslims lol permalink embed save parent report give award reply [–]CryptoTechLyfe 1 point2 points3 points 1 day ago (0 children) Simple answer: No. Crypto is not inherently against the Islamic religion. permalink embed save parent report give award reply [–]Tasigur1Tin 1 point2 points3 points 1 day ago (0 children) Crypto is ok, interest is forbidden! permalink embed save parent report give award reply [–]Legal-Bid2695 2 points3 points4 points 1 day ago (1 child) Thats what I was thinking permalink embed save parent report give award reply [–]QptimisedTin 0 points1 point2 points 1 day ago (0 children) It's Haram for sure. permalink embed save parent report give award reply [–]BrocoliAssassin 0 points1 point2 points 1 day ago (0 children) Just as long as you don't draw the coin's logo anywhere you should be fine. permalink embed save parent report give award reply [–]sgtslaughterTVPlatinum | QC: CC 204, NANO 48, BTC 27 0 points1 point2 points 1 day ago (0 children) I'm a Muslim and recited Shahada a few months ago. There is ongoing debate about whether or not bitcoin is Haram in Muslim societies globally. Personally, there is no doubt in my mind that staking cryptocurrency is Haram, as this introduces something that is known as "Riba", or "interest". But holding cryptocurrency is not. permalink embed save parent report give award reply [–]XWarriorYZPlatinum | QC: CC 710, CCMeta 23 | Stocks 32 -1 points0 points1 point 1 day ago (0 children) Money is the only true religion permalink embed save parent report give award reply [–]harveytentTin -1 points0 points1 point 1 day ago (0 children) Nah the sharia board said it’s ok and they trump all others like that far out there Muhammad dude permalink embed save parent report give award reply [–]kraygus -1 points0 points1 point 1 day ago (0 children) Yes, but they changed it. permalink embed save parent report give award reply [–]_Zazu95_Tin | CC critic | ADA 15 -1 points0 points1 point 1 day ago (0 children) It definitely is😂 permalink embed save parent report give award reply [–]lordofming-risesSilver | QC: CC 468 | CRO 70 | Superstonk 237 0 points1 point2 points 1 day ago (0 children) I think staking is Haram so not really against but the airdrop and rewards is permalink embed save parent report give award reply [–]Dingle-DingusTin 0 points1 point2 points 1 day ago (0 children) Serious question: how would minting a cryptocurency being against their religion? permalink embed save parent report give award reply [–]HairyChest69 0 points1 point2 points 1 day ago* (0 children) Bitcoin is your God now. permalink embed save parent report give award reply [–]DrinkMoreCodeMoreSilver | QC: CC 347, GPUmining 29, ETH 16 | ADA 42 | Hacking 143 0 points1 point2 points 1 day ago (0 children) For anyone curious, Muslims/the Islamic banking system have some very odd and interesting banking rules. https://en.wikipedia.org/wiki/Riba https://www.investopedia.com/terms/r/riba.asp permalink embed save parent report give award reply [–]xyzzy8 0 points1 point2 points 1 day ago (0 children) I don’t think cryptocurrency was around in 600-700 AD permalink embed save parent report give award reply [–]kanzie_blitzPlatinum | QC: CC 25 0 points1 point2 points 1 day ago (0 children) It’s halal! permalink embed save parent report give award reply [–]ArcosimSilver | QC: CC 51 | VET 22 | Technology 39 0 points1 point2 points 1 day ago (0 children) That didn't stop other religions from doing it in the past, they usually delegate the task itself to "heathens". permalink embed save parent report give award reply [–]correkt-horse 0 points1 point2 points 21 hours ago (0 children) Well, I guess the ruling royal family of Dubai is proving that even religious beliefs can adapt to the ever-evolving world of cryptocurrencies. permalink embed save parent report give award reply [–]OffenseTaker 0 points1 point2 points 14 hours ago (0 children) staking is haram permalink embed save parent report give award reply [–]ChemicalAnybody6229 15 points16 points17 points 1 day ago (6 children) Christian coin Loading....... 10 billion circulating suply permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 9 points10 points11 points 1 day ago (2 children) $JEW has entered the chat permalink embed save parent report give award reply [–]TrifBoiBronze 0 points1 point2 points 1 day ago (0 children) $TAO knocks on door permalink embed save parent report give award reply [–]Legal-Bid2695 2 points3 points4 points 1 day ago (0 children) The crusaders permalink embed save parent report give award reply [–]Biff-1985-Tannen 1 point2 points3 points 1 day ago (0 children) Does it purchase children to rape or something? permalink embed save parent report give award reply [–]Easy-Medicine-8610Tin 1 point2 points3 points 1 day ago (0 children) The $Atheist coin community denies your existence on the chain permalink embed save parent report give award reply [–]eat-sleep-rave 14 points15 points16 points 1 day ago (5 children) I think Quran is against lending money for profit. It says nothing about releasing a coin permalink embed save report give award reply [–]Legal-Bid2695 4 points5 points6 points 1 day ago (1 child) Thats why it is 0% tax permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 0 points1 point2 points 1 day ago (0 children) They should have used Banano instead permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 0 points1 point2 points 1 day ago (0 children) It says nothing about releasing a coin "It's OK bro, we changed the word, so it's all good now!" permalink embed save parent report give award reply [–]MagicPlumberLow Crypto Activity 0 points1 point2 points 1 day ago (0 children) They found the loophole. permalink embed save parent report give award reply [–]Kindly-Wolf6919 13 points14 points15 points 1 day ago* (1 child) How bout no. This definitely won't end well so I hope whoever falls for this likes giving away their money. permalink embed save report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 0 points1 point2 points 1 day ago (0 children) This definitely won't end well so I hope whoever falls for this likes giving away their money. We can paste this comment against 99.9% of tokens. permalink embed save parent report give award reply [–]socialpetroll 5 points6 points7 points 1 day ago (1 child) I'm a degenerate. I'm not missing it. This token is gonna BLOW UP TO THE MOON permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 1 point2 points3 points 1 day ago (0 children) wait out the initial dump before going full degen permalink embed save parent report give award reply [–]jooro_aTin 15 points16 points17 points 1 day ago (28 children) The holy crypto war is coming, we are waiting for the Vatican coin for the crusades permalink embed save report give award reply [–]TZinTheKeys 4 points5 points6 points 1 day ago (1 child) Time for the Vaticoin ! permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 1 point2 points3 points 1 day ago (0 children) This name is so good I would buy the Vaticoin domain just to sit on it and sell it to the Pope when he decides to launch a coin. My plans wouldnt work if he launched $PopeCoin instead though. permalink embed save parent report give award reply [–]holykaminaPlatinum | QC: CC 90 | r/Pers.Fin.Cnd. 28 4 points5 points6 points 1 day ago (2 children) Wait until someone in Sweden burns the coin outside some embassy.. Holy crypto war permalink embed save parent report give award reply [–]jooro_aTin 2 points3 points4 points 1 day ago (1 child) But the burning is good for the price... permalink embed save parent report give award reply [–]holykaminaPlatinum | QC: CC 90 | r/Pers.Fin.Cnd. 28 2 points3 points4 points 1 day ago (0 children) Lmao, touche permalink embed save parent report give award reply [–]LePanzerIn Satoshi we trust 6 points7 points8 points 1 day ago (11 children) You get a free altar boy if you run a node. permalink embed save parent report give award reply [–]The_Chorizo_BanditSilver | QC: CC 846, XRP 41 | TRX 28 4 points5 points6 points 1 day ago (2 children) Brings a whole new meaning to “alt” coins. permalink embed save parent report give award reply [–]deathbyfish13Free Range Moon Farmer 1 point2 points3 points 1 day ago (1 child) Are we in "alter coin" season yet? permalink embed save parent report give award reply [–]holykaminaPlatinum | QC: CC 90 | r/Pers.Fin.Cnd. 28 -1 points0 points1 point 1 day ago (0 children) Bullish on AlterCoin permalink embed save parent report give award reply [–]Hawke64Platinum | QC: CC 199 2 points3 points4 points 1 day ago (0 children) FBI this comment right here permalink embed save parent report give award reply [–]Josefumi12 4 points5 points6 points 1 day ago (1 child) Time to run three nodes permalink embed save parent report give award reply [–]yesweyolo 1 point2 points3 points 1 day ago (0 children) r/dafuq permalink embed save parent report give award reply [–]damittydam 1 point2 points3 points 1 day ago (0 children) How do i run a node, asking for a friend... permalink embed save parent report give award reply [–]Mr_Bob_FergusonPlatinum | QC: CC 445 1 point2 points3 points 1 day ago (0 children) You get a free altar boy if you run a node "No, you can't stake your altar boy" permalink embed save parent report give award reply [–]Legal-Bid2695 2 points3 points4 points 1 day ago (0 children) Im dead ☠️ permalink embed save parent report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 -1 points0 points1 point 1 day ago (1 child) Staking rewards include a creepy priest and candles permalink embed save parent report give award reply [–]LePanzerIn Satoshi we trust 0 points1 point2 points 1 day ago (0 children) Maybe the doll to show where the priest touched him is already included. permalink embed save parent report give award reply [–]strongkhalSilver | QC: CC 84 | CRO 64 | ExchSubs 64 1 point2 points3 points 1 day ago (0 children) I lol'ed so hard permalink embed save parent report give award reply [–]The_Chorizo_BanditSilver | QC: CC 846, XRP 41 | TRX 28 2 points3 points4 points 1 day ago (0 children) Would be a hard coin to track though. Every time something goes wrong they’ll just move it to another parish wallet. permalink embed save parent report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 -1 points0 points1 point 1 day ago (3 children) $JESUS is on its way permalink embed save parent report give award reply [–]damittydam 2 points3 points4 points 1 day ago (1 child) $CROSS & $NAIL loading permalink embed save parent report give award reply [–]yesweyolo 0 points1 point2 points 1 day ago (0 children) How bout $SOLJESUS? (I think that's what it's called.) Is he coming too? permalink embed save parent report give award reply [–]DeeperBagsPlatinum | QC: CC 29 -1 points0 points1 point 1 day ago (0 children) permalink embed save parent report give award reply [–]Elgato_TJTin | CC critic 0 points1 point2 points 1 day ago (0 children) Or hear me out with $SATAN permalink embed save parent report give award reply [–]manbeardawgTin | Politics 28 0 points1 point2 points 1 day ago (1 child) No one expects the Spanish In-coin-sition. permalink embed save parent report give award reply [–]JuggaliciousMemes 0 points1 point2 points 1 day ago (0 children) 👌that was fire👌 best comment i’ve read all day permalink embed save parent report give award reply [–]tchuckssBronze | QC: CC 23 | LRC 24 | Superstonk 109 0 points1 point2 points 1 day ago* (0 children) As prophesized by Megadeth: Brother will scam brother Stealing coins across the chain Scamming for religion Something I don't understand permalink embed save parent report give award reply [–]HKEnthusiast 4 points5 points6 points 1 day ago (2 children) Meh. I'll buy $100 and see what happens permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 4 points5 points6 points 1 day ago (1 child) Initial dump is pretty much programmed with 50% supply going to initial investors permalink embed save parent report give award reply [–]Lillica_Golden_SHIBBronze | BANANO 5 | TraderSubs 13 0 points1 point2 points 1 day ago (0 children) Sweet exit liquidity permalink embed save parent report give award reply [–]Itsjuleso 9 points10 points11 points 1 day ago (1 child) waiting to see certified halal crypto permalink embed save report give award reply [–]Particular_Put5007Tin | 3 months old 0 points1 point2 points 1 day ago (0 children) If it benefits them, they’ll find way to certify it. permalink embed save parent report give award reply [–]chukelemonTin 7 points8 points9 points 1 day ago (2 children) A religion based coin is blasphemy. permalink embed save report give award reply [–]JuggaliciousMemes 4 points5 points6 points 1 day ago (0 children) theres so much blasphemy in this comment section😩 permalink embed save parent report give award reply [–]ArcosimSilver | QC: CC 51 | VET 22 | Technology 39 -1 points0 points1 point 1 day ago (0 children) In America we literally have religious messages printed on our money. permalink embed save parent report give award reply [–]AnonymousOldGuy 5 points6 points7 points 1 day ago (9 children) Are you automatically placed on a TSA watchlist when you buy? permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 6 points7 points8 points 1 day ago (4 children) depends how long your beard is and if you wear shoes, they got major beef with shoes permalink embed save parent report give award reply [–]tasfarell 5 points6 points7 points 1 day ago (3 children) yes or no - birds being real? permalink embed save parent report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 1 point2 points3 points 1 day ago (0 children) Obviously government drones permalink embed save parent report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 1 point2 points3 points 1 day ago (0 children) You need to make sure a bird didn't see you type this. permalink embed save parent report give award reply [–]AnonymousOldGuy 0 points1 point2 points 1 day ago (0 children) Yes, if by real you mean sophisticated, biological spy drones permalink embed save parent report give award reply [–]GrapeRaisinTin 1 point2 points3 points 1 day ago (0 children) 😂 permalink embed save parent report give award reply [–]dontknowtooBronze | GMEJungle 31 | GME subs 60 1 point2 points3 points 1 day ago (0 children) made me lol permalink embed save parent report give award reply [–]ohmygodbeats7Platinum | QC: CC 571, DOGE 231 | LRC 6 | WeedStocks 82 0 points1 point2 points 1 day ago (1 child) Pretty racist permalink embed save parent report give award reply [–]AnonymousOldGuy 0 points1 point2 points 1 day ago (0 children) It was a joke, and last I checked, Islam is a religion. permalink embed save parent report give award reply [–]Josefumi12 5 points6 points7 points 1 day ago (4 children) Bullish on $Halal permalink embed save report give award reply [–]The_Chorizo_BanditSilver | QC: CC 846, XRP 41 | TRX 28 4 points5 points6 points 1 day ago (1 child) Will it operate on $haria network? permalink embed save parent report give award reply [–]Odd-Radio-8500Tin | 2 months old 1 point2 points3 points 1 day ago* (0 children) On whatever network it operates when ruling Royal family, put their money in it then you know its hard to keep it, Haram. But Sharia law permits investment in digital currencies. permalink embed save parent report give award reply [–]Particular_Put5007Tin | 3 months old 2 points3 points4 points 1 day ago (0 children) Any crypto lost will be the sacrifice so others can benefit permalink embed save parent report give award reply [–]Odd-Radio-8500Tin | 2 months old 0 points1 point2 points 1 day ago (0 children) Bullish on $ISLM permalink embed save parent report give award reply [–]Mammon84Tin | NEO 12 2 points3 points4 points 1 day ago (2 children) How did people get the airdrop? permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 0 points1 point2 points 1 day ago (1 child) by downloading their wallet & doing some tasks, idk what they were. They haven't gotten the airdrop, the snapshot for airdrop has been taken, they'll get the drop when token is launched. permalink embed save parent report give award reply [–]Mammon84Tin | NEO 12 0 points1 point2 points 1 day ago (0 children) Thanks for the info permalink embed save parent report give award reply [–]tomasbabr 2 points3 points4 points 1 day ago (0 children) I do remember some controversy around investing in cryptocurrency and the religion a decent while back, this was kinda unexpected to say the least. permalink embed save report give award reply [–]CptBombastic 2 points3 points4 points 12 hours ago (0 children) Bullish on Halal coin! permalink embed save report give award reply [–]deckartcain 9 points10 points11 points 1 day ago (11 children) As a Muslim, this is a big no for me. permalink embed save report give award reply [–]goldyluckinblokchainBronze | QC: CC 15 3 points4 points5 points 1 day ago (5 children) Should most crypto be a no for you then as its speculation and is not halal? Genuine question btw cause my understanding was speculating in this manner is not halal. permalink embed save parent report give award reply [–]deckartcain 2 points3 points4 points 1 day ago* (4 children) As of 2023, there's a 50/50 divy as to it being halal or not. Just a few years ago, scholars were almost all against it, but most due to it not having enough of a track record to show for it. permalink embed save parent report give award reply [–]TheJobinslegendTin 3 points4 points5 points 1 day ago (3 children) Pretty sure the Quran advices against gambling and intoxicants, but not straight up ban them, differently than other things/actions the Quran says they're specific Haram. For example, for Gold and Silk “Gold and silk have been permitted for the females of my ummah and forbidden for the males.” I haven't read the entire Quran yet (I'm reading all the "main religion" books for research, curiosity and get some knowledge), so there might be a later passage that says those things are banned. Maybe it's a translation issue from where I'm reading, but advising strictly against all it's different than saying they're not permitted. permalink embed save parent report give award reply [–]deckartcain 0 points1 point2 points 1 day ago* (1 child) Investments are really not considered gambling, but there’s ample warning against risky financial decisions. What you might be referring to is maysir which is speculation or gambling. My take on that is that there’s neither in BTC investment, and I’ve studied up on the decisions made by the scholars who voiced their opinion on it. When it comes to Islam, we don’t just guide our lives according to the Quran, but also according to the Sunnah; the teachings of the prophet. A lot of Islamic countries are also ebmracing it. A good indicator of it starting to become a legitimate currency. The defacto authorities on finance according to most Islamic opinions are the central banks. In the Islamic world they operate under the Shariah, meaning that they’re under guidance from top Islamic scholars, to ensure that they stay true to Islamic teachings in their business models. There’s also different schools of jurisprudence, meaning that there’s different interpretations and rulings on various subjects. So in Dubai you’ll find Hanafis, Malikis and Shafi’is, whereas in Saudi Arabia you’ll find almost exclusively Hanbali jurisprudence. Some examples of rulings on the permissability of Bitcoin: Sharia Review Bureau in Bahrain Scholars from the Sharia Review Bureau in Bahrain said in 2018 that investments in cryptocurrencies such as ether (ETH) and bitcoin are permitted under Sharia law and, therefore, halal. Mufti Taqi Usmani Mufti Taqi Usmani has a different perception, arguing that Bitcoin and other cryptocurrencies are haram because they are used in speculative investments and illegal transactions. Moreover, he says a currency is generally supposed to be a medium of exchange under Sharia law. When it is used to generate profits, it becomes haram. Therefore, in the words of Usmani, Muslims are not allowed to accept crypto as currencies. The Shariah Committee Chairman of HSBC Amanah Malaysia Bhd, Dr. Ziyaad Mahomed According to Dr. Ziyaad Mahomed, the Sharia law doesn’t require currencies to have intrinsic value. Instead, society should agree that a currency is valuable and acceptable in day-to-day transactions. Judging by this view, this could mean the Islam community could consider bitcoin halal if there was a social consensus to use it as a currency. Mufti Muhammad Abu-Bakar Sharia advisor Mufti Muhammad Abu-Bakar’s crypto interpretation may have triggered a significant increase in BTC and ETH investment within the Muslim community in 2018. He argued that all currencies have a speculative element, which means bitcoin’s speculative nature doesn’t necessarily make it haram, as every other currency can also be considered to be speculative in nature. Therefore, in his opinion, bitcoin is halal. Shaykh Shawki Allam The Egyptian Grand Mufti Shaykh Shawki Allam believes digital assets are haram since they have not earned enough credibility as currencies. His reasoning is similar to other Middle East Sharia scholars, who view crypto as high-risk assets. “In my opinion, the trading of cryptocurrency is haram. This is because it is not approved by legitimate bodies as an acceptable medium of exchange. Such currencies are used in contraband trading and money laundering,” he said. Asrorun Niam Sholeh Asrorun Niam Sholeh is the head of religious decrees for Indonesia’s council of Islamic scholars. In his opinion, crypto trading is illegal because digital assets “have elements of uncertainty, wagering, and harm.” Anas Amatayakul Anas Amatayakul, a scholar that has led the committee directing the Islamic Bank of Thailand in Sharia, has an interesting take. His fatwa (legal ruling) on crypto is that people should avoid it, but only for now. Amatayakul says he’s pro-technological change but admits the crypto space is so fast-moving that Muslims should avoid it for now to protect their wealth. Fiqh Council of North America The unanimous fatwa from North America’s Fiqh Council is that Bitcoin is halal under Sharia law. The Sharia Advisory Council Branch of the Security Commission in Malaysia This council’s view is similar to the position the Fiqh Council of North America has taken. The members of this council reckon that crypto trading and investment are permitted under Sharia law. That's just a few I found online quickly. As you can tell, there's a widespread opinion on the matter. So perhaps the madhab in Dubai ruled Bitcoin as impermissable, but they're still embracing blockchain technology to the point of making their own blockchain just a few years after it starting to become a trend in most Middle Eastern countries. I personally do not live in an Islamic country, so I'm a bit wandering when it comes to which rulings to follow. In my research on the rulings that declare it haram, it generally has a lot of faulty understanding of the concept of PoW, BTC and blockchain technology. However going all-in on an altcoin hoping for 100x, or something akin to that, is definitely forbidden. permalink embed save parent report give award reply [–]Z3LS3Bitcoin 0 points1 point2 points 9 hours ago (0 children) I think it has to do with profiting from lending money but I’m no religious scholar I might be confused permalink embed save parent report give award reply [+][deleted] 1 day ago (4 children) [deleted] [+][deleted] 1 day ago (3 children) [deleted] [+][deleted] 1 day ago (2 children) [deleted] [–]rootplMoonwalker -1 points0 points1 point 1 day ago (1 child) Mmm... meat-balls. permalink embed save report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 -1 points0 points1 point 1 day ago (0 children) Is there an IKEA in the desert? permalink embed save parent report give award reply [–]Silver-dutch 1 point2 points3 points 1 day ago (0 children) The red flags gives me rug pull vibes permalink embed save report give award reply [–]dont_drink_and_2FABronze | QC: CC 23 | NANO 204 1 point2 points3 points 1 day ago (2 children) This is definitely about control, exactly the other way what crypto was once supposed to be. The argument about it being the royal family wanting to extend their pockets is probably true BUT look at what kind of shit investment they do with investments, from Burj Khalifa without plumbing to the world islands and what not. They arent THAT savvy imo. But Dubai being a tax heaven for crypto is another good argument and I think we will see some good products coming from UAE. This one, well not so much permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 1 point2 points3 points 1 day ago (1 child) Yeah, I also think it's more about control than deepening their pockets, they're probably gonna intrench it within the banking & payments sector so much that buying goods with any other payment option will become a slight inconvenience for the citizens permalink embed save parent report give award reply [–]dont_drink_and_2FABronze | QC: CC 23 | NANO 204 0 points1 point2 points 1 day ago (0 children) probably china style social credit with cbdcs or some shit "that one is a good muslim, that one not so much" all done by reactionary old men. can. absolutely. not. go. tits. up. permalink embed save parent report give award reply [–]terra993 1 point2 points3 points 1 day ago (0 children) Halal coin permalink embed save report give award reply [–]Checkofant 1 point2 points3 points 1 day ago (0 children) This makes it seem that they just wanna excite the investors & only care about making gains. Sounds a lot like all the other altcoins ^^ permalink embed save report give award reply [–]Creative_Ad7831 1 point2 points3 points 1 day ago (2 children) Some muslim thinks that crypto is similiar to gamble. Bit surprised that royal arabian family decided to get his hand in to crypto permalink embed save report give award reply [–]PiedDansLePlatPlatinum | QC: CC 58 | ADA 8 | Superstonk 16 -1 points0 points1 point 19 hours ago (0 children) like the mormons rulling las vegas, here they only cares about money, we know their morals is the worst on this planet (sexism, racism, homophobia, ...) permalink embed save parent report give award reply [–]Arbitrage650 1 point2 points3 points 1 day ago (0 children) the demand for oil and their supply will inevitably dry up (at least at some point), smart of them to continuing to diversify permalink embed save report give award reply [–]Just_Some_DummyTin | 4 months old | DayTrading 16 | TraderSubs 17 1 point2 points3 points 1 day ago (0 children) They're going to crash that shit on purpose. permalink embed save report give award reply [–]Easy-Medicine-8610Tin 1 point2 points3 points 1 day ago (0 children) Is a royal rug pull different than a generic rug pull? I'm just curious is there is more prestige in being royally rugged. permalink embed save report give award reply [–]ParadoxSebxTin 5 points6 points7 points 1 day ago (2 children) Ticking time bomb permalink embed save report give award reply [–]AnonymousOldGuy 0 points1 point2 points 1 day ago (0 children) Underrated comment permalink embed save parent report give award reply [–]Legal-Bid2695 -4 points-3 points-2 points 1 day ago (0 children) Came here for this permalink embed save parent report give award reply [–]ohmygodbeats7Platinum | QC: CC 571, DOGE 231 | LRC 6 | WeedStocks 82 2 points3 points4 points 1 day ago (0 children) This thread is full of a bunch of unfunny, insensitive jokes. permalink embed save report give award reply [–]Geolinear 0 points1 point2 points 1 day ago (0 children) Is SalamiCoin going to flip BTC? permalink embed save report give award reply [–]Florian995Tin 0 points1 point2 points 1 day ago (13 children) There are way more red flags than green flags and if a coin is called islamic coin I already know how it will end permalink embed save report give award reply [–]LePanzerIn Satoshi we trust 2 points3 points4 points 1 day ago (8 children) It will bomb. permalink embed save parent report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 2 points3 points4 points 1 day ago (1 child) You never know, maybe it'll take off and...uhm... nevermind permalink embed save parent report give award reply [–]goldyluckinblokchainBronze | QC: CC 15 1 point2 points3 points 1 day ago (2 children) Bit much that mate leave that kinda joke for the comedians lol permalink embed save parent report give award reply [–]LePanzerIn Satoshi we trust -5 points-4 points-3 points 1 day ago (1 child) If this project sounded less sketchy I could have written it will explode! Maybe becoming a comedian is my true destiny! permalink embed save parent report give award reply [–]goldyluckinblokchainBronze | QC: CC 15 0 points1 point2 points 1 day ago (0 children) Dayuuuum permalink embed save parent report give award reply [–]Killertimme 0 points1 point2 points 1 day ago (2 children) faster than a truck permalink embed save parent report give award reply [+][deleted] 1 day ago (1 child) [deleted] [–]Odysseus_Lannister -1 points0 points1 point 1 day ago (0 children) I’m partial to $QURAN permalink embed save report give award reply [–]Feeling_Ad_411Silver | QC: CC 127 | GMEJungle 24 | Superstonk 664 0 points1 point2 points 1 day ago (2 children) I was looking for the comedy flair, but nope permalink embed save parent report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 1 point2 points3 points 1 day ago (1 child) I thought it was a meme, then I decided to look it up permalink embed save parent report give award reply [–]Feeling_Ad_411Silver | QC: CC 127 | GMEJungle 24 | Superstonk 664 0 points1 point2 points 1 day ago (0 children) Crazy that’s a real concept lol permalink embed save parent report give award reply [–]Legal-Bid2695 0 points1 point2 points 1 day ago (0 children) I thought this was haram in Islam permalink embed save parent report give award reply [–]lookwhatumademedoo 0 points1 point2 points 1 day ago (1 child) Unsubstantiated promises, scam tactics, centralization, religion mixed in. This is gross. permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 1 point2 points3 points 1 day ago (0 children) yeah, more red flags than green as I stated permalink embed save parent report give award reply [–]ll_TheBrave_ll 0 points1 point2 points 1 day ago (2 children) Religion and money. What could go wrong? /s permalink embed save report give award reply [–]dont_drink_and_2FABronze | QC: CC 23 | NANO 204 2 points3 points4 points 1 day ago (0 children) as much as in alcohol and guns? permalink embed save parent report give award reply [–]Particular_Put5007Tin | 3 months old 1 point2 points3 points 1 day ago (0 children) Actually I won’t be shocked if this combination can make some people a lot of money. permalink embed save parent report give award reply [–]tambaybtc 0 points1 point2 points 1 day ago (2 children) Crypto has: No religion permalink embed save report give award reply [–]shockfella 0 points1 point2 points 1 day ago (0 children) If it has no religion it also has all religions permalink embed save parent report give award reply [–]Bitter_Storage_2918 0 points1 point2 points 1 day ago (0 children) I agree Crypto is a religion permalink embed save parent report give award reply [–]CryptoTechLyfe 0 points1 point2 points 1 day ago (1 child) The amount of unbridled bigotry from users in these comments in wild. permalink embed save report give award reply [–]JuggaliciousMemes 1 point2 points3 points 1 day ago (0 children) blasphemy and bigotry, this comment section is wild as hell permalink embed save parent report give award reply [–]obsessedgleaner194 -1 points0 points1 point 1 day ago (0 children) I guess it's haram for women's permalink embed save report give award reply [–]BamesStronkNondTin -1 points0 points1 point 1 day ago (0 children) Guessing women won’t be allowed to buy it then? permalink embed save report give award reply [–]purplevoiletduckTin -1 points0 points1 point 1 day ago (0 children) Your post is “haram” /s permalink embed save report give award reply [–]National_Range6369 -2 points-1 points0 points 1 day ago (0 children) It's gonna bomb (aka rugpull). permalink embed save report give award reply [+][deleted] 1 day ago (2 children) [deleted] [–]Killertimme 0 points1 point2 points 1 day ago (0 children) Right next to the page where it says to respect women. permalink embed save report give award reply [–]Legal-Bid2695 -2 points-1 points0 points 1 day ago (0 children) Alhamdulillah coin permalink embed save report give award reply [+][deleted] 1 day ago (1 child) [deleted] [–]Legal-Bid2695 0 points1 point2 points 1 day ago (0 children) It will be chaos permalink embed save report give award reply [–]k3surfacermy coin is better than your coin -1 points0 points1 point 1 day ago (1 child) Islamic coin The holly shitcoin. No burning mechanism. Peace. :)) Edit: In a second thought, maybe we can ask Swedish people to buy the coin and burn it. Would be a "freedom of pump" campaign. permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 0 points1 point2 points 1 day ago (0 children) I think the meeting with devs went pretty much like this: Dev: So I'm thinking the supply should be 1 billion or less.... King: 1 billion, what is this peasant shit, go and print 100 billion Dev: What about burning.... King: You want to burn my token & commit haraam permalink embed save parent report give award reply [–]Man-Tax -2 points-1 points0 points 1 day ago (0 children) They should name it Allah. permalink embed save report give award reply [–]Ztriever_ 0 points1 point2 points 1 day ago (0 children) Rich people think everything is a good idea. permalink embed save report give award reply [–]Sorandy13 0 points1 point2 points 1 day ago (0 children) No interest permalink embed save report give award reply [–]NotAnAlcoholicTodayPlatinum | QC: CC 93, XTZ 32 0 points1 point2 points 1 day ago (0 children) Just the title was enough of a red flag for me to know i won't touch it with a 10km pole 😬 permalink embed save report give award reply [–]moonkingdome 0 points1 point2 points 1 day ago (0 children) Its a great step.. Way better then a cbdc. permalink embed save report give award reply [–]pwntipatience the key is 0 points1 point2 points 1 day ago (0 children) They better invest in BTC permalink embed save report give award reply [–]StonedRexPlatinum | QC: CC 181 0 points1 point2 points 1 day ago (0 children) Sounds sketchy to me, to say at least. I don't like someone with that much power to be behind it, in the end all of they want is more power. permalink embed save report give award reply [–]NuewimPlatinum | QC: CC 613, ETH 31 | TraderSubs 31 0 points1 point2 points 1 day ago (0 children) I don't think we need to give more money to bunch of billionaires. Additionaly if that coin would be released by non muslims everyone would protest cause it is against Islam to lend money for profit and much more. Whole idea of this coin sound as parody of faith. I don't think if even with it being created by royal family of Dubai any true muslims will buy it at all. Mostly bunch of american kids that will want to make profit on it. permalink embed save report give award reply [–]Redditceodork 0 points1 point2 points 1 day ago (0 children) Kosher crypto who'd have ever imagined permalink embed save report give award reply [–]Suprcow_oneTin 0 points1 point2 points 1 day ago (2 children) "If 3-4% of the Muslim online community will hold Islamic Coin, it will become a bitcoin-scale crypto asset, generating a trillion dollars for its holders, and $100 billion for the Evergreen DAO". that does not sound very haram, nor Islam to me? permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 0 points1 point2 points 1 day ago (0 children) Yeah, and that line is straight up in the white paper permalink embed save parent report give award reply [–]SeisouhenPlatinum | QC: CC 57, BTC 52 0 points1 point2 points 1 day ago (0 children) haram halal permalink embed save parent report give award reply [–]Dull-Wear-3286 0 points1 point2 points 1 day ago (0 children) Oil money entering crypto will be bullish. permalink embed save report give award reply [–]LePanzerIn Satoshi we trust 0 points1 point2 points 1 day ago (0 children) Scammers will scam: "Send me your foreskin and I'll double your coins!" permalink embed save report give award reply [–]HansonWKPlatinum | QC: CC 79 | PennyStocks 36 0 points1 point2 points 1 day ago (0 children) It's literally against their religion lmfao. They've been saying for the last 10 years to not buy crypto. permalink embed save report give award reply [–]OfulinacPlatinum | QC: CC 32 0 points1 point2 points 1 day ago (0 children) The Middle East at this point is just trying to outdo the West in everything. They already made some points with the World Cup in Qatar and with the Saudi League amassing an insane number of European stars in just one transfer window. Gonna follow it all but not too interested in investing in it. permalink embed save report give award reply [–]BusinessBreakfast3Platinum | QC: BTC 28, CC 22 | CRO 5 0 points1 point2 points 1 day ago (1 child) What was the airdrop eligibility? permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 0 points1 point2 points 1 day ago (0 children) something to do with downloading their wallet & doing a bunch of tasks, idk much about it, I found out about this coin today. permalink embed save parent report give award reply [–]ShinAlastor 0 points1 point2 points 1 day ago (0 children) This is haram. permalink embed save report give award reply [–]ErmingardiaPlatinum | QC: CC 540 | Unpop.Opin. 50 0 points1 point2 points 1 day ago (0 children) The red flags outweigh the green flags in my opinion. permalink embed save report give award reply [–]EEGECGEMG 0 points1 point2 points 1 day ago (0 children) a lot of conversions to ISLAM hhhhhhh permalink embed save report give award reply [–]TheRedditPhone 0 points1 point2 points 1 day ago (0 children) This sounds..scary.. Very little of any of the middle eastern royal families is good. Except for themselves ofc. permalink embed save report give award reply [–]DankOceanTin 0 points1 point2 points 1 day ago (0 children) This is sketchy AF. It’s against Islam to collect interest on loans. They really have to stick the landing on all of these mental gymnastics in order to believe it’s Haram. permalink embed save report give award reply [–]mbouhda 0 points1 point2 points 1 day ago (0 children) Dubai's ruling royal family entering the crypto space with Islamic coin is like a wealthy kid setting up a lemonade stand and claiming it's a world-changing business. I'll watch this crypto soap opera from a safe distance. permalink embed save report give award reply [–]No-Setting9690Bronze 0 points1 point2 points 1 day ago (0 children) I will not support this token for various reasons. permalink embed save report give award reply [–]OnelinersandbluesPlatinum | QC: ETH 120 | TraderSubs 120 0 points1 point2 points 1 day ago (0 children) Oh good god fuck these people. permalink embed save report give award reply [–]HereticLaserHaggis 0 points1 point2 points 1 day ago (0 children) How's the airdrop been calculated? permalink embed save report give award reply [–]Dazzling_Marzipan474Platinum | QC: CC 26 | ADA 6 | ExchSubs 14 0 points1 point2 points 1 day ago (0 children) How the rich get richer permalink embed save report give award reply [–]Roundaboutright 0 points1 point2 points 1 day ago (0 children) Sounds scamish permalink embed save report give award reply [–]damittydam 0 points1 point2 points 1 day ago (0 children) I reckon other rich muslim countries are gonna wanna compete & come up with their own, then there's gonna be debates like which muslim coin is the most halal permalink embed save report give award reply [–]Small_everyPermabanned 0 points1 point2 points 1 day ago (0 children) Ah, yes, the royal family's "Islamic coin" with grand promises of empowering Islam followers and becoming a trillion-dollar asset. Who needs a sensible token supply when you can flood the market every two years with billions of coins? And let's not forget the "Shariah" oracle, where a chosen few decide what's halal on the blockchain. Total decentralization, right? Oh, and the royal family controlling it all is just so trustworthy. It's undoubtedly a selfless endeavor and not a way to fill their pockets further. #PureSarcasm permalink embed save report give award reply [–]Ben_Dover1234Bronze | QC: CC 18 0 points1 point2 points 1 day ago (0 children) Islamic Coin sounds very un-Islamic, right? permalink embed save report give award reply [–]chocolateboomslangPlatinum | QC: CC 73 | CRO 5 | Investing 41 0 points1 point2 points 1 day ago (0 children) This rugpull is going to be insane permalink embed save report give award reply [–]theycallmekimpembeTin | 5 months old 0 points1 point2 points 1 day ago (0 children) The Allahu Akbar coin permalink embed save report give award reply [–]TrifBoiBronze 0 points1 point2 points 1 day ago (0 children) Islamic coin sound like just the next scam lol permalink embed save report give award reply [–]FlangepacketSilver | QC: CC 274, BTC 32, ETH 28 | r/SSB 42 | TraderSubs 21 0 points1 point2 points 1 day ago (1 child) Ffs - where do I buy? permalink embed save report give award reply [–]massimoedPlatinum | QC: CC 37 | TraderSubs 13[S] 0 points1 point2 points 1 day ago (0 children) It's gonna launch on 1st september permalink embed save parent report give award reply [–]ThrowawayHoper 0 points1 point2 points 1 day ago (0 children) How tf are they going to get around the Islamic rules against interest? If there’s any staking involved I’m not sure how it’s not haram permalink embed save report give award reply [–]SjiznitSilver | QC: CC 465 | GMEJungle 29 | Superstonk 212 0 points1 point2 points 1 day ago (0 children) Do we have a Jezuscoin yet? Could be a hit permalink embed save report give award reply [–]knobblyer 0 points1 point2 points 1 day ago (0 children) $HARAM permalink embed save report give award reply [–]ThrowawayHoper 0 points1 point2 points 1 day ago (0 children) For those asking ‘surely this is haram??’, probably not Shariah law is against gaining interest, but not taking profits. In the sense that, an Islamic investment fund basically can only pay out dividends from the profits of the invested-in company. The companies also basically can’t be vices, warfare, pork or conventional finance. It’s not clear where crypto falls - an Egyptian Grand-Mufti issued a fatwa against BTC. Indonesia has banned it as against Sharia Law. Whereas an Arab researcher has proposed a ML model to determine if crypto is haram or halal. Based on that, BTC ETH and DOGE are halal, whereas SHIB and CAKE are Haram. So the CAKE is a lie. permalink embed save report give award reply [–]GrapeRaisinTin 0 points1 point2 points 1 day ago (0 children) Time to start that PastafarianCoin permalink embed save report give award reply [–]Soberdonkey69 0 points1 point2 points 1 day ago (0 children) Is this a grand scale pump and dump for the wealthy elitists? permalink embed save report give award reply [–]elysiansaurusPlatinum | QC: CC 20 | CAKE 6 | r/WSB 286 0 points1 point2 points 1 day ago (0 children) 100 billion supply? Wtf. I stay away from anything over 1 billion usually (sorry ALGO) permalink embed save report give award reply [–]madirishpoet 0 points1 point2 points 1 day ago (0 children) I'm gonna release communist coin with a 100% sell tax that I will distribute fairly and evenly * terms and conditions apply permalink embed save report give award reply [–]DolladubTin 0 points1 point2 points 1 day ago (0 children) Isn't gambling illegal for Muslims? permalink embed save report give award reply [–]JGCheemaTin 0 points1 point2 points 1 day ago (0 children) I m not even surprised with every rich person launching their own crypto permalink embed save report give award reply [–]Robo_0Gold | QC: CC 29 0 points1 point2 points 1 day ago (0 children) but thats haram permalink embed save report give award reply [–]Gamethesystem2 0 points1 point2 points 1 day ago (0 children) Dubai doesn’t have a mutual extradition treaty w the US. It’s why most big time criminals like living there. I wouldn’t touch anything this government had to offer. permalink embed save report give award reply [–]sucobeShill me, daddy. 0 points1 point2 points 1 day ago (0 children) TL;DR all in on religious coin phase. permalink embed save report give award reply [–]starhumanpanda[🍰] 0 points1 point2 points 1 day ago (0 children) Where is the catholic coin permalink embed save report give award reply [–]Scythro_Bronze | QC: CC 15 | GMEJungle 26 | Superstonk 207 0 points1 point2 points 1 day ago (0 children) Looking at the comments, why am I the only one here thinking that this is actually a pretty dope money making opportunity? I understand from a moral perspective why someone wouldn’t want to get involved, but since when do we invest based on morals? permalink embed save report give award reply [–]KingHiggins92 0 points1 point2 points 1 day ago (0 children) Honestly, I'm kinda thinking it's worth a punt. Agreed they'll be an initial dumparoo but I'm going to watch this one. permalink embed save report give award reply [–]forestman11 0 points1 point2 points 1 day ago (0 children) Dear God this is alarming permalink embed save report give award reply [–]harveytentTin 0 points1 point2 points 1 day ago (0 children) So will my Bored Yacht Muhammad’s nft line get approval? permalink embed save report give award reply [–]FGTRTDtradesTin 0 points1 point2 points 1 day ago (0 children) I can see them artificially pumping their coin just for the sake of it. permalink embed save report give award reply [–]x-thugTin 0 points1 point2 points 1 day ago (0 children) In allah we trust permalink embed save report give award reply [–]DarnegarTin 0 points1 point2 points 1 day ago (0 children) Lol couldnt they even try spending 5 minutes on a tad more original name? permalink embed save report give award reply [–]bears_or_bullsBronze 0 points1 point2 points 1 day ago (0 children) Only good if you get in mega early for the pump and dump. Otherwise avoid. permalink embed save report give award reply [–]bangand0 0 points1 point2 points 1 day ago (0 children) Have these coins been minted the halal way though? permalink embed save report give award reply [–]tchuckssBronze | QC: CC 23 | LRC 24 | Superstonk 109 0 points1 point2 points 1 day ago (0 children) They've done it. The madmen done it. The Halal coin. permalink embed save report give award reply [–]rahhumilovedogsTin 0 points1 point2 points 1 day ago (0 children) Lol. K bruh. Oil prince? permalink embed save report give award reply [–]girl-from-brRedditor for 6 months. 0 points1 point2 points 1 day ago (0 children) How can I know when it's launched? Asking for a degen friend. permalink embed save report give award reply [–]Redfoot87Tin 0 points1 point2 points 1 day ago (0 children) As a Muslim I'll give you $10 to fuck off. I really hate initial investors. Fuck off with that shit. They're gonna dump on everyone who comes in later. It's like a ponzi. permalink embed save report give award reply [–]Chesteel1 0 points1 point2 points 1 day ago (0 children) Well, this is interesting! Dubai's royal family getting into crypto? This Islamic coin could be a real game-changer, especially in terms of adoption in the Middle East. permalink embed save report give award reply [–]zdubs 0 points1 point2 points 1 day ago (0 children) Allah make it easy permalink embed save report give award reply [–]Mariahausfrau 0 points1 point2 points 1 day ago (0 children) Those famililies are above religion rules. They do as the like and others obey. Democracy isnt on their vocabulary. permalink embed save report give award reply [–]the_far_yardStack a Sat, Stash a Gwei, Bull or Bear, D-C-A. 0 points1 point2 points 1 day ago (0 children) The irony is that there's more sense on how Moons are running rather than this coin, and I'm a Muslim. permalink embed save report give award reply [–]omghag18 0 points1 point2 points 23 hours ago (0 children) Not hurt any religious sentiments but : They might do a rug pull in the name of God , saying it all belongs to God permalink embed save report give award reply [–]MajorLeons 0 points1 point2 points 23 hours ago (0 children) This is great new for the crypto community until US peaks in and will try to argue that this can be used to fund terrorists. permalink embed save report give award reply [–]TheRicFlairDripTin 0 points1 point2 points 23 hours ago (0 children) bullish! permalink embed save report give award reply [–]PiedDansLePlatPlatinum | QC: CC 58 | ADA 8 | Superstonk 16 0 points1 point2 points 20 hours ago (0 children) The first flying rug pull permalink embed save report give award reply [–]Independent_Level_77 0 points1 point2 points 17 hours ago (0 children) How could this be halal, can someone elobarate please? Isn't accumulating money is a big no in Islam? permalink embed save report give award reply [–]entilfeldigfyr69Tin | 0 months old 0 points1 point2 points 16 hours ago (0 children) I am not religious, but even I can see an obvious investment opportunity when I see one. Short term, this can be very lucrative if you get in early and get out before they rug. permalink embed save report give award reply