May 29, 2018 (BE2C2) — A mosque in East London is hoping to double the amount of charity donations made during Ramadan month by becoming the first in Britain to accept bitcoin payments.
The mosque Imam tells Reuters it needs funds to help the poor and accepting bitcoin payments helps it expand its donor base.
“It’s like any other currency,” says Imam Abdallah.
Islamic scholars differ on whether digital currencies are permissible in Islam because Sharia principles ban monetary speculation.
The Ramadan Mosque’s website is accepting digital donations via Bitcoin wallet and Ethereum.