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The Islamic Economy in the Age of Bitcoin: The Rise of the Digital Ummah and the Internet of Trust
Bitcoin- the world's biggest internet scam, or the biggest breakthrough since the printing press? Halal or haram? This book is a journey through the social, economic, and political implications of cryptocurrency from a Muslim perspective, crafting a vision of the potential of the internet to help restore the unity and strength of the Muslim ummah.
Weaving together ecological and post-colonial perspectives with classical Islamic sources, this book offers a unique perspective on the nature of money and the ways in which it silently but powerfully shapes our lives. While many have come to accept the dominant monetary regime as an inevitable fact of life, new horizons of possibilities are opening with the advent of technologies like big data, crowdfunding, cryptocurrency, and smart contracts.
Focusing on the ethical and spiritual precepts at the root of this wave of technological innovation, the author sketches a vision of an economic union that transcends national boundaries. A must-read for anyone who is interested in the moral dimension of cryptocurrency, and how Muslims, both individually and collectively, can best navigate the transformation underway.
Weaving together ecological and post-colonial perspectives with classical Islamic sources, this book offers a unique perspective on the nature of money and the ways in which it silently but powerfully shapes our lives. While many have come to accept the dominant monetary regime as an inevitable fact of life, new horizons of possibilities are opening with the advent of technologies like big data, crowdfunding, cryptocurrency, and smart contracts.
Focusing on the ethical and spiritual precepts at the root of this wave of technological innovation, the author sketches a vision of an economic union that transcends national boundaries. A must-read for anyone who is interested in the moral dimension of cryptocurrency, and how Muslims, both individually and collectively, can best navigate the transformation underway.
- GenresEconomics
275 pages, Kindle Edition
Published April 5, 2019
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February 28, 2023
Although the book could seem outdated from a crypto perspective (2019), it's still one of the best ressource available to fully grasp challenges the Ummah has been and is currently facing.
It's an interesting commentary of the current socio-economic situation in the (Western-led) world. Cryptocurrencies (Bitcoin in particular) and the Digital Age seems like a secondary point to the book at its core, as they are seen as tools for things such as community building, religious practices such as zakat, the role of trust and so forth.
The author has since expressed various views regarding cryptocurrencies, but I highly recommand it for anyone wishing to contribute to Islamic economics and sociology.
It's an interesting commentary of the current socio-economic situation in the (Western-led) world. Cryptocurrencies (Bitcoin in particular) and the Digital Age seems like a secondary point to the book at its core, as they are seen as tools for things such as community building, religious practices such as zakat, the role of trust and so forth.
The author has since expressed various views regarding cryptocurrencies, but I highly recommand it for anyone wishing to contribute to Islamic economics and sociology.
Displaying 1 of 1 review