10 sats \ 0 replies \ @Coinsreporter 23 Mar \ on: Religion accepting bitcoin FiresidePhilosophy
Banks around the globe have been opening interest free accounts for muslims. But as I know interest in any form is deemed as 'haram' in islam, Bank of England has even given a solution to this by investing Muslim people's deposited money somewhere and then returning the part of profits. Any Profits arising out of businesses that are not harmful according to Shariah are acceptable.
https://www.bankofengland.co.uk/explainers/what-is-islamic-finance#:~:text=A%20Shari'ah%2Dcompliant%20current,invest%20the%20money%20you%20deposit.