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Malaysian sharia compliance expert explains the islamic perspective.
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For one, income obtained through unethical or exploitative means such as bribery, extortion, and profiteering is considered. Finance is a sensitive topic in islam. Cryptocurrency, bitcoin, ethereum and ripple are now established. This digital asset is therefore not mineable. Xrp is divisible to six places and 100 billion units of xrp exist.
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Haram cryptocurrency has been continuing since the initial surge of bitcoin prices.
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