Syrian Systems Engineer & Bitcoiner Basem Alasi on:

• Learning about Islamic economics

• Fiqh of muʿāmalāt (Islamic commercial law)

• Why Bitcoiners should study muʿāmalāt

• Difference from:Austrian & Keynesian schools

• Key distinction: Islam emphasizes moral progress and justice

• Hence the strict prohibition of ribā (interest) & gambling

• Whether an economic system incentivizes moral behaviour or degeneracy

• The focus isn’t just on technological progress

• Shaykh Muawiyah Tucker is also a Bitcoiner

• Islamic muʿāmalāt reflects a lower time preference than Austrian economics

• It strongly supports genuinely free markets

• Freedom to transact is fundamental

• In fiqh, anything can function as money as long as people agree

• In other words, social consensus is key

• Historically, this has most often meant gold and silver

• However, fiqh does not mandate that money must be limited to gold and silver

@bamskki