Kingfisher pfp
Kingfisher
@nevertheless
ABU DHABI Government has invested $400 million plus in Bitcoin ETFs. ABU DHABI is an Islamic Nation, and they can only invest in "Halal Financial Assets." What is a Halal Investment as per Islam? -> Halal meaning: "lawful" in Islamic teachings -> Transactions cannot involve “riba” (interest). -> Investments must not be made in “haram” (unlawful) assets or commodities such as pork products or alcohol. -> Investments cannot be made based on “gharar,” which has been described as “highly uncertain transactions or transactions that run contrary to the idea of certainty and transparency in business.” ABU Dhabhi has shown its intent to be a "Bitcoin Nation." This development will open floodgates in the Middle East for Islamic nations to invest their sovereign funds in Bitcoin. The Halal economy is expected to grow to $7.7 trillion by 2025. ABU Dhabhi's public announcement is enormous; you will see many big announcements coming from the Middle East. You are not Bullish enough!
0 reply
0 recast
1 reaction