More and more we are finding evidence that Bitcoin is being used to facilitate the spread of Shariah via Shariah-compliant Finance.

Indonesians are increasingly embracing the digital currency known as bitcoin as a payment solution for online transactions and to send and receive money…

Blossom is a two-month-old startup based in Silicon Valley that focuses on funding small businesses in Indonesia that operate according to Islamic or Sharia principles – meaning they can’t sell certain products, such as alcohol.

The start-up collects money from investors around the world, converts it into bitcoin and uses it to transfer the money to Indonesian microfinance institutions or microfinancing units at national banks that lend it to small, Sharia-based businesses.

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