Is there an effort to archive reddit on NOSTR? That would defeat censorship, wouldn't it?

20% cc interest is a debt that doubles every 4y. if you default, the lender garnishes your pay and you become its slave for all practical purposes. This, is riba. It seems the arguments to keep this obscene product were 1/ 'rich people will lose their 5$ coupon to Applebees' 2/ Poor people will no longer be able to financially destroy their family

Bitcoin OGs initially thought people from countries with weak ccies would be the early adopters. The opposite occurred: the worse the currency, the more anti bitcoin its population is. It's a paradox, I don't fully understand.

Wealth inequalities are mostly driven by a class of investors that were able to accumulate capital in the form of shares. Zakat offers a virtuous mechanism to transfer some that wealth into the most vulnerable part of the society. A new methodology introduced in 2015, provides the wealthiest with a 70% haircut over their charitable contributions on shares. This year, it was adopted by the North American Fiqh Council, the Shariyah Review Bureau and was added in the official calculators of the popular app LaunchGood, Zoya Finance and Wahed Invest. If it continues to grow in influence, it will significantly impact charitable contributions for the most vulnerable, at a time of massive refugee crisis in muslim countries, and for a foreseeable future. In the attached letter, I show why the methodology is incorrect. I have so far not been able to reach out to the authors or the apps pushing it (my reach is very low). Please consider sharing the open letter as much as you can. And may Allah accept your action as a ceaseless charity. The Prophet Muhammad (SAW) said: "When a man dies, his deeds come to an end except for three things: Sadaqah Jariyah (ceaseless charity); a knowledge which is beneficial, or a virtuous descendant who prays for him (for the deceased)." (Muslim)

Yakihonne

Zakat on shares - Open Letter to the North American Fiqh Council, Shariyah Review Board and Sh. Joe Bradford

A new methodology to calculate zakat on long term shares has been growing in influence. It argues for a 70% discount on zakat obligations against l...

full open letter to the north american fiqh council. View article →

A new methodology to compute zakat is getting popular. It argues for a discount of 70% over the zakat on shares. This year, the methodology has been adopted by the North American Fiqh Council and the Shariyah review board. Now apps like Zoya Finance, Wahed Invest and Launchgood are all suggesting 'services' to compute zakat based on that methodology. That methodology is not only wrong, it will harm the weakest and chop off muslim charitable contributions at a much needed time. I wrote a letter to the authors here on why the 70% discount is not only incorrect, it is against the spirit of zakat as it favors the wealthiest: https://blossom.primal.net/5086a8363dddd48e6bb35670bbd54e30d8a90a2a49591aa6b1ed6e42f2e3078e.pdf I NEED HELP! Please take the time to read the letter. If you agree this is wrong, I need help to reach into the authors of this methodology. If you have a blue check on twitter, or have a contact there - please contact me so I can make sure the letter reach into them. Jazakallah ou kheyr

Hello World Thanks @Muslim Bitcoiner for the tip