IslamicFinance.de

A UK mosque has broken with opinion and opted to accept cryptocurrency donations for this year’s Ramadan period. The Shacklewell Lane Mosque in East London partnered with local Blockchain startup Combo Innovation to set up a Bitcoin and Ethereum wallet for the Ramadan practice of Zakat. The UK’s only Turkish-owned mosque is going against the rulings of various Islamic scholars and the Turkish government, who previously determined cryptocurrency to be "incompatible" with Islam. The mosque hopes to raise around £10,000 ($13,300) for repairs to the building. So far, its Bitcoin address has received funds worth around $2000.