UK-based Mosque Accepts Crypto Donations For The First Time

Mosque Crypto Donations

A mosque in the United Kingdom, in an unprecedented move, has accepted cryptocurrency donation for Ramadan according to a local media report.

A Blockchain firm named Combo Innovation created a BTC and ETH wallet for the Shacklewell Lane Mosque, also called as Masjid Ramadan, in East London during the Ramadan custom of almsgiving, Zakat.

UK’s sole Turkish-owned mosque, Shacklewell Lane, getting involved with crypto, was acting in conflict with the Turkish government and the Islamic scholars who previously decreed that crypto is not acceptable to Islam.

He told the Hackney Gazette, “If Muslims, who make up a quarter of the world’s population, hold just 1 percent of bitcoins – or £1.04 bln ($1.39 bln) – then £26 mln ($34.6 mln) in Zakat contributions is due.”

So far, the mosque has collected bitcoin worth around $2000. They are hoping to receive around £10,000 for the upkeep of the building.

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