MuslimIntern | Goldsand

i need muslims to take over the banks and abolish interest while we're at it.

Muslims once financed the world’s trade without interest. For the first time in centuries, we can return to that. $2M+ deposited during our invite-only beta. Today, Goldsand is live on iOS and Android. Halal savings built a new way: to beat interest, not settle. Here’s how ↓

Why do Muslims treat interest-free finance like a limitation, when history proves it's a superpower? Around 1700, Mughal India produced roughly a quarter of the world's economy, about the share the US holds today. The Islamic gold dinar was so trusted that European kings minted copies of it, Arabic script and all. Muslim merchants financed trade from Spain to China through partnerships, profit-sharing, and trust. Riba-free finance wasn't a handicap those economies carried. It was the engine that built them. The real opportunity today isn't fixing a broken system. It's reigniting belief in one that already worked brilliantly. Nobody opens a shawarma shop thinking, "It's halal, so Muslims will show up." The food wins on its own merits: Better taste. Better price. Better experience. Halal is simply assumed. It's not the pitch, it's the foundation. So imagine applying that same confidence to halal finance. History already proved it can compete, not just comply. It can lead. Once we truly believe 0% interest finance is better, we'll build something extraordinary again.

Before "street da'wah," there was business da'wah. It was one of the most effective tools for bringing people to Islam. Muslims simply abiding by our rules of trade and commerce, and becoming financially successful because of it. No lying. No deceptive sales tactics. No special rules for us and different rules for others. No matter what. Hundreds of millions of people around the world, from Indonesia to West Africa, are Muslim today largely because of truthful, sincere merchants. In the modern world, Muslims still haven't realized the full potential of commerce as a means of da'wah.

Muslims do not lack intelligence. We dominate engineering, medicine and many top professions. Yet we're usually building companies and institutions that don't solve our issues and don't care about us. How do we solve that?

One of the core reasons Islam spread in the early days was because the Prophet PBUH was known as the “honest, the trustworthy”. Islam spread across the Pakistan, India, Malaysia etc. because of Muslim traders from places like Yemen who were known to be honest and trustworthy. We have lost this and we must reclaim this identity. Every Muslim should ensure they are known in their schools, homes, universities, anywhere as THE person of trust and honesty. I don’t think people understand how impactful JUST this change can be.

In an hour Congress will vote to hijack the budget reconciliation process, a tool for balancing the budget, and use it for a slush fund for the Iran War, and in the process add $130 billion to our debt. We’ll see who’s conservative by the roll call vote. crfb.org/blogs/whats-house-f…

islamic mortgages casually charging 13.5% interest LOL

I've discussed Bitcoin with around a dozen top scholars from around the world (incl Egypt, Algeria, Saudi Arabia, USA, Turkey and Pakistan). Almost everyone either said it was permissible or they need to know more. Only 2 said it was haram. Here are the reasons why and the counterarguments. THE NO BENEFIT CLAIM Some scholars said Bitcoin had no benefit and therefore cannot be considered wealth (this is Mufti Taqi's latest critique). This is perhaps the most legitimate contention. The Malikis are the most lenient (saying it can be any benefit that is permissible). Acc to this view, the benefit of storing and exchange wealth which Bitcoin has makes them a permissible asset to purchase. The Shafiis are the most strict when it comes to what a benefit is (saying it must have a benefit other than storing/exchanging wealth). The Hanafis are in between. But to limit yourself to one madhab in finance today is incredibly restrictive. Almost nothing would be permissible. THE NO GOVERNMENT CLAIM Some scholars said a currency cannot be legitimate until the government approves it. Neither the Hanafi nor Maliki school hold this position. Imam Malik said "If people were to accept hides among themselves until they had a coinage/stamp and became currency, I would dislike that they be sold for gold or silver on deferred payment." Goldsand's Hanafi scholar (who I also consider one of my teachers) @DrFarrukhHabib pointed out Imam Malik said if "the people were to accept" and he did not say the government has to mandate it. Moreover, who said all cryptocurrencies have to be considered currencies in the shariah? Secular names don't always carry shariah weight. If riba were to be renamed "profit" by a bank, it would still be riba. THE SPECULATION CLAIM Some scholars say there is speculation in buying cryptocurrencies. Speculation in the shariah as jahālah (uncertainty). The examples fuquhā' give are buying "a certain bird flying in the air" or "a certain fish swimming underwater" meaning it is highly improbable that you ever receive the object. Or you don't know how much of the object you're getting. When you buy 1 Bitcoin on a platform, you know you're getting exactly 1 Bitcoin. There is little to no uncertainty. THE VOLATILITY CLAIM Buying a volatile asset is not something inherently prohibited by the shariah. Nevertheless, a scholar may want to protect his listeners from losing their money so out of caution prohibits them from buying an asset. But, Bitcoin, Solana and other digital assets with a historical record are the fastest growing asset class over the past 15 years despite their volatility. To prohibit customers from buying these assets would be to prohibit one of the best means for the ummah to gain wealth. If a scholar has this fear they should prohibit meme coins and keep assets like Bitcoin and Solana permissible. THE SIMPLEST ARGUMENT FOR PERMISSIBILITY The chief qādi of Southern Algeria who had never heard of Bitcoin when I first discussed this with him gave the simplest checklist for knowing it is permissible: ✅ Is it pure? Yes. ✅ Is it permissible to benefit from? Yes, to store money. ✅ Is it explicitly prohibited by the shariah? No. ✅ Is their uncertainty what or how much you're getting? No. Within 15 minutes of hearing about BTC and going back and forth with me, he said it's permissible. And this would apply to other similar cryptocurrencies like Ethereum, Solana, etc.

Another victim of overfiqhization: the arts are dead.

i need to know which designer at goldsand.fi made this footer. i want to know the story behind it. i actually love it.

One of my uni classmates was a Pakistani atheist from Dubai. He was the only *actual* Marxist I knew, as in someone who read theory and understood it. He was a NEET for two years after uni and then somehow became a fullstack dev at Amazon. He is one of the highest earners I know.