Bitcoin is not against the Shariah Law and there are muslim scholars who already agreed to this kind of statement. Anyway, let us clarify first the word halal, halal refers to the preparation of meat by the muslim in according to their shariah law thus we cannot apply this to bitcoin since bitcoin is not a food but a cryptocurrency.

But anyway bitcoin according to Muslim Scholars are in compliant and not against the Shariah Law and its just a matter of time before Arab and Muslim Countries will jump and join the bitcoin market.

I think it is true that bitcoin is in accordance with Islamic Sharia, because it has an increasing value like gold that is not infected by inflation, and I believe that soon the Qatari state and others will soon become big investors.

The article states that Shariah law does not prohibit Bitcoin, but then it says that it all depends on a country. National Law still the one that should be followed. Bitcoin for them is not just a currency but a technology for payment and transaction. So the acceptance of Bitcoin depends on the rulings in a certain country.

Looks like they have another way of trading oil, no need to rely on USD when you can buy using bitcoin. Good to see that religion is not going to block the adoption of bitcoin, all should get involved in this new type of bank-free currency.