After the withdrawal of Islamic banks from UK mortgage market, Wayhome have a massive opportunity to capture new business with non-debt finance.

Sadly, their criteria exclude many from buying their "dream home". A 🧵

1/4

https://twitter.com/wayhomeuk/status/1427899326303510531

E.g. flats near a railway line are excluded despite millions of people living near a train line in perfectly excellent homes.

Oddly some flats near a line are listed on their site whilst others further away from the same line are excluded.

Huh?

"Computer says no."

2/4

IDK who needs to hear this but in the world of finance and economics, academics & scholars s'times work against the good of the people.

This fatwa declaring #BTC haram by Intl Union of Muslim Scholars is misinformed, harmful and must be rebutted.
🧵 1/

iumsonline.org/ar/ContentDeta… At a recent industry workshop in a room full of fiat academics, almost every comment was nebulous pontification. One quoted the IMF on the environmental impact of BTC. It’s hard to keep a straight face in the light of such speciousness. 2/

This does not meet the requirements of sound money.

An Islamic coin already exists. #Bitcoin is the most Islamic form of money ever invented.

1/n Initial observations: Sheikh Nizam Yaquby is a signatory to the fatwa. He is a highly credible individual and a mentor of mine. Note the carefully chosen wording throughout the fatwa, including:

Shari'a board "does not express an opinion on... economic feasibility..."

2/n