I'm interested in understanding the Islamic perspective on cryptocurrency. Specifically, I want to know what the rulings or guidelines are within Islam regarding the use and ownership of cryptocurrencies.
6 answers
Pietro
Sat Nov 02 2024
In addition to gharar, the ruling also cites dharar as a reason for considering cryptocurrency transactions haram. Dharar refers to transactions that have the potential to harm others.
DondaejiDelightfulCharmingSmile
Sat Nov 02 2024
According to the 7th MUI and the 2021 NU East Java meeting, the ruling on cryptocurrency and its transactions is considered haram.
Nicolo
Sat Nov 02 2024
The reason behind this ruling is due to the element of gharar present in cryptocurrency. Gharar refers to uncertainty or speculation in a transaction.
CryptoPioneerGuard
Sat Nov 02 2024
Cryptocurrency transactions involve a high degree of speculation and uncertainty, making it difficult to determine the true value of the currency.
CryptoMaven
Sat Nov 02 2024
The Council of Indonesian Ulama (MUI) and the National Nahdlatul Ulama (NU) in East Java have issued statements regarding cryptocurrency and its transactions.