CryptoTitaness
Sun Jun 09 2024
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7 answers
1560
Is bitcoin halal or haram?｜Islamic banking laws are also anti-interest so the technology, pricing, and buying and selling of cryptocurrency money is deemed halal by many Islamic scholars who rely on the teachings of Prophet Muhammad PBUH when seeking guidance about permissibility ( ultimately, only Allah knows best).
Could you please elaborate on whether Bitcoin is considered halal or haram in Islamic law? Islamic banking principles frown upon interest, so I'm curious about how Islamic scholars view the technology, pricing, and transactions involved in cryptocurrency. Given that these scholars often rely on the teachings of Prophet Muhammad for guidance on such matters, what is the general consensus among them? Ultimately, of course, the ultimate judgment lies with Allah, but it would be helpful to understand the current scholarly opinion.
Martino
Sat Jun 08 2024
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5 answers
1637
Is cryptocurrency illegal in Islam?｜Islamic banking laws are also anti-interest so the technology, pricing, and buying and selling of cryptocurrency money is deemed halal by many Islamic scholars who rely on the teachings of Prophet Muhammad PBUH when seeking guidance about permissibility (ultimately, only Allah knows best).
Could you elaborate on the legality of cryptocurrency in the Islamic context? Islamic banking laws forbid interest, so how does this align with the practice of pricing and trading cryptocurrency? Many Islamic scholars seem to consider it halal, but what is the basis for this interpretation? Do they draw from the teachings of Prophet Muhammad for guidance? And ultimately, who determines the permissibility of cryptocurrency in Islam?
