Topic: Is Bitcoin Halal or Haram: A Shariah Analysis (Read 611 times)
Some scholars say, "Money is an object agreed upon by its users as a means of exchange, even though it is made of a piece of stone or wood. (Majmu 'Fatawa, 19/251). In conclusion, up to this point, the use of bitcoin by sharia law is permissible, there is no side to the offense, as long as it is legally owned and not through piracy or fraud.
Related to hot news halal and haram bitcoin or other virtual currency. I have no opinion or fatwa to accuse. As for my thoughts, like a knife, if used to cook he has a law of halal. but if used to act crime then he entered the law haram.
Try to think, halal and haram the knife. not the knife that has the nature of halal or haram. but the behavior of people who use that. so anyway we treat bitcoin and use cryptocurrency like what. that is what determines halal or haram in the eyes of god.
About Shari'a. in cryptocurrency knows no hidden costs. in contrast to bank loans either government or private. they always have hidden costs and tricks. this is called usury. inside bitcoin and aother cryptocurrency does not exist.
I agree with you, the most I underline is usury. for me:Try to think, halal and haram the knife. not the knife that has the nature of halal or haram. but the behavior of people who use that. so anyway we treat bitcoin and use cryptocurrency like what. that is what determines halal or haram in the eyes of god.
About Shari'a. in cryptocurrency knows no hidden costs. in contrast to bank loans either government or private. they always have hidden costs and tricks. this is called usury. inside bitcoin and aother cryptocurrency does not exist.
- far from usury
- Not Relying On Fortune (Gambling)
- Unclear transactions (Gharar), this means, when economic transactions must be ensured in advance the type, quantity, quality, condition of goods or economic products so that no one mutually harmed.
- Accountable; meaning transparent. Thus, in the future, although the problem will be clear and there will be no accusation because of unrecorded transaction issues.
I think Bitcoin with its Blockchain already has an accountable element, the rest depends on who uses it.
Gambling is forbidden to all Christians and Muslims, as is loaning money. But money is not forbidden. Now in reality there is no god so we are just talking about the ideas of men.
I always find it funny that so many men follow the ideas of other man like it was their duty. They impose restrictions upon themselves and flock into groups that choose the same restrictions. As a result, we have countries with multiple religions, where in one group people don't drink alcohol, pray to the mekka, beat their women and screw little girls, and in another, men wear black clothes and live in celibacy (officially), while being a parent, or fucking children (depending on the preferences) when nobody is watching.
Bitcoin is in accord to the Shariah Law. What is being taught in that law that a muslim should not engage is gambling. Bitcoin is a currency and at the same time it is like a commodity like gold and thus it cannot be considered gambling. Some muslim scholars have already have this viewpoint and said that bitcoin is healthy to be used by the Muslim community.
I believe this should be the answer for all of that.
If it is really illegal to their Law then fiat money should have been too.
How can they buy their food if that happens? Paper money is an investment too. A lot of people from a nation where their own currency is low in conversion are keeping USD just so when it grows in value then they will have money. What is the difference with that and bitcoin?
Is fucking 9 year old little girls halal or haram?
Do you think muhammed cared when he was nailing Aisha about such things? I think Bitcoin is a little less bad than pedophile. Carry on.
Totally halal...
" Aisha was six or seven years old when she was married to Muhammad with the marriage not being consummated until she had reached the age of nine or ten years old"
Do you think muhammed cared when he was nailing Aisha about such things? I think Bitcoin is a little less bad than pedophile. Carry on.
Totally halal...
" Aisha was six or seven years old when she was married to Muhammad with the marriage not being consummated until she had reached the age of nine or ten years old"
https://islamqa.info/en/44990
Can you stop posting offending things before knowing the whole story???
The only definition we can accurately accept is from satoshi nakamoto himself since he is the creator,he can define it more than what we could say, it does not matter if bitcoin is halal or haram, as long as bitcoin is use in good purpose and can connect people to the entire world and be free from slavery of big bank leaders who continue to put a certain country in debt.
Bitcoin is in accord to the Shariah Law. What is being taught in that law that a muslim should not engage is gambling. Bitcoin is a currency and at the same time it is like a commodity like gold and thus it cannot be considered gambling. Some muslim scholars have already have this viewpoint and said that bitcoin is healthy to be used by the Muslim community.
I agree with your opinion, bitcoin is not haram, bitcoin is a currency and investment is like gold, bitcoin is not gambling but there are some people who use bitcoin for gambling, bitcoin deserve to be said as a medium of exchange if it can be accepted by societySo, I think bitcoin is totally legal in Islanic Shariah.
It should be legal in all aspects by default since Bitcoin itself isn't doing anything wrong. It's the ecosystem around Bitcoin that may not be considered halal in certain cases. It once again comes down to how people use or abuse Bitcoin, and this is something that not everyone seems to understand yet. Bitcoin itself is the purest form of freedom, everything basically that the current system can't provide people with.
I know plenty of muslims myself, and they all haven't even thought one second about Bitcoin being halal or not, and that's exactly how it should be. I very much doubt that this will have any significant impact in the future because of that; muslims have bought themselves into Bitcoin already, so what exactly is there to gain? If people talk about the wealthy Arabs, then I am sure they have done everything to get involved in crypto by proxy. Banks invest in crypto by proxy, wealthy individuals, perhaps central banks, etc. It almost seems like an ongoing proxy hype.
Bitcoin is in accord to the Shariah Law. What is being taught in that law that a muslim should not engage is gambling. Bitcoin is a currency and at the same time it is like a commodity like gold and thus it cannot be considered gambling. Some muslim scholars have already have this viewpoint and said that bitcoin is healthy to be used by the Muslim community.
I agree with your opinion, bitcoin is not haram, bitcoin is a currency and investment is like gold, bitcoin is not gambling but there are some people who use bitcoin for gambling, bitcoin deserve to be said as a medium of exchange if it can be accepted by societyI am a Muslim and do not understand Islamic syariat in depth. before I know bitcoin I invest and trading FOREX and a friend introduce me with bitcoin and trading bitcoin and altcoin here I can say bitcoin halal karna from transaction aspect no usury and fund which we ivetasikan can not be lost and burned because the price reduction as FOREX
I am a practicing Muslim. I say prayer five times regularly. I invest and trade bitcoin because I don't find anything unreligious here. Bitcoin is a currency that fluctuates. So it has no usury or illegal aspect. You can gain or loss like any business. So, I think bitcoin is totally legal in Islanic Shariah. 
I think we should look at the bitcoin law on how to get it.
if we get a bitcoin from a campaign, i think it's no problem.
but the more specific issue is bitcoin trading, because the people's paradigm about bitcoin is haram, and we need to straighten their assumptions.
and if we talk about bitcoin trading law, I think the law is still debated, and my attitude is to leave things unclear. because leaving the unclear is more survived.
and this is my attitude about bitcoin trading.
Well i completely agree with your statement.if we get a bitcoin from a campaign, i think it's no problem.
but the more specific issue is bitcoin trading, because the people's paradigm about bitcoin is haram, and we need to straighten their assumptions.
and if we talk about bitcoin trading law, I think the law is still debated, and my attitude is to leave things unclear. because leaving the unclear is more survived.
and this is my attitude about bitcoin trading.
Bitcoin becomes haram when used or received from something bad. But used as currency I think it can be halal however the Muslim scholar assume that bitcoin is haram because it is mostly used as a criminal tool so they consider it haram and this should be straightened out.
Electronic currency is the currency in digital form, unlike paper currency or mine metal currencies, as is commonly circulated. Therefore, buy digital currencies with other different currencies, including sharf transactions (currency transactions). In Islamic currency transactions are allowed except for speculation
Fatawa syabakah says Who owns the digital currency in a prescribed way (mubah), then it is not a problem to be utilized, for the necessities of the mubah. So maybe back to our goal of buying bitcoin.
The electronic currency is the currency in the digital world. This currency although its form is not the same as other currencies, but viewed from the side of the insured value of the same status. So this electronic money is being punished as a 'number' (currency) that can be saved.
I think this is a tough discussion, not that bitcoin can be considered halal or haram.
Before I discuss more about bitcoin, let's see what is halal and what is haram? See explanation beside: what does haraam mean
After that let's see what is bitcoin and its technology? The explanation besides : Bitcoin
Once we know all about sharia law and the notion of bitcoin then there are several aspects that need to be in carefully.
1. In the Qur'an there is no explanation about bitcoin, then that is used is the law of jurisprudence.
2. in fiqih something that is vague and invisible the law should not, but the faint / invisible bitcoin nature can be accounted for technologically. This means a vague thing in the legal bitcoin ma'fu (allowed).
3. all matters relating to crime are not obtained in Islam, if bitcoin is used for ignorance means bitcoin haram.
4. state law does not mean Islamic law.
5. bitcoin for legal speculation makruh, the reason that speculation brings a bad impact for some groups.
6. bitcoin for legal investment may, the reason that the technology will grow and bitcoin many benefits other than to serve as a medium of exchange.
I think this can be an excuse that bitcoin in Islam is allowed for positive activities and is not allowed when used for crime.
Before I discuss more about bitcoin, let's see what is halal and what is haram? See explanation beside: what does haraam mean
After that let's see what is bitcoin and its technology? The explanation besides : Bitcoin
Once we know all about sharia law and the notion of bitcoin then there are several aspects that need to be in carefully.
1. In the Qur'an there is no explanation about bitcoin, then that is used is the law of jurisprudence.
2. in fiqih something that is vague and invisible the law should not, but the faint / invisible bitcoin nature can be accounted for technologically. This means a vague thing in the legal bitcoin ma'fu (allowed).
3. all matters relating to crime are not obtained in Islam, if bitcoin is used for ignorance means bitcoin haram.
4. state law does not mean Islamic law.
5. bitcoin for legal speculation makruh, the reason that speculation brings a bad impact for some groups.
6. bitcoin for legal investment may, the reason that the technology will grow and bitcoin many benefits other than to serve as a medium of exchange.
I think this can be an excuse that bitcoin in Islam is allowed for positive activities and is not allowed when used for crime.
In my personal prespective, it depends on how you got the bitcoin.
Bitcoin is just like money, it's haram or no, depends on how you get it.
If you get it from doing some jobs and you get paid (bounty) it's halal.
But when you get it like from gambling or any other "speculative" ways. it becomes riba'
Correct me if i wrong
Bitcoin is just like money, it's haram or no, depends on how you get it.
If you get it from doing some jobs and you get paid (bounty) it's halal.
But when you get it like from gambling or any other "speculative" ways. it becomes riba'
Correct me if i wrong
the law in Islam is haram.halal.muba.dan makruh.
the scholars differed in giving a fatwa to Bitcoin.
where the majority of scholars allowed Bitcoin because of the proposition that Bitcoin is sufficient to become a medium of exchange. and there is another scholar who says haram by saying that Bitcoin has no physical form.
apart from that a Muslim has the choice to follow which scholar.
for the theorem's argument is too long for me to mention.
but for me personally I follow the majority of scholars who allow Bitcoin.
the scholars differed in giving a fatwa to Bitcoin.
where the majority of scholars allowed Bitcoin because of the proposition that Bitcoin is sufficient to become a medium of exchange. and there is another scholar who says haram by saying that Bitcoin has no physical form.
apart from that a Muslim has the choice to follow which scholar.
for the theorem's argument is too long for me to mention.
but for me personally I follow the majority of scholars who allow Bitcoin.
I do not consider bitcoin and cryptos as haram because we do not prefer the banks as not halal one. So now bitcoin is against the banks means we have take the bitcoin a halal one as I feel.
I am not sure people are sharing the thoughts about bitcoin in any new hadiths has been shared in any place.
I too agree bitcoin is allowed in islam.
the law in Islam is haram.halal.muba.dan makruh.
the scholars differed in giving a fatwa to Bitcoin.
where the majority of scholars allowed Bitcoin because of the proposition that Bitcoin is sufficient to become a medium of exchange. and there is another scholar who says haram by saying that Bitcoin has no physical form.
apart from that a Muslim has the choice to follow which scholar.
for the theorem's argument is too long for me to mention.
but for me personally I follow the majority of scholars who allow Bitcoin.
the scholars differed in giving a fatwa to Bitcoin.
where the majority of scholars allowed Bitcoin because of the proposition that Bitcoin is sufficient to become a medium of exchange. and there is another scholar who says haram by saying that Bitcoin has no physical form.
apart from that a Muslim has the choice to follow which scholar.
for the theorem's argument is too long for me to mention.
but for me personally I follow the majority of scholars who allow Bitcoin.
This whole debate around crypto being halal is very skewed I think. People think that 1.8billion muslims around the world have been waiting for the blessing of a cleric to get involved. This is preposterous, first of all not all muslims are the same, and they don't all follow the same clerics. On top of that just based on where I live and the conferences I attend and there a loads of muslims in attendance!
my understanding of sharia is still superficial, but I think as long as it does not harm other people Bitcoin it can be lived by Muslims. About the price that can go up and down quickly, it is the effect of a crowded market situation, if the market is quiet the price will also be stationary.
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