Topic: May Bitcoin be considered money according to Islam? - page 2. (Read 2661 times)
ADAB Solution the First Islamic Cryptocurrency Exchange has been build base on the norms and value of Islamic principles and value having that I believe bitcoin is acceptable in Islam
Yes, I have never heard Islam consider Bitcoin to be Money. But Islam considers Bitcoin to be a legitimate transaction tool, I get this from a decision delivered by the Islamic Ulema Council in my country. As long as Bitcoin does not harm the ummah, then this Bitcoin is legitimately used as a transaction tool.
In general, Islam does not recognize any currency that is not covered by gold, silver, and other assets.
Based on the above definition, all current currencies are not considered as money according to Islamic Sharia.
Muslim scholars in the current era added an exception to the currencies not covered by gold provided that there is a hand issued and guaranteed value such as the Central Bank.
Therefore, most Muslim scholars do not recognize bitcoin but may change in the future.
Based on the above definition, all current currencies are not considered as money according to Islamic Sharia.
Muslim scholars in the current era added an exception to the currencies not covered by gold provided that there is a hand issued and guaranteed value such as the Central Bank.
Therefore, most Muslim scholars do not recognize bitcoin but may change in the future.
Correct. They don't mind online businesses as well. It depends upon the country actually. However, Bitcoin is not related to any religions all over the world. We have different thoughts and beliefs. And according to our experts, in the near future, money would be spent online and there would be no physical money that we can use.
Don't you think you should ask it to some islamic figure?
In general, Islam does not recognize any currency that is not covered by gold, silver, and other assets.
Based on the above definition, all current currencies are not considered as money according to Islamic Sharia.
Muslim scholars in the current era added an exception to the currencies not covered by gold provided that there is a hand issued and guaranteed value such as the Central Bank.
Therefore, most Muslim scholars do not recognize bitcoin but may change in the future.
Based on the above definition, all current currencies are not considered as money according to Islamic Sharia.
Muslim scholars in the current era added an exception to the currencies not covered by gold provided that there is a hand issued and guaranteed value such as the Central Bank.
Therefore, most Muslim scholars do not recognize bitcoin but may change in the future.
Yes, I agree and I believed that it must be a physical form to consider it a money.
I think religion should not touch upon the issue of electronic money in any way. I never heard that did not recognize the dollar or the ruble, it is the same coin only has no physical currency, so I think it can be used by all.
Bitcoin and the blockchain system are a development of technology. And I know, Islam really appreciates technological developments. If cryptocurrencies are banned from an Islamic point of view, why are there projects like this http://www.adabsolutions.com/
I believe Islam does not prohibit the use of Bitcoin or cryptocurrencies. It's just that, if it's wrong when using cryptocurrencies, then this is prohibited in Islam.
I believe Islam does not prohibit the use of Bitcoin or cryptocurrencies. It's just that, if it's wrong when using cryptocurrencies, then this is prohibited in Islam.
With so many views around, there hasnt been any full standpoint as to it being a currency or not. Although further developments and changes will contribute to views of scholars.
It is also possible, because the vast majority of Muslims do not interfere with the matter and I think the bitcoin currency is regarded as a money, because money is also home to a digital currency. and there are also Islamic who really believe in a digital currency as a bitcoin proving that the Islamic country can also take along with a bitcoin. and most of the people in Islam are here proving that they believe in bitcoin crypto.
in my opinion, it doesn't matter if religion does not support like this, this is looking for a lawful income and I don't think it needs to be associated with religion because it has nothing to do and does not make other religious losses. 
An interesting question is whether Bitcoin is money according to Islam.
Me and my colleagues ask if it is permissible to use the currency and they said it falls in the section where doubt is. In Islam doubt should be avoided but they never prohibit us. We said we work and earn money from a site where they pay us via crypto. Their answer it is okay as along as we are not with the ones who are in the deceiving team or scammers, it is okay for us to use the currency as long as no harmful effects to other folks around us. They say that even the paper money does not have a value but it said to believe it has, so there shouldn't be a problem in a digital one. We may never know, sooner or later Muslim countries like Dubai or UAE countries will use a digital currency and disregard the paper one.
As far as I remember, there were statements regarding the fact that Muslims can deal with Bitcoin. Enough to google.
i think it need sth like sofa bed to thinking on it 
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Though Bitcoin is not money according to Islamic Shariah but It is not haram also. People are working hard to make it and we spend almost every hours on it, so bitcoin is like Remuneration! MANY Islamic countries are except few. Some people describing bitcoin in the wrong way and they are calling it haram. But One day They will realize the right thing. You must research yourself, don't rely on someone blindly.
Anything which is earned by gambling or by the method of acquiring interest, is not acceptable in Islam. BTC are mined, i.e. people do work hard in it, and they pour money on it and get the work done. It does not defy the law in Islam so far, so it should not be haram.
I think so. I far as I know there’s a lot of muslim fellows that are into bitcoin and cryptocurrency in general. It only proves that by involving in or acquiring them does not violate their religious law. They are very strict when it comes to implementing their law so i believe they will not take the risk if they know it is against their law. 
An interesting question is whether Bitcoin is money according to Islam.
Personally, I do not know much about Islam and what are their beliefs in bitcoin. But I do believe that whether you are a islam, roman catholic, hinduism, buddism or etc. still you are open to accept bitcoin is better. Using bitcoin does not define what religion you are as long as you used it in a good way. People are many beliefs so its depends on them on how they see bitcoin and other coins.
I don't know much about Islam, but I don't think bitcoin will be accepted by this religion. Internet currency and Islamic laws can hardly be fully combined.
Bitcoin is really considerable as money, even if it doesn't have a physical appearance and it only runs through internet we can still considered it as a money because we can convert it to fiat and buy our needs. I believe that bitcoin is really amazing it can maybe become a verry big thing in the near future.
I don't know much about Islam, but I don't think bitcoin will be accepted by this religion. Internet currency and Islamic laws can hardly be fully combined.
Previously, digital currency was considered a form of usury due to the high level of volatility, which caused many disputes among scientists.
Since Bitcoin can be considered both as a commodity and as a currency, it is rather difficult to quantify. At the same time, it falls under certain requirements, which must meet the money in the Sharia.
Since Bitcoin can be considered both as a commodity and as a currency, it is rather difficult to quantify. At the same time, it falls under certain requirements, which must meet the money in the Sharia.
It is also possible, because the vast majority of Muslims do not interfere with the matter and I think the bitcoin currency is regarded as a money, because money is also home to a digital currency. and there are also Islamic who really believe in a digital currency as a bitcoin proving that the Islamic country can also take along with a bitcoin. and most of the people in Islam are here proving that they believe in bitcoin crypto.
Not like they have an option. It's easier to buy guns, bombs online with bitcoins lmao I'm not trying to be a racist, just stating the facts.According to Islam, the use of interest is forbidden. Crypto currencies can also be troublesome in futures transactions. Apart from that, I don't think it's gonna be a problem. Still, we need to ask religious experts.
Is there a thing called religious experts? Are they the same people who spread Muslim propaganda all around Europe? Their opinions are as good as that dude who said fucking a goat is a way to go to heaven.
According to Islam, the use of interest is forbidden. Crypto currencies can also be troublesome in futures transactions. Apart from that, I don't think it's gonna be a problem. Still, we need to ask religious experts.
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