Topic: May Bitcoin be considered money according to Islam? - page 3. (Read 2663 times)
I can't give an explanation about this, but I myself have a principle, as long as we get money (no matter digital money or paper money) in a lawful way and use it according to Islamic teachings, I don't think that is a problem.
An interesting question is whether Bitcoin is money according to Islam.
I think the problem is that it doesn't need to be debated or discussed with crypto, if you refer to scripture then you must live like that era. the state of the internet will also be a problem if it has to be linked to religion. so stop making silly posts like this.
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.
Bitcoin is the same as money because it is a medium of exchange accepted by the general public, value standards and saving tools. but let alone in Indonesia, even the presence of Bitcoin is still sparking debate. Starting from politicians, the banking community, businessmen to top leaders of world-renowned technology companies, commenting on Bitcoin. everyone has a different opinion.
Bitcoin isn't money for Islam because it is a digital currency and is for business purposes.
the more debate is require in considering bitcoin as legal or Halal according to Islam. as cryptocurrency is very wide field and more things is yet to be understood by the people. as time passes and bitcoin will be easy to understood may be constituencies in Islam would be change about bitcoin. but right now it is not a valid source of income according to some Ulma e Ikram.
Of course not, BTC isn't under the control of any organization or country. And it is the digital currency that the coding technology makes for investment and business, so it isn't Islamic money.
My opinion is that money is money. Digital money is no different from fiat money, so I think Islam is not prohibited. It is important that in Islam you cannot perform certain actions with money, it is to lend, take a loan and much more.
I don't really understand if it is associated with religion, what is certain is that bitcoin is not a currency, but digital technology that has value. Where the development of the bitcoin era is increasingly used as a tool for transactions. And if I think that in the future bitcoin will be seen as something lawful for all circles.
An interesting question is whether Bitcoin is money according to Islam.
Every individuals had their own opinion that they can give here in the forum. Bitcoin is money that can be consider in terms of digital currency, but in physical aspects it is not a currency/money. However, from digital form bitcoin can be convert into fiat currency. So, if you are going to look at it is still can be say it is a real money on which Islam was right on this thoughts.
my opinion bitcoin can be done in Islam, bitcoin is not gambling, here we are competing to find profit and we also have to have a lot of capital, if we work in the bounty campaign, we will get it in Islam, following the bounty work we work in monthly
Yes, I agree with your opinion, for me bitcoin is my livelihood for 2 years from participating in a bounty campaign to get bitcoin for free. I don't spend any money to trade, purely I get bitcoin from working hard as a bounty hunter. So I think when I work even though I am a bounty hunter it is the same as working in another place, in Islam if I work it is good and lawful. different from gambling. it's prohibited
Here is religion when it comes to money. The main thing is that the activity is profitable, and the name of the currency is not important.
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.
An interesting question is whether Bitcoin is money according to Islam.
oke This is an interesting question "May Bitcoin be considered money according to Islam?", but I can be 80% sure it's not, not a little and the same yellow. I do not dare say 100%, because I have not had any proof of what I just just say.
I, as an Islamist, argue that the halal or haram of bitcoin depends on how we use it. If Bitcoin is used the same as money because it is a medium of exchange received by the general public, which has a standard value, it may be used (HALAL).
But it can also be haram if Bitcoin is used as a septic tool or in other words, it is only a game of profit and loss. this includes GHARAR and is not permitted in Islamic law.
But it can also be haram if Bitcoin is used as a septic tool or in other words, it is only a game of profit and loss. this includes GHARAR and is not permitted in Islamic law.
bitcoin is not money but digital currency, I think Islam will allow bitcoin for Muslims as long as bitcoin is used properly, unless bitcoin is used for criminal tools such as terrorist financing or money laundering, Islam will certainly not allow it.
An interesting question is whether Bitcoin is money according to Islam.
I don't have a deep knowledge of Islamic believes though I suppose a bitcoin will not be recognized as a money. But it is very hard to judge nowadays as technical progress and development make hard the understanding and interpretation of the religious canons.
An interesting question is whether Bitcoin is money according to Islam.
Definitely right because all forms of transaction of bitcoin is classification form of payment method even if it is tangible, so me also I agree with the theory of Islam.
i'm not sure about that. I only know that bitcoin is a kind of money but virtual , it means that the transaction between two parties but no one know another.
There are many debates about this in Islam, but one thing i know is that a mosque in London accepts Bitcoin/Ethereum as donation. I think that this is a wonderful idea, because they already got a lot of donations from people around the world.
If the debate is to decide whether bitcoin is money or not then there is not debate because we all no bitcoin is a currency and it was developed in the first place to do every thing a common currency can do to use as a means of payment for any service or product so there is no difference between fiat currencies and bitcoin except the intangibility which is negligible because what is the purpose of it when we are living in a world that everything is digitizing
There are many debates about this in Islam, but one thing i know is that a mosque in London accepts Bitcoin/Ethereum as donation. I think that this is a wonderful idea, because they already got a lot of donations from people around the world.
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