Topic: When Religion and Finance [Bitcoin] Overlap and Clash (Read 445 times)

Some people believe in God
Some people believe 911 was caused by the US Government
Some people believe the earth if flat
Some people believe Ethereum is awesome
Some people believe Tether is not a scan
Some people believe Bitcoin is going to take over the world

Fact is, humans are extremely gullible, make sure you are correct about your own beliefs before criticising others.

But, I doubt most of you reading this are capable of that as you are already in your own cult.

If it is observed that there are still many disagreements, even though the scholars in the country, from various points of view, some say it is haram or halal with certain rules. but for me it all comes back to us personally, if we get money from here, and provide a lot of benefits, especially for people around us, then why are we arguing about that problem. alcohol can be halal under certain conditions. Sorry, that's just my personal opinion

what is forbidden in Islam such as gambling, drunkenness or places that serve both are prohibited from visiting as well as investment if the coin being invested has something to do with what is prohibited as I mentioned earlier then it is clearly haram but if the coin invested has no element of gambling or drunkenness or the like I think is allowed,

Religious leaders would always say anything, but let’s not forget that these people are also human beings like us and really can’t be right at all times. Sometimes when your religious leaders say something, it is up to you to go home and think about it another it is something that is right or not. They can’t be right at all times, and moreover I don’t see anything that is wrong with for someone investing into cryptocurrency.

It is simply an investment and a currency, but some people can decide to use it for gambling, lending, and other purposes, which might be wrong depending on the religion that you are into. But as a simple investment? Then I don’t see anything wrong with it.

I think it won't be so different because the fundamental is the same, Qur'an and hadith. But may be a bit different if it is viewed from different perceptions, it will depend on the understanding of the Islamic institution in the countries. I ever read the statements about the status of Bitcoin in the other Islamic countries, it won't be haram as long as no gambling elements and danger in investing Bitcoin. So, if we invest or trade safely with sufficient knowledge, I think it is not haram.

What about the other Islamic countries viewing this new market, i am sure there will be resistance at first because they cannot comprehend the evolving technology and there are other Islamic countries in the world and i am waiting to hear their position on the cryptocurrency market, whether they will also come with with the same conclusion or a split decision  .

I don't understand why you've chosen such a vague title, I wouldn't have found your thread if I wasn't reading posts of someone else. Why didn't you clearly write that Indonesian muslim authorities have issued a fatwa against Bitcoin in your title? There are many indonesian people on Bitcointalk, then the community should be aware of that.

fellow Muslims with different sects can clash. Not all those who strictly adhere to Islamic Sharia law are willing to follow these rules. Many Muslims still buy bitcoin. In fact, I've heard that storing money in a bank is haram. It's like a Muslim can't keep up with technological advances.

As long as there is no gambling or casino element in the sale or any elements that are forbidden in Islam, I think it's okay, for example, investing in digital gold or digital oil is legal, just like buying gold in the real world, gold is not forbidden in the Islamic world.

I don't believe what I am not convinced  no matter what any Religion say about it. The only part of Religion I hold dear is the part that ask us to love one another and love God. There is always clash between Religion and new technology. Individuals that are Muslim still buy and sell bitcoin not minding the controversy.

Islam requires a strict adherence to the Quran, and it is not permissible to gamble from most Islamic interpretations, so technically Bitcoin would not work in any Islamic society. Christian societies, or any westernized society predicated on Judeo-Christian values won't have a problem implementing a bitcoin based financial system. Even the moderate muslims that hardly follow their holy book would probably be against Bitcoin. You think any country in the Middle East would ever willingly adopt crypto? 

but this kind of thing is really weird, in my opinion
too eccentric, by issuing statements that make pros and cons in the general public

Don't compare Laws with Religion. It is very sad to see people state that laws are better than Religion. Don't you understand that laws are human-made, while Religion is created by God? Anyway, please don't be OOT, we are only talking about MUI statement, not about Religion. I know you may hate people who are fanatic with Religion, but it is their right to obey Religion. Don't spread hate about Religion, buddy! Please respect each other.

I have heard this since last year and I think the fatwa issued by MUI is still relevant to what I am doing today.
Because according to the MUI Fatwa, bitcoin is said to be haram when used as an investment because its value has high fluctuations so that it is feared to resemble gambling based on chance. However, if it is only used as a medium of exchange, the value is Mubah (if you do it it's okay, but if you don't do it you will get a reward).

It is proven that religion is something that is eating away at the world, it is not bringing anything good on the contrary these religious fanatics are a cancer to the world. if people want to be free, want to use bitcoin freely and want to earn money freely then they must not be religious fanatics, they must respect and comply with government laws even if some laws are nasty joke, but they are better than religion

You are right. I also heard that it is declared by the branch of MUI in east Java. So, the statement cannot be used as an official guide because the MUI center still doesn't state anything about Bitcoin or crypto recently. Even MUI center states something about Bitcoin and crypto, it should differ into 2 categories, investment and payment tool. Based on the regulation in Indonesia, Bitcoin or crypto can be used as a digital asset, it is supported by the government. While for payment tool purposes, it is strongly forbidden, because only Rupiah can be used as the legal payment tool. SO, haram is only for the cases of using Bitcoin or Altcoins as a payment tool.

In Indonesia, the majority is Islam and commonly the declaration (Fatwa) by MUI will be followed by most People (Islamic). However, related tot his declaration about crypto is haram, it is still debatable.
And as far as I know, the declaration of haram was not made or stated by central MUI, but the branch of it, that is located in one of the provinces in my country.
There are some points why this declaration to be haram:
1. Crypto cannot be a currency
Yes, exactly, in Indonesia itself, crypto is only legal as a commodity asset and not legal as a currency as stated in one of the rules here under Bappebti.
And about the disadvantages of the crypto that is considered very high (based on their assumption) may refer to certain shitcoins (moreover crypto that has no underlying, value, and also requiring pump and dump.

However, if this is about at our own risk to use crypto for investment and trading.
For me myself, as one of the people in the religion, I am still dong this, trading and also investing crypto, as far I use it not for a currency (because this is exactly illegal in my country), and also I must be aware of not trading and investing in shitcoins or hype coins that are very risky like gambling.

Religion is the belief and worship of some superhuman controlling power. It is the faith of people. If one believes in it, then there is nothing to overlap and clash with the values provided by the religion. As of now everything is connected with religious morals. What for this is done, I'm not sure about it. In Christianity some find religion spreading as a profession. With Muslims I haven't come across such act, yet this news shows that it also tries to rule its people through religion.

religion not only mention for trust a thing, not only for a faith, but also daily life. religion will help and guide believer to have good manner and all of needed to have, wealth, mental, or faith itself.
need to dive deep inside to know about this problem. and i ever ask to someone teacher who really care about religion, and he have to learn more. sometime, people cand decide and need to have more knowledge to decide something, not only from book but also from the other stuff.

Agreed, there are too many convolutions. Because of this, it will be difficult for Islamic countries to look at cryptocurrency in the same way as they perceive fiat, especially when the term 'cryptocurrency' can be associated with wrongdoing (that's of course not to say that this is not the case for fiat) is just that crypto is often vandalised as the 'bad economy', with fiat that has been used for thousands of years being preferred.

These actually extend to any financial activity other than work itself, and even then the term 'work' is still left to be widely interpreted...
In the end, it seems to me to be down to the individual to choose what they feel is appropriate for them

If one think about the uncertainty, then each and everything will be haram. There is nothing offensive, because we don't know what'll be our situation by tomorrow. This is same with every religious people. I came to know a little about the things mentioned in holy quran that they need to engage in business. I don't know what exactly it means. Business is a kind of investment, we don't know the certainty of profit.

If religion stay as a block then few may follow, which isn't gonna make a big impact on the market. However the final decision is upon an users own sense as said in the above quote.

On this point I totally agree with your opinion. The attraction of money exceeds the attractiveness of a pretty girl. Just because of the money the robbery occurred, torture and even murder.
Money is not everything, but everything costs money. That's the reality.

Back to the topic of discussion, when the development of the times is faced with religion, be it Islam or any other religion, there is a certain point that become a collision. For example, Religion says it is not allowed or forbid something that exists in this day and age, while technological developments have become a part of our lives. Specifically, I described the development of cryptocurrencies as a necessity and providing enjoyment for users to make transactions easier.

I am not really a Muslim or a religious person perse. But I do understand those values but at the end of the day :

Isn't everything uncertain??

The idea of certainty is usually defined by traditional things, traditional investments but when we talk about today's failing economy, can we really position them in the same sector for long term??

-The economy of most countries are falling apart which means soon enough the price of the particular currencies might fall down in matter of seconds.

-The price of most things are sky rocketing, we cannot just define volatility to be a factor attached to Bitcoins.

Investing is considered 'haram' in islam, mainly any short term selling is supposed to be forbidden. But at the same time, I do think we can go into deep depths about what's Haram or no, most of the times, people do it not because they don't trust their religion, but because they trust their common sense more.

At the end of the day it's the decision of a person not the decision of a government forcing their ideals.

I think things like this will still be in a long debate.
Talking about the majority, it may be true that Islam dominates and becomes the majority in Indonesia, but it does not mean that other religions and opinions are ruled out.
Besides that, the rules may only be mostly for those in Indonesia but it seems that things like this will be considered a breeze and I think because this kind of thing is only religious but not bound by laws in the country

I believe what MUI concludes is something that is still superficial. they should compare it with something that is already running and they use for their daily activities as a comparison.
whether crypto and blockchain have too many downsides or will there really be benefits. Of course, if MUI opens more and more in-depth discussions with crypto and blockchain experts in its country, it will get wiser conclusions.
because as far as I know, they forbid Bitcoin as a transaction tool. but as an investment asset, I think it is still tolerated. it may also be against the country's rules that limit the legal currency used as a means of payment.
I think everything will be more flexible when government regulations can strengthen bitcoin's position in a country.

I am a Muslim, but I feel that the fatwa issued by the MUI is very baseless, I think as long as crypto uses private money and is obtained fairly, I think,
here no one is harmed in trading bitcoin and other crypto, the name is trading, I think there must be profit and loss, because that is trading law
if staking is said to be haram, what about bank deposits? a little disappointed with the MUI statement that I can't put into words, basically everyone has a different point of view with bitcoin, let MUI say it's haram but I don't,

Islam has not gone through the conflict between reason and faith that Christianity went through in the Renaissance. In that conflict, faith lost, and has resulted in societies of Christian origin that are increasingly atheistic, and those who are still religious in those societies do not question scientific knowledge on the basis of what the sacred scriptures say, as was done in ancient times. In any case, if there is a conflict between one thing and the other, they try to reconcile them, a task that is becoming increasingly difficult.

Islam will at some point have to face this conflict between reason and faith, hopefully in a more peaceful way than what happened in Europe during the Renaissance, with the condemnation of Galileo and people burned at the stake.

Until then, in cases like this Bitcoin case we can do nothing. If the clerics who are supposed to be the highest interpreters of religion on earth, ban Bitcoin, religious people will believe them, it is a matter of faith, and rational arguments are not going to change it.

AFAIK,interest rates and borrowing money are forbidden by Islam,but Islamic banking still exists.
How come Bitcoin is halal in some Islamic countries and haram in others?It seems to me that this is just the opinion of the Islamic clerics.Some clerics interpret the Quran,Sharia law and the hadiths in one way,other clerics interpret them in another way.It looks like interpretation is more important than the facts.
It's OK that some people will refuse to use Bitcoin,because they think that it's against their morals and/or religious law.
That's the great thing about Bitcoin.Nobody is obligated to use BTC and everyone participates in the community voluntarily.

It will be interesting to see what will happen if Bitcoin or any other Crypto currency for that matter.. become a global currency. We know the Muslims love money, so will they haram that global currency too? All currencies have a speculative side to it, they call it Forex trading.... so is that haram too? 

These Clerics should stick to religious matters and leave financial matters to the experts.... but I think if someone donates a couple of 1000 of bitcoins to them, they will gladly accept it. (hypocrisy at it's best) 

With my little knowledge, i can say that bitcoin could not be disallowed in any religion. You can think of bitcoin as another currency (replacing paper money) or another assets like gold (digital gold). Since both money and gold are allowed in every religion there should be no reason to link bitcoin with religion. I can only believe that this may be another tactic to discourage people from using bitcoins.

I was brought up in a very religious family. I was always taught that money is an evil so we mustn't try to earn more. Personally I don't support this point of view as money is a tool to get something that you need and want. As I live in this world, I have a choice either to be poor and unhappy, or to be rich and be more happy. I choose financial freedom as it opens me and my family a lot of opportunities.

Of course, there are many, but this varies according to the environment in which the person lives. Some Muslims who live in a closed fanatic environment controlled by the clergy with their fanatical ideas, it is difficult for such young people to deviate from the “fatwas” of these fanatics. As for the more open environments that have The opportunity to open up more to the outside world, you will find many young people who do not care about the fatwas of clerics and understand the teachings of Islamic law in their own way, and try to get out of the thinking of fanatic clerics while staying within the teachings of Islamic law.
But to be frank with you, the section that is controlled by the clergy with their fanatical fatwas makes up the largest part of Islamic societies, even in Islamic countries that are somewhat advanced such as Indonesia, Malaysia and Turkey, you will find that the largest part is subject to the influence of the clergy, but I am optimistic that this situation will change in the near future with increasing openness to science and other civilizations.

Nevertheless, I think that it is very possible that there will be small groups challenging this fatwa, but I do not know to what extent its impact will be. In the past, some Islamic countries witnessed such a case where people rebelled against some fatwas of clerics, forcing them to retract this fatwa.

By the way, this fatwa regarding bitcoin is not found in all Islamic countries. There are many clerics who do not prohibit bitcoin. If you search the Internet, you will find hundreds of questions about these fatwas related to bitcoin. I have read many fatwas that say that bitcoin is not forbidden, but only margin and futures trading it is forbidden because it is similar to gambling, which is forbidden in Islamic law.

Muslim scholars with time learn things specially related to technology and finance. For instance till 90s Muslim scholars declared stock trading as haram since its not backed by anything. With time they learned that they are physical representation of company and now its declared halal. Right now scholars  are not clear about this technology. With time they will learn and made it halal.

I know you are not the only one having this position. So you guys are in effect actively defying the fatwa of what is considered the foremost Islamic scholarly council in your country. It is interesting to note that a person like you who is strictly adhering to the Islamic teachings is also rejecting the declaration of the Islamic authority.

I'm curious. Is there by any means a possibility that a group of like-minded persons like you would challenge such findings and cause a reversal of the body's earlier declaration?

I am a Muslim and adhere to religious teachings and I work in cryptocurrencies freely without caring about the words of these idiots who call themselves Islamic clerics. I have read the entire Holy Qur’an as well as the bulk of the “honorable hadiths” but I did not find that there is any Quranic or honorable hadith that can be relied upon that we can say that bitcoin is haram or forbidden, how do they consider bitcoin forbidden at the same time that they accept dealing with banknotes? Bitcoin has more stability and certainty than worthless fiat currencies?
Halal and Haram are in the way things are used and not just by owning them. I mean, you own the dollar, for example, and this is not forbidden, but it is forbidden to use it for things forbidden in Islamic law such as gambling, drugs or prostitution, the same for Bitcoin, owning Bitcoin is not forbidden but using it in Things that violate Sharia is forbidden.

Controversy becomes a clash when faced with state law and religious law, especially Islam.
The Indonesian Clerics Council (MUI) has issued a Fatwa through the Ijtima'(agreed) Clerics on the use of cryptocurrency. According to the view of Indonesian Clerics, the use or trading of cryptocurrencies into one of the currencies is haram, because it contain Gharar (transactions uncertainty), Dharar (can harm one party), Qimar (speculative or gambling) And contrary to Law number 7 of 2011 and Bank Indonesia Regulation number 17 of 2015.
The reason Indonesian Clerics issued a fatwa haram on cryptocurrency was because it did not meet the syar'i(provisions in Islam) requirements for sil'ah(real goods or commodities when buying and selling), that is there is a physical form, has a fixed value, and property rights that can be actually transferred to the buyer.

However, Clerics allow trading of cryptocurrencies that comply with Islamic rules, owns underlying asset, and brings clear profit to both parties.

I am not a Muslim but I live in a country where Muslims are the big majority and I have a lot of Muslim friends.A lot of local scholars here declared it forbidden too for the same reasoning as you point out in the first post.However I liked very much the explanation of one of the most well known scholars which he has a magistrate(I think the highest education to Islamic religion) from Saudi Arabia Islamic university.

Many persons asked him what about this new thing,the cryptocurrencies,the Bitcoin.He really easily explained that if a person in Islam buys a good for low price and keeps it to sell it a long time after for a much better price is permitted the same applies to crypto mining clearly making crypto mining allowed.He also said that trading is kinda like gambling which is forbidden.So there are two point of views,mining is allowed while trading isn't.So whoever gets Bitcoin from mining is not forbidden while whoever gets it from trading is clearly forbidden.Hope this helps.

I think this post of mu_enrico shows the best to my understanding of why are they considering crypto bad, I'm almost certain google translate is messing with me on som words that's why I'm not going to enter into details but it means to me the main problem is the speculation over it.
I guess I kind of understand what gharar is but the dharar concept is really weird and I can't picture to what it relates in a crypto transaction.


If you go too deep into this even buying something that you know is going to rise in price from somebody so theoretically making him lose money is forbidden, right?

Anyhow, until any of their recommendations carry the power of law I think it really doesn't matter.

This is the problem when religion interfere and it greatly cost us before just because of the religion. Their beliefs, all of it, but maybe that was one-sided views to others while some perspective will shift in accordance to their knowledge about the outside world regardless of their religion.

Although, we can't stop them if that was their choice since we aren't stepping on their shoe. All we have to do is to respect their choices and let the individual choose their own choices if they want to break the haram or proceed to do on their own accordance.

Afterall, we are all just humans tend to make mistakes as we learn and grow.

Don't know what to say, this is not my realm. Really for me this is beyond knowledge. Religious law is too sensitive for me who does not have the capacity.

As for personally I just hope it's not a moment that only certain groups take advantage of just because ATH has just been touched. Because they should have discussed this a long time ago, but ATH clearly makes people other than religious leaders even have to comment.

Islam and being backwards, name a more iconic duo.

And those clerics are directly benefiting from their people being more poor and uneducated, because that's how they get to keep their power. But maybe Bitcoin will shift perspective of at least a few people out there, regarding their religion.

This thread was already discussed on the local forum https://bitcointalksearch.org/topic/menyikapi-hukum-bitcoin-di-indonesia-5370413.
I'll try to give some quotes by converting them into English so that everyone can understand globally how this happened, and also the conclusions made by the Fatwa of the Indonesian Ulama Council regarding the Bitcoin law. As the increase in Bitcoin which attracted the government's attention was increasingly arising due to the unfriendly opposition, but in the end everything was decided based on bitcoin into the type of asset class, investment, or trading. According to @DroomieChikito
Note: it has been translated across languages ​​because it is from the Indonesian forum. (I'm from Indonesia and can bridge that statement, I hope @DroomieChikito will allow it)


https://media.neliti.com/media/publications/314803-factor-factor-investasi-dalam-pandangan-2ead3b0e.pdf

Not all followers of the religion would adhere to the religion, but we know how Muslims are so obedient with their religion so we have to expect that majority will not invest in bitcoin or use it. This would really be a big hindrance to adoption, but it is what it is, it cannot please everyone but at least we can still achieve the kind of adoption that will make this market grow.

For our Muslim brothers who are here, I'm pretty sure they are investing in crypto, otherwise they would not be in the forum.

"Harm" was also mentioned as one of the reasons why which makes me think they still believe in debunked-countless-times-misconceptions. There's also the thing with holy books being open to a lot of interpretations. There should be some ppl who thinks it isn't haram.

In this case, it would be best to just form a perspective of your own and use others' opinions as a reference.

Religion and technology never conflict

Government is under the hands of illiterate or atleast who don't even know basically anything about the monetary policies technically meanwhile some rich people know and understand the money influence the government to stop the people from attaining financial freedom in the name of religion and also some countries claimed that they want to stop illegal and criminal related transactions.

Actually the banking system itself is against the Sharia law so if they are strong patriotic ruler then ban all the banks which gives interest rate based loans since the basic income of Bank is from interest rates.

I don't want to offend anyone, but for me, such laws or guidelines in one religion are completely incomprehensible - because if someone does something completely legal, does no harm to another, or does any harm, why would it be bad to invest in Bitcoin? Everyone in this world has to fight for themselves, and religion should not stand in the way - especially if it forbids things that are basically nothing bad.

I can understand a man who lives by religious principles, but I honestly wouldn’t like to be in the shoes of those who have doubts like this when it comes to Bitcoin - and I personally would start seriously questioning whether my religion wants me good or bad in life. There are a lot of other things that religions can impose or advise their believers, but they shouldn’t tell people what currency to use, or what to do with their money.

Well, what is important is to know where the authority comes from, whether it's from the CREATOR of Heaven and Earth, or from an evil entity that controls the world and false religions.

We will know the truth in no-distant future. And there could be the desire to unban when the world is in choas. I predict that there will be regrets and shame for the foolish.

My initial reaction was to search how they view investing in stocks. It is said that it's not haram (generally) but you have to make sure the company issuing the shares aren't into haram activities. Yeah it appears lower probably of losing money like owning a percentage in a business is acceptable whereas investing in more speculative markets isn't.

The group of Muslims that stand against the use of bitcoin connecting with the religious morals coming up with opposition serves as a promotion for bitcoin among the Muslims who haven't known about bitcoin. Very limited number of Muslims, Christians, and other religion people follow their holy book. So, this is up to the users whether to use bitcoin or not.

It isn't clearly mentioned about the respective phrase that briefs about the uncertainty and wagering. If so, stocks too have the same features. With cryptocurrency it is found high whereas with stocks this can be found low. This is some form of fear among the islamic leaders and they try to keep the common man under control in the name of religion.

All governments in Indonesia starting from the regions, provinces and centers they are submissive and obedient to the president and religions in Indonesia which are recognized by the government there are 6 religions.
1. Islamic
2. Protestant
3. Catholic
4. Hindus
5. Buddha
6. Confucianism

That's the point, the majority of Muslims, that's right, this is the advantage of Bitcoin in Indonesia, all religions are allowed to use it, no exception: including Islam, although there are issues about Bitcoin, blah, blah, blah, it's just an issue, in fact the government supports and makes legal laws against several exchanges in Indonesia called (BAPPEBTI).

If discussed further, the story is long between Islam and Bitcoin.
I take an example:
Turkey, Saudi Arabia, Iran, Iraq, Malaysia, Singapore etc, the majority of Muslims, as well as Indonesia.

If you discuss about Islam and other religions such as: Catholicism, Hinduism and so on, you have to study their biblical laws which are prohibited and required, that's the key to the problem.

As far as I know, Islam prohibits usury, meaning that it justifies buying and selling and forbids usury, you can see in the Islamic Al-Qur'an, (just write it on google the law of usury in Islam you will find it).
So, from that law in Indonesia there is controversy from one side of Islam saying Bitcoin is allowed on the condition that buying and selling there is no element of usury, on the other hand Bitcoin is forbidden because it is not real.
It is on this basis that the government made a decision: Bitcoin in Indonesia does not have a single prohibition rule and is legal, meaning: Bitcoin may be used as an investment, trade, etc., at your own risk of loss/profit.

I am an atheist and I would like to offer my opinion here.

Religion was never meant for spirituality. It was all about ways to live a life. Spirituality comes from within and it's your inner calling that has no relation with the religion. Unfortunately, billions of people believes in religion and it impacts their lives both in a good and in a bad way.

Till now, I have not seen a single Muslim nation approved cryptocurrency as a legal tender. But at least Indonesia spoke about it and gave a reason for not approving it.

But when a large group of people believes that an ancient book written thousands of years ago can decide their way of life better than science and technology, you can only say that it's unfortunate!

But in a free world, it's an individual choice whether to follow the teachings of religion or to progress with time. You and I can't do anything!

Do you have to guess?
If somebody is still on this forum and reads this is clear he's not planning on stopping using and trading cryptos because of religion.
The ones that do care about it will of course no longer be here as they are rushing to sell their coins 

From the wiki page I got the feeling that this UFC has no actual legal power, but I got the feeling of some kind of supreme court that has a role in enacting laws or making them unconstitutional or whatever word is used there. So, do they have any saying in the actual making of the laws or are they pure observers?


The amount of matter, especially taking the form of precious metals, that is catching the eye wherever religion is involved makes me really wonder about this

The overlapping of religion, especially of Islam, and finance is actually murky.

Pertaining to cryptocurrency and its emerging characteristics and features, there are contentious issues such as lending, staking, volatility, HODLing, and so on. Deeper discussions on these could be lengthier and might need another thread. So for now, it would be better to focus on the specific issue of Indonesia and its Islamic council's declaration.

Religion, organized religion in particular, is basically focused on spiritual matters, those relating to faith and the supreme being. Once it crosses the spiritual border and enters the mundane world, a clash cannot be avoided.

This is in relation to Indonesia's national Islamic council's declaration of Bitcoin as haram or forbidden. The reason being is that Bitcoin is said to have the elements of uncertainty and wagering.

While the country's top Islamic body's declaration is not legally binding, it is influential to the lives of hundreds of millions of Indonesians who are Muslims. While Bitcoin trading continues, those who strictly adhere to the Islamic Sharia law might find it in direct conflict to their religious morals.

I'm interested to know your opinion on this. I assume there are a lot of Muslim Indonesians in this forum as well as Muslims from other parts of the world. What can you say about this? Which side are you?

---

Sources:

1. https://cointelegraph.com/news/indonesia-s-national-islamic-council-declares-bitcoin-haram
2. https://www.coindesk.com/policy/2021/11/11/indonesias-religious-leaders-declare-crypto-illegal-for-muslims-report/
3. https://finance.yahoo.com/news/crypto-haram-says-indonesian-islamic-113951771.html