Bitcoin Forum

With Muslims making up a quarter of the world's population, a clear consensus on the Islamic view of Bitcoin has global implications.

In brief

• The use of Bitcoin under Islamic law has been a topic of discussion in recent years, as many Muslims worry that Bitcoin investments may be haram.
• According to recent scholarly interpretations, most general uses for Bitcoin are considered to be permitted in Islam.
• However, gambling, lending, and some kinds of trading with cryptocurrency are almost certainly forbidden.

Whether or not Bitcoin is halal has been a point of contention for many Muslims, as well as several Islamic banks and financial authorities in recent years.

This has left many Muslims worried about investing in cryptocurrencies—particularly during times of extreme growth—since they couldn't be sure whether the appreciation of their investment would be considered haram (forbidden) or halal (permissible) under Islamic law.

With around 1.9 billion Muslims in the world, equivalent to almost a quarter of the world's population, a clear consensus on the Islamic view of Bitcoin could be a major boon for adoption.


Bitcoin is (mostly) halal, say scholars

According to Islamic Law, there are a number of criteria that individuals must adhere to, in order to ensure their investment or other income is considered halal. For one, income obtained through unethical or exploitative means such as bribery, extortion, and profiteering is considered haram. It would be challenging to argue that simply using Bitcoin as a standard payment method would violate this tenet.

As of yet, there are still no clear official guidelines on whether Muslims should or shouldn't invest in Bitcoin. This task would fall on the legislators that codified the religious precepts of Islam, but such an undertaking has yet to be completed. Despite this, a number of Islamic scholars have offered their interpretation of the Islamic Canonical Law and how it applies to Bitcoin.

For more detailed information about this topic visit below the link source

https://decrypt.co/37286/is-bitcoin-halal (https://decrypt.co/37286/is-bitcoin-halal)

In Shariah, there is no valid reason to accept Bitcoin or other Cryptocurrencies as a currency. It is just an imaginary number, which is generated through a complex mathematical process. It is purchased for Gambling or Speculations, and used in illegal or unlawful transactions”.

In my opinion, your topic is the area of syara, which is about certain religious laws. I will not be able to say halal or haram, because this is not my area that we legally control based on religion. and your questions must be answered by religious leaders. whereas here we are not.

so for legal matters in religion, I'd better keep it. and I'm ready to listen carefully.

You are taking risk when you are investing in BTC; what's the wrong or arguement there? Did anyone say it's not Halal? If they do, what about stock? That certainly can't be Haram.

Have you ever been forced by anyone to buy bitcoin and gamble with that? Well, I can use BTC to buy a tshirt; I can use fiat as well to buy a tshirt. Did it make any sense to you?

You should have posted the source for this.
I'll be doing this for you: https://aims.education/is-bitcoin-halal-or-bitcoin-haram/
It's an older news, and back then more were telling that Bitcoin is haram.
But their logic is flawed, they clearly don't understand Bitcoin and were misled by how media was presenting Bitcoin, hence I expect that this view is bound to change over time.

As in quite a number of dilemmas related to religion, this too depends a lot by who are you asking (and it doesn't matter how big authority he is) and when (people's understanding usually evolves in time).

In my opinion, we have heard about this discussion quite often among religious communities, quite a lot of research on the issue of halal or haram using bitcoin. If you are a Muslim, then you have to trust the views of your religious leaders because they may have different views from the bitcoin community.
But basically bitcoin has never forced anyone to use it as a means of payment, investment and trading asset, etc. Everything is up to the user, but on several occasion I have also read that some Islamic countries allow the use of this bitcoin.

Is this thread worthy of being passed on to the section on Politics & Society (https://bitcointalk.org/index.php?board=34.0)?

I heavily doubt this.

Do you have any numbers to support this claim? Or is it just your gut feeling?

Bitcoin is based on cryptography, mathematics and physics. Not on religion. No religion has any impact on Bitcoin.

Money has no religion and people from each and every religion running everyday to make that money.

People who don't have any jobs are confusing the people because they talk controversial about thinks which are at the trend in the world.IIRC banking with interest rates are also haram as per Shariah law but how many people from that 1.9 Billion in this world having no interest bank account or loans. ::)

If bitcoin is imaginary created using mathematical codes then fiat money too because it was created with paper and promised that it has some value by governments.

I have heard from  Christian, Judaist and  Buddhist  religious scholars that credit is a sin.
It is not only Islam that forbids giving money at interest.
People have forgotten their religion.

The issue of stock has been resolved for a long time. The Shariah Commission publishes listings of companies to invest in.
Write a request to google "halal stock".

Yeah, stock of companies that deal with interest, alcohol, or other harams, are haram as well while investing in other stocks have no issue. Then why would Bitcoin be haram? Does bitcoin deal with interest? No. It's just another currency; people may use it for any purpose, same goes with fiat as well.

Its good that we have some good knowledge about this all but really after reading this thread I am very dissapointed with this all how technology is in halal or haram really shocking for me because this is never been haram and as you already posted few things are really bad like interest, alchohol but its never been question about technology few peoples still living in dark age and have issues with this all.

Well, the good thing about Bitcoin is that it's decentralized. No single individual, sect, religion or country can control it. Again, whether a group of people think Bitcoin is good or bad from a religious point of view is immaterial and highly inconsequential. What about situations where Moslems have thought alcohol is haram but they also enjoy proceeds of tax from alcohol manufacturing companies spent on building good roads, hospitals, social infrastructure and so on? I think religion shouldn't be a point of consideration while dealing with Bitcoin (or any other crypto at that). Perhaps those who make that allegation of Bitcoin being haram still think Bitcoin is gambling. Otherwise, they would've seen the big picture and realized that their condemnation doesn't hold waters.

Strange!!

No one is asking or forcing anyone to invest in Bitcoin if it against your religion then why to discuss it. Bitcoin is a choice and if you believe in the choice then you should be part of it.

Why bring religion into a technology that has disrupted the financial industry and is now questioning the existence of Fiat currency. I think this post is very irrelevant on this forum.

The most important question is what is money in Shariah law? Religious scholars say that "the legitimacy of money depends on its circulation among people and agreements."
Now look at the cryptocurrency situation and how it has changed over the past 3 years. Now bitcoin is used not only by cypherpunks and cryptocurrency lovers, but also by states and large world exchanges.
Therefore, religious scholars do not rush to conclusions.

I am not trying to discourage people from believing in whatever religion they what but here is one of the reasons I think religions were just created to divide, manipulate and control people. Even when you have your own money, they now want to control on how you can invest it with some funny laws.

Aside from being an asset that can be invested in, Bitcoin can also act as an electronic payment alternative. Besides, what's so different from investing in Bitcoin to investing in Gold, Oil,  Real Estates or Farming?
At the end of it all, everyone is trying to look for more gains.

I don't know why you bring this up now because it is kind of an old news, they made up their mind years ago. To put simply the statement is like many others we have heard from governments, experts, banks, etc. To put simply if bitcoin is treated as a currency and is received as the payment for a legal (aka halal) work it is OK and you have no problem with it but if it is used for anything illegal (aka haram) such as scamming others, gambling, etc then it is no OK.
I read this back in 2014 when I started with bitcoin, so it is indeed old news.

Can't agree more.

In my country, these kind of issues have been like the epitome of divide and conquer and the politicians are often using them at their disposal. Recently, a non-Muslim restaurant that was established during colonial times patronized by Muslims for delicious (no pork served) food. Should be fine, right?

Don't go there, it's not certified Halal. And that's coming out from an Islamic State Department.

And yet the non-Muslims (or kafir) are contributing tax money to the government.

I think if we talk about a real Muslim or a representative of other confessions, at the present time it is quite difficult to adhere to religion. If you live according to all the canons and postulates, then you need to go to the forest or desert and give up absolutely all technologies. Including telephone, television, loans, and more.
Therefore, you need to try to live according to religion, adhere to moral qualities, but never lose your head.

interesting first post with a very stivky keyboard.. err bitcoin seems very halal especially when you turn them into real kosher food :p
n00b

You should increase your knowledge before declaring this. Bitcoin is used everywhere for good activities also and there is no inflation in bitcoin.
Is the fiat currency not used in gambling and speculation ?

BITCOIN BTC IS HALAL

You exaggerate, I have not seen religions banning telephones and televisions and urging people to live in the forest or desert.
In Islamic law, there are banks and there are loans (but one should not confuse Islamic loans and non-Islamic ones).
There are a lot of Islamic banks in the world that operate according to Sharia law. Yoy can verify this yourself by writing a request in Google "Large Islamic banks"
https://listofbanksin.com/ListIslamicBanks.htm

But the most interesting point is that you will not find a ban in other religions to use Islamic banks, But all 4 religions that I wrote about above prohibit loans (in the form in which they are present in European, American banks and other countries)  :)

As many of the member said it's HALAL and the main reason is if it's acceptable from the 2 sides then its just a money as they do back in years " Deal is accepted between two people without any condition stumbling the deal and the agreement is clear and didn't effect the Sharia, it's Halal"


I remember I have long talk with a lot of Mash'aikh around me and some of them didn't understand what is actually Bitcoin and while explaining to them what exactly it is, they gave me the exact answer I just mentioned above.




Hopes that helps you.

I hoped that people can read and understand correctly. I'm sorry you have a problem with that. Furthermore, I know all this information. Likewise, I don't live in the forest.
Once again in that case. Religion forbids many things. Including entertainment programs. And now we read carefully what I am writing: if you fully adhere to a religion, inside and out, then cryptocurrency is just a small part of what true believers may not like.
And then we read: do not lose your head, and the main thing is to remain human, and not be a fanatic.

And how many of those muslims are hardcore fanatics who follow every letter of the scripture literally? I'm sure a good portion of "25% of world's population" uses Visa cards and has bank accounts and doesn't care that some dudes said that it's immoral. So, regardless of what they say about Bitcoin, many muslims will still use it.

Bitcoin can be considered just like any other asset in this case. If they can invest Stocks, Real estate, Gold, Silver, etc... then they should be able to invest in bitcoin as well.
Though bitcoin is used for illicit activities by some people it is also used genuinely by many others as a source of income.
So I think Muslims can invest in bitcoin if their sole purpose is to buy/sell bitcoin and gain profits.

It depends on how your views on bitcoin.
Only GOD will know if that is halal or haram, and we are human who has a different opinion about one thing.
If you think that bitcoin is haram, you do not need to use bitcoin and stay away from bitcoin.
But you can not blame other people who want to use bitcoin or saving bitcoin because they know what they do (at least).
I think it will become a sensitive case to discuss, and there will be no end because each of us will say our perspective.
We should decide for ourselves, at least, ask your heart.

Bitcoin is permitted in principle because it is treated equally valued by market prices on global exchanges and is accepted for payment at various outlets. In fact, many private individuals accept bitcoin as a means of payment in personal transactions.
The conclusion amazes me, if bitcoin is used for positive things, of course it is halal.

Then don't gamble, lend and trade for profit.

It's hard for me to believe that all those rich Muslims who bathe in oil money don't ever invest in stocks or trade fiat currencies. They do and they don't think it's something against their religion.

Also, many things are forbidden in many religions and people still do them and later pray a bit, apologize, confess and keep on living. Rules are made by people and people can break them.

I'm not a muslim myself but given the points that were given by OP, I'd like to offer an outsider's perspective. Bitcoin in and of itself is not haram, as its features as OP have mentioned is permitted under the Islamic Decree, however, certain activities that would use bitcoin, such as gambling, are of course considered haram. So I guess as a Muslim, one should see to themselves that they do not fall under these indulgences.

It really depends on the individual where he wants to use crypto. So whatever form the currency is, fiat, digital or bitcoin, it will be up to the individual how he put this into use. At the end of the day, this is just a form of currency where they can use it to any purpose they want to just like their fiat money. Also, in addition, when you are into crypto, we are not talking about religions here. Because everyone is equal in this technology, no matter what religion, race or status you are in.

At first the appearance of Bitcoin, many people said that it is haram because of the negative issues and there are more negative things about BTC.
However, as time passes, I think that it is about the opinion and also the knowledge about Bitcoin itself.
I ever also ask this and even it is in Islam, there are still several differences. But for me, I believe in one of an ustadz (I don't know how to say it in English, he is someone who knows about religion in Islam) statement about the use of cryptocurrency (not only Bitcoin). As long as it is not used for illegal things, gambling, lending, it is no matter.
Actually, we cannot be separated from "riba" from life because the bank also implements interest (riba), and we really cannot avoid this.
And about using it as currency, I think it will depend on country law about it. In Indonesia, cryptocurrency is not legal as a currency or as a payment for transactions. So we cannot do it. But it may be different in other countires.

In my personal opinion, as long as Bitcoin is used for good and there are many benefits that we can get, it will not be haram. But there are many
religious expert opinions about Bitcoin, some allow it, and some are prohibiting it. In the end, it comes back to ourselves, if Bitcoin provides many
benefits why don't we use it. I'm just giving my view, so I might as well be wrong. So this should not make people hate each other and become divided.
In my opinion, it depends on ourselves in the end, what Bitcoin is like. If you think it's haram please leave, but do not impose your will, so that others
will follow your wishes.

Bitcoin is similar to currency, halal or haram depending on how you get it...
if you get Bitcoin by illegal means such as cheating or duplicating from other people then it is haram but if you get Bitcoin from selling something or mining then it is halal.

If you use Bitcoin for buying/selling or remitting money to someone, it is absolutely halal. Just like you use imps or other methods of sending money.
But if you hoard it, it is not allowed as Islam is against hoarding things. Hoarding gold is not allowed in Islam and we can use same analogy here. Btc is like digital goldwhich doesn't have value on its own.

Now bitcoin is similar to fiat currency, funny how a lot of users in the forum always separate the two but when the interests align, they will say it is the same, kind of hypocritical in my opinion. But the quote above is right bitcoin is just a medium and if you get it without malice or anything that is against the Islamic law then it should be considered halal, the problem is we don't know a lot about Islamic laws so the best thing that we can do about it is to wait for the final verdict.

Sorry for Muslim Brothers and Sisters But since then I do believe that the word Halal/Jalal is only related to Foods , because i often seeing this Label in some foods specially those comes from Muslim countries that's given by friends or family that comes to visit those places.

Just Now that I realized that this is in everything that adopts by Muslim Religion .


But according to the consensus of this thread , It looks like the stand of Muslim community is divided if this Bitcoin is Halal or Not.

Since when has halal or haram ever stopped any Muslim from doing something they want to or not? Religious fanatics everywhere around the world, Christian or Muslim or Scientologist, I don't think they would ever at the end of it disregard Bitcoin if it is something they don't have a choice on anymore. There are better things to worry about halal/haram.


When has that stopped Indonesians from using crypto? Look at the forum and see how many Indonesians are here;)

The difference between investing in btc and other commodities like Gold, oil, Real Estate etc according to the article above is "particularly during times of extreme growth—since they couldn't be sure whether the appreciation of their investment would be considered haram (forbidden) or halal (permissible) under Islamic law"
those other investment options don't experince extremely price pump like btc does and this is a point of concern to the muslim community which is why some find it confusing to invest, in my opinion, i don't think this is enough to be consider as haram but am not a learnerd person in religious matter so i may be wrong.

Halal is something like what are the things permitted for them to do in their religion which mostly can be seen on the restaurants. But bitcoin is just a currency that is created by someone and controlled by no one so if someone call it as against the Muslim religion then they also should consider the paper money which is printed by the government and said that it is having a particular value.

Those numbers include countries where Islam is forced on people, and in many countries there is a death penalty for renouncing it.

Arguing about this made me lose my friend. Halal is not a bitcoin depending on how it is used as well as money. Some ustadz say bitcoin syubat cause me to lose my good friend. It's very sad but technology is also a gift to God. And that includes bitcoin itself.

Fiat money was backed by gold.
It is now backed by guns of the countries army and police.

So one could argue all fiat money is not halal. As every country with fiat will jail you or kill you for copying or not accepting it's fiat as legal tender. It is pretty much a system based on extortion and not gold.

This then brings us back to bartering only.  Ie some figs for dates. Or olive oil for meat etc.

It is an interesting question asked by the op.

I guess it is now backed up by nothing since governments just print the amount which they want to give it to the people. :D

Even I had similar convo with my friends who are ignorant about blockchain consider that bitcoin is haram but they never know anything about bitcoin other than the name. ::)

Really this question is not so easy as it seems to be at first glance. The hardest questions are those where religion is present, and especially where the rules or points of laws are with double meaning or without a fine line between yes and no. But it is not only in your country such a situation with crypto. Lots of countries have lots of ambiguous laws of such kind, where the user stays with lots of questions, and lots of them even do not connected with crypto. And the reason is not in the religion mostly.

I think that this thing will surely always be controversial, and there will be no confirmed "halal" or "haram" that will be accepted by all, since the rules about bitcoin is not stated in Quran, so we can only make assumptions about it.
However, i guess as long as the intention is good, then i think it's okay. I'm not saying that this is true, since i'm not an expert in that religion, however nothing bad will come from good intention right? and life will be so hard if we try to make everything "haram". World will always change, and there might be new things that's out of out control. In fact, in my country with the biggest muslim population, even the use of online money or digital wallet is considered haram by lots of people, stocks are haram as well, banks are haram. Lots of things are haram for some people. But there are some who don't think so. I think we should be able to adjust to the world's development, and accept it as long as it's good. Of course if it's bad we should not accept it, let it be haram. That's fine.

I think people who say Bitcoin is haram may not really understand Bitcoin, maybe even haven't tried using Bitcoin at all. So it could be that people
who say Bitcoin is haram because of the wrong information. Because for me Bitcoin is not much different from fiat, so why mention Bitcoin haram
while fiat is not. I think Bitcoin is haram because getting Bitcoin in a bad way, or using Bitcoin for bad purposes.

To be honest, I think a currency or other things can be defiled by the immoral things they are used for. Alot of things have been defiled in this way in our world but we still use them anyway, especially as we don't know what they have been used for in the past . Fortunately, Bitcoin makes it easy to track what users are using it for... Hopefully in the future, it should be possible to destroy coins that have been used for evil and replace them with new coins. This is part of the reasons I prefer the transparency of Bitcoin to other financial systems.

I don't want to say anything specific. Because there are many more wise people to justify this. It can be seen that people are engaging in illegal activities by hiding their identities. Which is not supposed to be legal at the moment. The rest of the great scholars can say well. We hope that anyone who knows the information with reference will let us know.

we cannot impose our own thinking, because everyone has a different version of religion. we can have halal options, but other people cannot accept halal options. it is part of a difference of opinion. so I think bitcoin or halal is in each user and not worthy of debate in any form

In my opinion, fanatical clerics who have a medieval mindset will not be able to decide whether Bitcoin is "halal" or "haram", they do not understand what Bitcoin is basically until they can make their correct judgment.
The Islamic religion is a great source of Sharia, and it is a flexible religion that is not static, meaning that it is compatible with all ages, and rulings that change with time can be devised
The Islamic religion leaves the door of ijtihad open for matters that do not have clear provisions of Sharia, but this work must be performed by men who possess the appropriate scientific qualifications and not by clerics who adhere strictly to the rulings of the past and reject every interpretation that differs with their old opinions that reject all new.
So, in my opinion, everyone will be able to determine whether Bitcoin is "halal" or "haram" by himself without referring to the clergy.

Is Bitcoin halal? Yes, it is.
The consideration of Bitcoin investment to be haram is only an impression of Bitcoin haters or people who don't have a good understanding of Bitcoin and consider it to be an instrument used for negative activities. Besides, only the things that are done in an evil way are haram, and last time I check Bitcoin is also an asset just like Gold and if Muslims invest in Gold why would they consider Bitcoin to be haram.

Yep, you are right. Most people stated Bitcoin haram because they don't understand Bitcoin. Or only know Bitcoin is used for illegal issues like gambling, money laundering, or other bad things. In fact, those illegal issues are small cases in crypto right now. While Bitcoin is mostly used for investing or trading like Gold or Forex. This is only about misunderstanding Bitcoin, a problem of less education about Bitcoin to our society. Gradually, all people will know about the real fact of Bitcoin, including Muslim society. Once they know no harm in Bitcoin, our Muslim society will be aware that Bitcoin isn't haram.

Basically I think they have disagreements. They have arguments which they believe are based on religion. For this reason, there are two opinions so far. As long as these two views respect each other I don't think there will be a problem. Maybe from the many who think it is not halal, they do not examine it in detail. They conclude from the words and as far as what he sees.

Following this logic then it's good to go. Just the same there are muslim people who treat this as investment,

the same way their treating gold and other assets, there's no clear position that solidify the claim of being haram. And if Bitcoin
is halal then muslim community will support this as if I remember it correctly all the things that consider halal are most welcome
to the muslim community.

A most important subject for Muslim crypto users and these comments will help us to understand well. Muslims should confirm first their Halal risk and the way they choose for finding work should be safe for nations. As much I know from here that scholars say positive about BTC makes me relief but want to know more about that.

That's what philipma1957 is saying I guess. It used to be backed by gold reserves but now since there is no value behind it, then governments have to use force and police to batter people into submission. See Venezuela. People wanted to use Bitcoin and they robbed them and force them to use their bolivar;)

In my experience people who are so vocal about haram have no problem doing haram things like cheating and lazing off at work, which is more haram than alcohol or gambling by the way.

The problem with bitcoin being categorized as halal or haram is that the guidelines to know which is which is pretty vague and archaic. I would consider it as halal as it isn't that different with other forms of investments and as @Pamadar said, they treat gold as halal which means that there isn't anything that should be stopping them from deciding that bitcoin is halal.

We know that the legal basis for Muslims is the Qur'an and hadiths, whereas in the Qur'an and hadiths there is no detailed discussion of Bitcoin.
Thus, Muslim professors took more action to adopt a law that is most similar in its application from the time of the Prophet Muhammad to today's problems.
Muslim law ensures halal or haram based on the purpose for which someone uses the related item (in this context it is Bitcoin). However, the limited material that explores this matter has made a lot of Muslims have different opinions.

When a Muslim owns Bitcoin and uses it for purposes such as gambling, speculation or other illegal purposes, it makes Bitcoin haram for him.

But if he uses Bitcoin as a means to raise humanitarian funds, or just owns it like owning shares and and forget about it (not speculation), and to buy coffee at the cafe then Bitcoin is not haram.

Bitcoin is just another source of investment like other assets in stock,real estate, government bonds or gold and is purchased through DEX, CEX or OTC exchanges or directly P2P and it's not any illegal thing to do.Who.said it is purchased through gambling?You are wrong it is not purchased in gambling but you can bet your btc and big huge amounts with your bets which might be prohibited in Muslim Law.Just another day one of the members posted that Muslim law is against staking which was again a misconception same like you.Anything which is good for you and your community is Halal and btc is giving benefits to persons in the form and investment and economic growth until you are using it for some illicit purpose which will definitely be considered as Haram.So good or bad depends upon it's usage.

Islamic regulations can hinders the adoption of bitcoin and other cryptocurrency in the Islamic region based in some sort of laws regulating to the usage of digital assets. Therefore, majority of Islamic followers are often too desperate in respecting their laws of finances more than their income. I'm very sure this thread is likely talking the actual truth in the Islamic society. In general religious plays no role of financial dependence among the crypto enthusiast., I would advise you should be adhere to any religion if you really want to be find yourself in a wealthy environment.

Don't stop doing anything for any reason no matter what it could be as long as it is not endangering anyone and making your future bad.All these saying are old so people may not be always right when implementing it with new technology so create your own rules instead of following a fellow humans who says anything for their benefits.

I have seen on YouTube there is a Muslim who is devout to become a Bitcoin miner.  when asked if Bitcoin deviates from Islamic teachings and is haram? 

he answered: "no....because I got this Bitcoin from a complicated process and also a large amount of capital, i did not take people's rights to get this, that's why the Bitcoin which i got does not violate the law or Islamic shari'ah".

In my opinion if you use bitcoin in good ways then it will halal. If you don't use it in good ways and use it to money laundering or other dishonest work by bitcoin then it will not halal. On the other hand i think a good researcher of Hadith and Quran can clearly tell that bitcoin halal or not.

Although individual's opinion doesn't matter unless they are derived from some quranic verse or authentic hadith, this person's argument seems valid and logical.
Bts is not haram per se. It is new technology. Blockchain is future and we can not imagine public blockchains without it's native token.

Some Muslims already aware Bitcoin is not haram but the issue now is that when those that believe Bitcoin is haram are more than those that know Bitcoin as halal and this usually lead to debation within the Muslims. However, I expect the pandemic to change all that now because a lot of settings that consider Bitcoin to be Ponzi now see it as a better investment alternative.

Do you Know what you are asking here? do You understand what we called Religious respect and belief ?
You are questioning a religion's belief and rules , When what you need to do is respect it .

And asking When has Halal stopped Muslim from doing what they want to do? that is when they are a real believer .. I thought you are a Muslim also since your Name sounds like but How you posted this? I'm sure you are not.
You know what ? You are only shitposting not not listening or even understanding the real score, he said that It was Illegal in their country but he does not Said that indonesian can't just do it , Crypto is decentralized so even if that is illegal to their country yet they can still do it but against  the Law.

Bitcoin is a decentralized currency that bring good news to those countries that accepted it or legalized it in their country. No religion can control bitcoin pump or dump in the country because bitcoin is created for the world to use to eliminate any wrong transactions in the country. Any Muslims or Christians that have the knowledge of bitcoin can make use of it to invest and achieve something good at the end of the investment.

Bitcoin is a secret currency that cannot be caught or touched. It doesn't even have a specific value. It can also be called virtual currency, digital currency or online currency. There is no need for any regulatory body for its transactions। islamic currency  must be fulfills three important conditions-Currency should be the basis for measuring goods and services, that is, it should be the determinant of prices and wages. Any central authority shall issue currency; Who will be responsible for the circulation of this currency and this authority cannot be unknown to anyone. This coin should be widely circulated among the common people and should be readily available to all. It should not be limited to any particular group. I hope the answer is possible only by noticing the above.

You said bitcoin is not halal but all the reasons you give I don't really support them bitcoin is haram because it is used for gambling so definitely our number fiat currency is also haram because lots of people also gamble with our normal currency so that's not a reason to give that bitcoin is haram, you said bitcoin is used for unlawful or illegal transact that those not make bitcoin illegal because our normal fiat is also use for illegal and unlawful transactions. I believe before you can say bitcoin is illegal you have to look for concrete reason and evidence that bitcoin is haram not the once you just gave.

for me as long as the money for investment goes to bitcoin and other altcoins from our hard work and we get it not from gambling, cheating I think it's just because our intention is to make a profit, like we save in a bank and get interest per month

just my opini  ;D

this all goes back to the perception and belief of each. This topic belongs to sara, which is very sensitive to debate. I do not deserve to comment on this, because it is not in my field to answer it. However, most Muslim-majority countries still allow bitcoin investment. If this is a matter of halal and haram, according to Islam, anything that has flowers is haram, deposits, and non-sharia bank loans are also haram. So this issue is really very sensitive. All back to each user's beliefs.

Compare bitcoin with fiat (physical money):

The bitcoin cannot be counterfeited, fiat can.
The quantity of fiat is not fixed and can (and is) increased on a whim, not bitcoin.
Bitcoin makes banks and financing obsolete (loans with interest).
Neither Bank nor State can do fractional reserve banking with bitcoin, at least not openly (easy to verify transparency: see Bitcoin day).

This should give you an idea where this is going. If anything is haram, its fiat money. Bitcoin is even helping you act good instead. Remember that this is about the money itself, not what people are doing with money.

The mathematical representation that cannot be counterfeited but is unique vs a paper issued by some Bank or State that can be copied and falsified. Think about it. Also in history, who and when was the field of mathematics advanced, where do the numbers used by the whole world come from? Etc...


Please remember than in a modern bank, there is no such a thing as a "deposit". If you give money to a bank, you are doing a loan with interest. I wonder what those scholars think about banks which Bitcoin renders obsolete, or optional (not necessary) at most.

The Austrian school of economy has been proposing to end this perverted system of fractional reserve banking and garbage money debt driven economy for more than a century.

yeah, religion tell us to know, learn, following the future. not only stuck at past. if you have basic knowledge about that thing, you can do it as long as its positive for you. if you dont have, just leave it, dont try to touch it. and there àre many thing if we want to discuss about it.
and when compare between fiat and crypto, fiat is far to halal word.

While gambling, lending etc. have been explicitly mentioned in the Khuran to be Haram in nature, you could try to understand intent of this law as laid down by the Prophet. His intent would have been that, any activity that is done to earn money without putting in efforts and hard work including speculation, gambling, trading, lending, etc. should be banned under Islamic law. So if you are holding bitcoin only as a way of profiting by selling it in the future (similar to gambling) then it will be haram. However, if your intent is only to hold Bitcoin as a currency of the future, then it is not haram. Your intent will determine if you are committing haram or not. As long as your intentions are pure, Islamic law will support you.

While I have mentioned the above, kindly note that I'm a non-Muslim, who holds interest in understanding all religions. Needless to say, I could be wrong in my interpretations.

bitcoin is virtual currency/asset, anyone does not force you to use bitcoin, it's absolutely your own choices.
no one can justify it halal or haram from his personal point of view, bitcoin is not only using on illegal stuffs.
gambling is strictly prohibited in islam, so you don't use bitcoin here.

The Key to Wealth applies no matter where you are currently at financially.

Life is meant to be lived, and our abilities to produce value to the world. If you focus on creating and adding value, then you will always increase. From there, you can take your increase and invest in income sources for a continual supply of resources.

I Think Bitcoin Is Halal. Because we saw there has profit and loss. And we are trading here. Many people investing his money and diligence. We are lossing and profiting from here. Considering all thinks we told that Bitcoin is halal. And I Think we need to speech from Islamic scholar.

Is bitcoin halal,, this is a very difficult answer for us to answer in this forum, because it involves religious issues, I believe everyone in this forum, not religious leaders, I am Muslim in my religion about halal and haram bitcoin, full of controversy, some say haram, some say halal, as long as there is no bitcoin trading fraud, no one is harmed and no one is deceived,

you are too inclined to things that smell religious and I am very confused about this this could be included in the syara because it discusses certain religions.
and for this I am very confused how to answer it because I am not good at this and it is not my part when it comes to religious matters.
but regardless of halal or haram maybe you can ask someone who is more appropriate, it could be religious leaders or the like because I don't think it's very suitable here to ask that

I think you are too inclined to one religion and this I think is not good. and I don't know if this is halal or haram but I once read an article that explained about one of the financial platforms in Sydney Australia named Marhaba DeFi who will design sharia-based crypto. and maybe apart from the word here crypto is not justified for Muslims but can be anticipated by making things like sharia-based crypto.
for the source sorry I did not provide it. you can look for it on the website because there is a lot of news about it

According to this link: https://decrypt.co/37286/is-bitcoin-halal

Bitcoin is Halal and snipped out some words on it:
According to Islamic Law, there are a number of criteria that individuals must adhere to, in order to ensure their investment or other income is considered halal. For one, income obtained through unethical or exploitative means such as bribery, extortion, and profiteering is considered haram.

Honestly, tagging religion on crypto is something off the vibe.

First of all bitcoin owner approximately 80%+are not Muslim so no matter bitcoin is halal or haram second it's my opinion any business which have profit +loss equal that is not haram and yes bitcoin is a big business and second that you can ask from any good knowledgeable islamic scholar,that will tell you with detail that it is halal or haram.if any one say bitcoin is haram than all online business are haram included banks because banks also work on sute .And second thing you can say very big scholors are doing online business and its also online very famous business.

It is entirely increase personal choice if he wants to do trading or business according to his religious beliefs.
There is nothing wrong with it.
As far as BTC and crypto is concerned, it is a matter of debate among Islamic scholars too and there is no final verdict on its halaliyat

I think this is strictly a question about how the interpreters of the Quran and decision-making centers in the Muslim world will look at it. I am sure that the decision will be positive, since this does not violate any principles of Islamic finance. In Bitcoin, there is not even a trace of reference to the loan interest, which is prohibited in Islam. So everything else is just an excuse to find fault. I am sure that most of these countries are wise and think quite modernly and pragmatically.

I don’t think so. Bitcoin is a cryptocurrency, not a religion. People who believe in religion may buy Bitcoin. Anyone can buy Bitcoin. It’s not that Bitcoin is only bought by a few people. Bitcoin is equal to everyone. of,

I think bitcoin is like gold the difference is that gold can be held in real form and bitcoin is a digital currency for those who invest in bitcoin and gold, their goal is the same, namely hoping for profit,

I don't suppose that your comment means that Bitcoin is probably Haram based on the argument you are putting forward but you do understand that, all the ills you mentioned about the possible use of Bitcoin are also true for Fiat money? except for being an imaginary entity. so do we say that Fiat money might also be haram? I think it is what you do with you Bitcoin that matters. 

The only thing that puts BTC into 'cautious' category is No government has accepted it as legal tender. Once Governmens start to accept it as legal tender or even as asset, it will become clear cut halal.

does even investment or a Currency need to be Halal? with due respect to Muslim community but is this really needed to be?

i thought this only applies in food? sorry maybe i understand this wrongly .

do you really understand the topic? or you are just shitting post here? this is about religious belief and if you know nothing then better not to say anything because you canhurt someone's feeling.
Here is another one. Read the whole topic and you will understand what's the conversation is all about.

This is an actually good debate, if the technology is up to the laws of Islam because Islam is by far the most strict there is in terms of religion. Although it is a good thing that they consider it as halal, it still poses the question whether technology should always meet the standard of Islam.

Before discussing further about Bitcoin halal or not, religion has its own way to forbid and justify investment money to its people: Usury is one of the prohibitions written in the Bible, Muslims, Christianity, Judaism, Hinduism and Buddhism all religions prohibit usury.
Example:



For that, let's review about Bitcoin whether Bitcoin is included in the Usury category or in the buy/sell category.

Usury: borrowing is signaled by excessive interest, as in the quote above, all religions are prohibited, not halal.

Bitcoin: Bitcoin is currently only traded as in general selling and buying 'investment' means you buy and hold for a certain period of time, if the price goes up you sell, if the price goes down you sell it means you lose.

Many Muslims do 'invest' in gold, buy when it's cheap and keep it and sell it when the price is high, why not say it's not forbidden, why is it halal, in the case of gold investment, many people do it, especially Muslims.

Conclusion: in Bitcoin elements that are happening today are: buying/selling, meaning: halal.

Every honest business in Islam permit as halal. Cryptocurrencies also a popular and honest business. So cryptocurrencies also halal for Muslim communities. But higher APY staking is Haram for Muslims communities.

I think is depend on personal perspective.

For me, everything in this world is almost gambling we just can manage the risk.

The example is i try to open the coffee shop in shoping mall there is no guarantee i will get my money back, so theres no diferrent with investing on something.

But if we just invested without know anything what we invested in, so i can say isn't halal.

For me bitcoin is Halal, it depend how we use the investment. If we just investing without knowledge and just follow the hype then i can say it's gambling (not halal). But if we really know about the product, service and partnership i think it's Halal.

Whether Bitcoin is halal will usually depend on where you are investing it may not be halal in islam. Things are not clear under islamic law especially when bitcoin is exchanged for one type of currency for another in the western world people approve of this type of business and in very rare cases give it a second though. But some religions beg for questions about the position of islam which is quite strict in exchange for money religion matters which is a question of whether bitcoin can conflict with one person’s beliefs.

But El Salvador has accepted it as Legal tender and many other Government are looking towards that. I think sometimes we overburden ourselves with some issues but if you look at it critically, anything that you get in the wrong way even if it is Halal can become Haram. Even the way we eat sometimes can be haram even if the food is Halal. So my stand is still that, the issue shouldn't be about Bitcoin but how you got it and how you are spending it which Islamically relates to Fiat money as well. 

I think that with a public ledger, you could count it as basically honest and I never knew that Halal even permeates besides food. I have a question about it though, if it needs to be an honest business, will the anonymity be a problem because in a way being anonymous is being dishonest right?

Yes, that's right, I agree with your opinion. In bitcoin there is no interest in anything, just think of it like trading in the real world, buying at the lowest price and selling at a higher price and we profit from the difference. When compared to deposits, Islam clearly does not allow deposits which basically get results from interest on loans borrowed by other customers. it's true what you said, they are just looking for bitcoin errors only.

we are not religious leaders, so to say bitcoin is haram and halal I don't think this is our field, because if one fatwa is wrong, the consequences will be fatal, in my personal opinion bitcoin is the same as gold, people can store gold, and so on. can buy and sell gold, as well as bitcoin, as long as there is no fraud, no extortion, and no one is harmed in buying and selling, in my opinion bitcoin can be said to be halal, just like gold which is also halal..

if you are Muslim you will understand what I am saying, in Islam gold investment is halal, try reading my post again. I mean gold and bitcoin are the same but gold can be held in its actual form and bitcoin is a digital currency so for Muslims to want to hold bitcoin it is okay as long as it is obtained in a lawful way for example buying bitcoin with their money except buying bitcoin with gambling illegal do you understand what I mean?

As far as I know, the first opinion by Islamic scholars is that it is haram since it’s a fake currency.

halal or haram a bitcoin exists in certain countries.it is very difficult to make a decision about it. moreover it is not my domain to reach the halal and haram level of a bitcoin, it goes back to each person's perception to make a decision, if indeed we feel unsure then we may leave it, because this is not a compulsion that forces someone to invest in this form of digital currency

whether bitcoin is haram or halal I have explained above bitcoin for example gold holding gold is halal but if using gold is wrong it can be haram for example gambling using gold or buying marijuana using gold is an act that is forbidden in Islam as well as bitcoin depending on the bitcoin holder .