Bitcoin is forbidden for Muslims

[zarados]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

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[belford11]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

then that bitcoin has a tendency of uncertainty that I will agree!

[alfs75]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Actually i dont believe,that this bitcoins is forbidden to our brothers muslim to participate this kind of cryptocurrency investment,because as far as i know ,that many of asian country,that mostly 90%  living,there religion is muslim or islam but they join this kind of trading investment,even in the country of india mostly 3/4 of there population is muslim,but they still participating in doing bitcoin,because like us they also want to pursue and achieve there dreams  by the help of digital currency system.

[freesia_pnp888]

well, this is the first time ever i heard this!  but if it doesn't do any good, then banning is understandable

[mahilchii]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Nope. Bitcoin is not like gambling, if you say it is then share market is also a kind of gambling which even the muslim people and countries take part. There is thing in the world which is standard and everything moves up and down like gold price, petrol price and currencies of different countries, we cannot call all these elements as gambling. So, Bitcoin is also obviously not a gambling.

[YuginKadoya]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Actually i dont believe,that this bitcoins is forbidden to our brothers muslim to participate this kind of cryptocurrency investment,because as far as i know ,that many of asian country,that mostly 90%  living,there religion is muslim or islam but they join this kind of trading investment,even in the country of india mostly 3/4 of there population is muslim,but they still participating in doing bitcoin,because like us they also want to pursue and achieve there dreams  by the help of digital currency system.

This post really explains A lot, I really think there are no religion that are forbidden to use such technology and bitcoin itself like you have said I have known many muslim friends that are really engaging and some wants to really learn how to earn in bitcoin, And I think bitcoin is a gap mender between other religions and as long as you are not doing the wrong thing and not because of the traditions involve in a religion I really think it is not really forbidden.

[warning_btc]

It forbidden for now but its temporary i think, its researched and can be changed

[Lehbane]

As you know Fiat also is a form of currency that can be used in gambling, then why our Dear Muslim's brothers and sisters use it? Money can be used for their daily basis, as for the Bitcoin as long as they don't use it for such purpose then they are permitted to do so.

Religious belief pertains gambling as betting unto something or waging things in order to have some money and mostly relying on one's luck (it involve the fun and pleasure of winning), as we compare it to Bitcoin, it is more taking risks in business to earn.

[Indra32]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

in my opinion it's only the opinion of people who are less so understand and look for alibi only. i think everyone is entitled to bitcoin

[emuLOADs_temp]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

anybody ignorant enough to be religious has no place in the future, so good riddance. Even those most fundamentalist will come around once the system becomes mainstream (if it ever does).

[tonylewisverdu]

i dont think so.. i have a lot of friends that are muslim who is having bitcoin and also doing trading.. so i doubt its forbidden to their religion

[franky1]

the commodities market gamble the price of wheat.... yet muslims have bread
driving a car is a gamble of having an accident.. yet muslims drive cars
forex trading is the same gamble. yet muslims use money
having sex is a pregnancy gamble. but muslims try the 'pull out' method alot

unless your stood at a poker table shouting all my sats on red
unless your a day trader
its not a true 'gambling' scenario

[clonely]

I do not know which countries or countries prohibit crypto money trade. But to be a ban on Muslims, there must be a state called Islam! There is no such state. So if there is a ban, it is a state that is not a Muslim. Muslims can comment on the clerics, the provisions not included in the Qur'an, but they can not make a dominant act in applying it. So they can declare ideas, but a ban is not in their authority. I live in Turkey and we are living in a Muslim country. Although there is no legal obligation for crypto money trading in my country, although it is not seen as suitable by some clergy.

Maybe you know, I'll still do it for those who do not. Islam is not a solid way of life. What you are referring to as Fatwa are interpretations made by the clergy. For this reason they are not rules. When Fatwa is given, Muslims do not have to obey it. It is not certain that it is true. It is only the opinion of a fatwa. For this reason, do not worry about fatwa. It's not a bad thing, it could be the answer to a question asked to a Muslim cleric.

[daarul50]

Do not worry about the "fatwa" from one of the Muslim organizations that say bitcoin is haram. The fatwa is made by humans while we are holy Al-Qur'an does not prohibit a trade during trading that is done does not harm either party either buyer or seller. Then with that, as Muslims in bitcoin, we just do trade and do not do gambling with bitcoin.

[gogrowglow]

Why?  I think it is  not fair because they are also people of this earth and they have the right to join in anything that will benefit them.  Like all of us they want also to be updated in things that will give them a good life.  Cryptocurrency (Bitcoin) is for all who wants it and take part in it.    

[Direwolve735]

As far as I know, this prohibition applies only to Egypt. Fatwa is a legal position on some issue formulated by representatives of the Muslim clergy. It has no legal power, but it has influence among believers. This ban was argued by the fact that side by side with bitcoin are fraud, deception and ignorance. As the Chief Mufti of Egypt noted, risks associated with the use of bitcoin may arise, since this virtual currency is not under the supervision of any centralized authority.

[audaciousbeing]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Completely comparing bitcoin to gambling is an outright restriction to the use of bitcoin and also insulting the intelligence of those who feels that bitcoin is the currency of the future. Also, if you are going to rely on that, I have not seen a Christian leader by default or by virtue of interpretation of the Holy Book exhort the art of gambling and by so, you should say bitcoin should not be used at all and the same goes for other religions on the world.

Its simple, most times the terms used by the Holy Books are mostly subjected to interpretation based on the different ways we see life which is even influenced by our culture, parents, society, friends and colleagues which means even though we practiced the same religion, we have different tolerance levels for certain things. In short what you use bitcoin for would determine whether its acceptable in your religion or not.

[worldinvestico]

It's my first time hearing about the fact, that cryptocurrency can be against any religion. Let's listen to the Muslim audience here

[Ejanend]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

their are big difference between trade and Gambling. Trade which depend on supply and demand and in trade when any one expert in trade who can control their profit and loss and in gambling it depend just on luck gambling is a bad habit in which people can loss all their properties. In religious ISLAM  trade is not forbidden Gambling is forbidden.  i think you need more research about bitcoin we cannot match volatility of price and  gambling with each other.

[Rubesmatic]

I always find it odd that the muslims outlaw investing in BTC but say heaven awaits those who engage in jihad...What is causing more harm?  Jihad or BTC?

[heryalfian1981]

Actually Islam never forbids Bitcoin trade for Muslims, provided that the trade is not in the form of a ponzi scheme and does not hurt others, and the trade is mutually beneficial not a disadvantage to one side. In view of Islam bitcoin is not considered gambling as long as the trading place of P2P is not manipulated by a company.

[gtx1060aa]

Very strange interpretation, excitement and competent trade in the market with the purpose to earn even more capital than you have at the moment

[MakeMoneyBtc]

Honestly I dont really care about this because this doesn't influence in any way the bitcoin evolution and price. I heard about Muslims but I dont know about their rules. I think this is just a religious rule, not a governmental law so it cant influence at all bitcoin. So, I consider we shouldn't have this discussion since Muslims are a smalllot community that have their own rules and dont have any relations with us.

[12tribes]

It may be so for the muslims but this has nothing to do with the virtual currency we are dealing with. Gambling involves deliberate taking of risk to make high profit within a short time, this is not the case with the crypto world.
Whoever is not convinced about this argument can take the exit door.

[Mometaskers]

Oh that's funny, a few months ago there was a thread here about a cryptocoin for Muslims. Haven't checked what happened to it (forgot the name) but if that got past ICO and traded it would have been the same as any other crypto with the price fluctuating.

[tabas]

I never heard about that thing. If it's about religion and other belief I'm respecting each angle that makes them believe on why they should forbid or disallow their faith believers of having it so.

I always find it odd

I find it odd either first time of hearing that it's not allowed.

[DefDope66]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

anybody ignorant enough to be religious has no place in the future, so good riddance. Even those most fundamentalist will come around once the system becomes mainstream (if it ever does).

Do you want fundamentalists to "come around" or not? I thought religious people don't have a place in the future(?)

[DAOfan]

I think 'gambling' really depends on your intent when it comes to bitcoin or any asset. For example, you could buy a house with the intention that it is an investment that you will make better through your own hard work and dedication. You will have that house for your family and maybe even their family. Or you could buy a house because you hope to profit off the rapid increase in property values in that area. If you were strictly religious, that might be too close to gambling for comfort.

[Fancyax]

It forbidden for now but its temporary i think, its researched and can be changed

Nothing is temporary in a religion. But i don't think it'll affect the market, when the money talk religions shut up.

[teejayrichard2]

well for me, Muslims forbidding it or not really don't have any effect on bitcoin price and usage. i strongly believe they use it, not all Muslims will forbid it. if the main reason why Muslims forbid it is because of its uncertainty in price, making it look like gambling then it is not a good enough reason because from what i know, no religion supports gambling. if no religion supports gambling, who then are the bitcoin investors?

[darkangel11]

How can it be forbidden for Muslims if the UAE is a Muslim country and cryptocurrencies aren't forbidden there? On the contrary, they've launched a new exchange in January.
http://www.arabianbusiness.com/banking-finance/387598-new-uae-based-cryptocurrency-exchange-launched
Also, like others have said, investing is not gambling. Gambling is a pure game of chance, where you can only win or lose, there's no middle ground. They won't say: sorry you lost 5% of your money Investment can end up costing you or not, depending on how the asset is performing.
I heard that in Turkey cryptocurrencies are forbidden, but those guys can't even explain why. All they are saying is that it's not compatible with Islam. AFAIK Islam isn't even compatible with itself, since radicals are calling other Muslims infidels and murdering them.
I think you should do the proper research first. You don't know what you're talking about OP.

[Carmen01]

No i don't believe in that because this digital currency is modern only so even muslim and not muslim can use it or all of us can use it,I think if you say forbidden that can affect your trandition but i think bitcoin is not that sacred so muslim can use this in a lot of conveniece that btc brings to users of it

[Aliya Taj]

These are the fake information we are always against, no authenticity at all, UAE, accepts cryptocurrency, and there is a BTC dealership in Dubai, these are some of the Biggest Islamic countries in the word, what Muslims are you talking if

[zarados]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Actually i dont believe,that this bitcoins is forbidden to our brothers muslim to participate this kind of cryptocurrency investment,because as far as i know ,that many of asian country,that mostly 90%  living,there religion is muslim or islam but they join this kind of trading investment,even in the country of india mostly 3/4 of there population is muslim, but they still participating in doing bitcoin,because like us they also want to pursue and achieve there dreams  by the help of digital currency system.

This post really explains A lot, I really think there are no religion that is forbidden to use such technology and bitcoin itself like you have said I have known many Muslim friends that are really engaging and some wants to really learn how to earn in bitcoin, And I think bitcoin is a gap mender between other religions and as long as you are not doing the wrong thing and not because of the traditions involve in a religion I really think it is not really forbidden.

of course, I feel the same way, as long as we do not do bad things it's all okay. But in Islam, we cannot judge for ourselves that something we do is good because they still have to be guided by the Qur'an (the book of Muslim). There are many Muslims who know the bitcoin and invest in it, but in fact, they just do not know about the prohibition of bitcoin in Islamic rules. Among G20 decisions the other day, does anyone know the decisions of some Muslim countries?

[zarados]

How can it be forbidden for Muslims if the UAE is a Muslim country and cryptocurrencies aren't forbidden there? On the contrary, they've launched a new exchange in January.
http://www.arabianbusiness.com/banking-finance/387598-new-uae-based-cryptocurrency-exchange-launched
Also, like others have said, investing is not gambling. Gambling is a pure game of chance, where you can only win or lose, there's no middle ground. They won't say: sorry you lost 5% of your money Investment can end up costing you or not, depending on how the asset is performing.
I heard that in Turkey cryptocurrencies are forbidden, but those guys can't even explain why. All they are saying is that it's not compatible with Islam. AFAIK Islam isn't even compatible with itself since radicals are calling other Muslims infidels and murdering them.
I think you should do the proper research first. You don't know what you're talking about OP.

in a country, of course, there are a number of people with various religions living within it. Similarly, the UAE, in which there are Muslims, Christians, and Jews, so the decisions issued by the government are general. Meanwhile, I'm not saying that bitcoin is forbidden in Muslim countries but only Muslims. The prohibition I am referring to is not from the government but from the Muslim holy book studied by the experts and made the conclusion. Muslims who follow can be said to obey the rules of Islam and otherwise. I think you're the one who doesn't know what you're talking.

[Vart4varta]

First of all, it is necessary to determine the status of the crypto currency. Can this be considered money? From the point of view of the Sharia, money can be everything that people agree about, that is, what will be generally recognized as money. Thus, in principle, money, as a medium of exchange, can be anything, anything. There is a well-known case when the Caliph Umar ibn al-Khattab even wanted to make money from camel skins, but after the companions objected that in that case there would be no more camels, he refused this idea.

[Fayamba]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

I dont agree with your point that bitcoin if forbidden for muslims. If that is the case, then trading in general is forbidden for muslims. Now consider bitcoin as a bag of beans. Immediately after a harvest, the price becomes cheap and i decide to buy a bag for $300 and decide to store it. But as time goes on and the amount of beans in the system gets scarce, the price shots up. Now i decide to sell the bag of beans for $500. Does it mean the $200 profit is forbidden?

[kenelmark]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Actually i dont believe,that this bitcoins is forbidden to our brothers muslim to participate this kind of cryptocurrency investment,because as far as i know ,that many of asian country,that mostly 90%  living,there religion is muslim or islam but they join this kind of trading investment,even in the country of india mostly 3/4 of there population is muslim,but they still participating in doing bitcoin,because like us they also want to pursue and achieve there dreams  by the help of digital currency system.

This post really explains A lot, I really think there are no religion that are forbidden to use such technology and bitcoin itself like you have said I have known many muslim friends that are really engaging and some wants to really learn how to earn in bitcoin, And I think bitcoin is a gap mender between other religions and as long as you are not doing the wrong thing and not because of the traditions involve in a religion I really think it is not really forbidden.

Actually it is not Islam religion forbids bitcoin, but it is the policy of muslims countries to ban bitcoin. at least, they ban bitcoin as a currency exchange. it is different between Islam as religion and countries of muslims. it has no different to most countries that ban bitcoin as a currency. Only Egypt, Iran and Saudi Arabia ban bitcoin at all.

[thelemot]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

a good question, but I am not an expert in explaining religious matters. you need to ask religious leaders who understand this kind of problem. I think this is valid because it is not included in the element of deceiving or gambling. in this sense it is only included in the investment but the unstable price is what makes bitcoin will be considered for Muslims

[lukmandog]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

This is strange conclusion. you make muslims look like fools.
even in this forum, you can find board for muslims countries; Indonesian, Arabic (same language for different arabians countries) and Turkish.
I guess you read that their countries forbid bitcoin, but it doesn't mean Islam teachings forbid bitcoin.

[yepaiyique2]

The anonymity of BTC can lead to tax evasion, money laundering and terrorist financing. A lot of al qaeda terrorist groups do some trading through digital encrypted money!

The Muslim ban on digital cryptographic currency has drawn a line with these terrorist groups!

[upyem2k]

That cannot be true. If you talk of uncertainty, uncertainty is in every transaction you go into especially when it comes to international trade. You cannot be certain of what the value of foreign currency might be when you leave your country to buy something in another country.

[hrz]

as long as there is no gambling element, no one is persecuted on the one hand and there is no fraud then the trade is no element of haram, if there is one of them then the law is haram.

[liseff3]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

I strongly disagree with this opinion.

I'm a Muslim woman, as far as I am aware that bitcoin is forbidden for Muslims not on the element of uncertainty, but how their schemes in getting it, whether by stealing, gambling, betting, and other forbidden things.  If the element of uncertainty too exaggerated, I think the impact will be widespread, I take one example:
"Every pregnant woman to give birth to the average age of babies it contains is 9 months but the fact there is a childbirth when the new pregnancy 6,7,8 even 12 months, is this forbidden? ..., is this said to be gambling ?... " that's just my opinion.

[norachuks]

bitcoin is not like gambling. in the world of business you lose and you gain.Muslims they forbid a lot of things so i won't be surprise if the forbid bitcoin.

[darkangel11]

How can it be forbidden for Muslims if the UAE is a Muslim country and cryptocurrencies aren't forbidden there? On the contrary, they've launched a new exchange in January.
http://www.arabianbusiness.com/banking-finance/387598-new-uae-based-cryptocurrency-exchange-launched
Also, like others have said, investing is not gambling. Gambling is a pure game of chance, where you can only win or lose, there's no middle ground. They won't say: sorry you lost 5% of your money Investment can end up costing you or not, depending on how the asset is performing.
I heard that in Turkey cryptocurrencies are forbidden, but those guys can't even explain why. All they are saying is that it's not compatible with Islam. AFAIK Islam isn't even compatible with itself since radicals are calling other Muslims infidels and murdering them.
I think you should do the proper research first. You don't know what you're talking about OP.

in a country, of course, there are a number of people with various religions living within it. Similarly, the UAE, in which there are Muslims, Christians, and Jews, so the decisions issued by the government are general. Meanwhile, I'm not saying that bitcoin is forbidden in Muslim countries but only Muslims. The prohibition I am referring to is not from the government but from the Muslim holy book studied by the experts and made the conclusion. Muslims who follow can be said to obey the rules of Islam and otherwise. I think you're the one who doesn't know what you're talking.

Ok, so show me verses that prohibit the use of cryptocurrencies and I will change my mind. That's unless you don't know your own religion and don't have your own will, but instead need to rely on other people's interpretations, watch them and do as they tell you.
And please don't say that it's because they are comparing trading to gambling because last time I checked stock exchanges were functioning in Muslim countries. The fact that some crazy Imam doesn't know what trading is and compares it to gambling doesn't change the rules of Islam just as it doesn't change the definition of trading.

[zarados]

How can it be forbidden for Muslims if the UAE is a Muslim country and cryptocurrencies aren't forbidden there? On the contrary, they've launched a new exchange in January.
http://www.arabianbusiness.com/banking-finance/387598-new-uae-based-cryptocurrency-exchange-launched
Also, like others have said, investing is not gambling. Gambling is a pure game of chance, where you can only win or lose, there's no middle ground. They won't say: sorry you lost 5% of your money Investment can end up costing you or not, depending on how the asset is performing.
I heard that in Turkey cryptocurrencies are forbidden, but those guys can't even explain why. All they are saying is that it's not compatible with Islam. AFAIK Islam isn't even compatible with itself since radicals are calling other Muslims infidels and murdering them.
I think you should do the proper research first. You don't know what you're talking about OP.

in a country, of course, there are a number of people with various religions living within it. Similarly, the UAE, in which there are Muslims, Christians, and Jews, so the decisions issued by the government are general. Meanwhile, I'm not saying that bitcoin is forbidden in Muslim countries but only Muslims. The prohibition I am referring to is not from the government but from the Muslim holy book studied by the experts and made the conclusion. Muslims who follow can be said to obey the rules of Islam and otherwise. I think you're the one who doesn't know what you're talking.

Ok, so show me verses that prohibit the use of cryptocurrencies and I will change my mind. That's unless you don't know your own religion and don't have your own will, but instead need to rely on other people's interpretations, watch them and do as they tell you.
And please don't say that it's because they are comparing trading to gambling because last time I checked stock exchanges were functioning in Muslim countries. The fact that some crazy Imam doesn't know what trading is and compares it to gambling doesn't change the rules of Islam just as it doesn't change the definition of trading.

all things that contain elements of deception, harm to others, and uncertainty, are not allowed by the religion of Islam. Well, this is a ban concluded by the predecessors of Islam to follow. If Muslims follow, they are called obedient to the ban, and if not then they are called Muslims who do not obey the ban. Simple isn't it? Of course, you understand this if you are a religious person. There are some people who are obedient to his religion, some are not.

[jayco25]

This is my first time to read that Bitcoin is forbidden for muslims. I dont know the rules and regulation of muslim but if this is true lets support them since they have their own belief. This will not affect the good relations of muslims and other religion.


#Datarius

[kuncimobil]

I think, bitcoin is different from gambling because here I do is investment and in investment of course there is a risk with the value of up and down like other investments so bitcoin I think is not a problem for Muslims

[zakirazak]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

for Muslims, it depends on the intention and conduct of conducting BTC-related activities,
gambling and riba is clear on the guidelines where you can find these references from scholars
so that you are clear of the boundaries falling into terms of riba and gambling.
taking a reading from internet without a good understanding it just damages your way of thinking.

to me,
the BTC for trading purposes
should be treated as it is required
by Islamic investor prinsip to invest without involving leverage,
However boundary and nature towards gambling way
is always waiting on the side of your
but you control it and it is up to the way you think.

and fatwa
is issued in general to all muslim,
to keep integrity so that individuals do not make mistakes
and alert them of the dangers and risks of being stuck with usury and gambling,
as well as to ensure that people are using the BTC in the correct.
but for those who dare to risk
then you are free to doing what u want it like darkpool or something else like it.

[bit-freedom]

I understand that Islamic finance law is slightly different from the normal law. There are law about disallowing interests bearing saving and investing.

This is an interesting topic to learn about and I would like to hear from our Muslim Member here.

[KingScorpio]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

well islam as a religion that also fights poverty has to consider the muslims in the poor region that cant pay their electicity bill which they need to use the internet. to educate their children.

thats just one example another one is the need of electricity for the production of goods.

bitcoin is only wasting electricity and enriches its small core. which is usually living in rich countries.

that fatwa has its legitimacy.

[batang_bitcoin]

I understand that Islamic finance law is slightly different from the normal law. There are law about disallowing interests bearing saving and investing.

This is an interesting topic to learn about and I would like to hear from our Muslim Member here.

It's interesting to know what are the Islamic finance law as I thought Islam's law does cover only the belief, way of living and with finance it will be normal and the same to other religions. Muslims are really following their holy book so if there's a reference that will point out that bitcoin must be forbidden, they have to obey. But as zarados said some are religious but aren't obedient.

[rachelia13]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

I think bitcoin is not gambling like Muslims people think, bitcoin is investments where people expect to get profit from bitcoin investments with trading by take the difference between the purchase price and the selling price, just like forex trading, stocks and others. If bitcoin considered like that, it's means stocks, forex and other is also gambling too, right? This is may be just the thought from a group of people who don't know well about bitcoin.

[ggameon]

1- What is wrong with people coming up with this bullshit
2- muslims are not one group of people adhering to the same rules, there are 1000's of mulims groups, there is no central person or group making these decisions "fatwa"lol
3- mohammad didn't know about bitcoin if he did he would probably own a big chunk lol

Anyway very disturbing people around in this forum lol

[suryapro]

in my opinion, the bitcoin itself has no gambling element .. if someone says bitcoin as gambling from which side is considered a gambling? and for me that is prohibited or not allowed to join gambling-related projects, because Muslims strongly forbid us to spread and invite people to gamble

[olyolali]

for the umpteenth time I heard this
actually bitcoin is not forbidden for muslim i am also muslim but i play it all it depends how bitcoin source we follow if system fortune hence is forbidden because gambling system
but if the job system then it is not prohibited because we paid for our effort

[bdbabiak77]

And who gives a crap what Muslims think? There're a lot of weird cults and crazy people out there who think all kinds of things - who cares? As long as they're not hurting anyone, they can think whatever they want...

[poli.isk]

Is it serious? that faith is strange. and then there's this. although this is expected of them, it is the first faith that openly asks for people to be killed for Allah's sake. God forgive me!

[bidadari22_]

Many opinions on this, whether bitcoin is forbidden or not for a Muslim, but I think that says haram because they think if bitcoin is gambling. I am a Muslim, and I earn money from bitcoin not by gambling so I think the legitimate bitcoin is legitimate only in getting and in use for the good.

[jademaxsuy]

Well stating without references could be difficult to prove about the statement. How do we know that bitcoin is just like gambling as what it was stated? Just by analyzing it for its uncertainty? I must say all of the investments had unpredictable results yet we could not consider them that as a gamble. There should be a representation in behalf of our muslim brothers on their stand on bitcoin and make it as a reference. so bitcoin in muslim areas or country could not be allowed. I do not know really if our muslim brother are not embracing crypto but i have seen some.threads and post even in bounty campaign translation  somehow there are muslim there joining.

[nesis67]

In my opinion, bitcoin is forbidden for a Muslim if it contains gambling and bitcoin used for crimes that violate Islamic religious law and violate state law.

[GaPR]

I am a grateful servant of Allah Almighty, working to make investments in technological ICO, bitcoins and other projects that will bring people benefits and relief in business and life.  I earn money on this and hope for the mercy of my Lord.  But, I do not consider projects related to violation of official Jurisdictions, casinos, drugs, alcohol, prostitution, etc.

[mOgliE]

Hi,

I think this depends on you. If you think that bitcoin is like gambling and that it is not conciliable with your religious practice, then don't do that.


But I know that some muslims drink wine. Or eat gelified candies. Your religion and what you do only concerns you and your consciousness. And no other human being should judge you!

[dimiinx]

Is it serious? that faith is strange. and then there's this. although this is expected of them, it is the first faith that openly asks for people to be killed for Allah's sake. God forgive me!

do not be too serious about the issue of bitcoin ban on Muslims,many religious experts say that bitcoin is haram and some say bitcoin is halal. if an item we get in a way that is not good then it can be said to be haram,but if we get it with our energy and get it in a good way then it is lawful.

[Finestream]

It’s not gambling, if you say it is then share market is also a kind of gambling which even the muslim people and countries take part. There is thing in the world which is standard and everything moves up and down like gold price, petrol price and currencies of different countries, we cannot call all these elements as gambling.

Exactly.Bitcoin does not pertain to gambling just because of its price volatility.IMO bitcoin does only give lots of opportunities to earn more profits and its up to the user already if he/she will use it in gambling activities.As far as i know,muslims are not forbidden to use things brought by new technologies and this bitcoin is just one of those.

[Rozita]

The price is volatile and it is same as stock market and Gold. I don't think It is forbidden for them to invest in Stock market or Gold. There are many financial activities that they are involved in.

[irenegaming]

There are a number of Islamic countries accepting BTC and some even making more improvements on it already, such are not authentic claims, that are only misleading the masses

[Sithara007]

There are a number of Islamic countries accepting BTC and some even making more improvements on it already, such are not authentic claims, that are only misleading the masses

I can't think of any Islamic nation which has made Bitcoin 100% legal. Most of the countries which have legalized Bitcoin are in Europe or East Asia. On the other hand Islamic nations such as Indonesia and Bangladesh have banned Bitcoin and arrested crypto-traders.

[shezu007]

There are a number of Islamic countries accepting BTC and some even making more improvements on it already, such are not authentic claims, that are only misleading the masses

I can't think of any Islamic nation which has made Bitcoin 100% legal. Most of the countries which have legalized Bitcoin are in Europe or East Asia. On the other hand Islamic nations such as Indonesia and Bangladesh have banned Bitcoin and arrested crypto-traders.

Nope, its not true that Indonesia and Bangladesh have arrested crypto users while also i want clear you that there is no such rules in islam against bitcoin concept because bitcoin is a currency and you can earn it with legal work there is no illegal work require to earn bitcoin so Islam will never you to forbid such type of work. While if a country policy can ban bitcoin then that is the rules of country due to some internal business issues if they feel otherwise most of the countries like pakistan, malaysia etc people are using bitcoin freely. People are doing business and in Islam the most favorite earning method is business.

[gundala]

Fatwa determination is based on many aspects. If in terms of uncertainty, related to the price that is easily changed so that it has a very high risk if used as an investment, can bring "mudharat" so it is better to avoid, some scholars think so. However, from other aspects, in Rasulullah era, there has also been trading currency in the form of dinar and dirham coins, and it is halal. Different if used or obtained in a way that is not halal, such as by gambling or stealing.

[UAE Seasider]

Just when you think you have heard everything then  you get another bizarre statement from the people that practice religion. If you want to believe in God then that's fine but you really don't need a strict set of rules dictating every minute part of your life and a book telling you what you can or cannot do. Everyone should be free to make their own rational choices of what they feel comfortable with and does no harm to others.

[Marma Kalari]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Really surprised to see how dumb people are even in this era, if bitcoin is gambling, then every investment you ever make is a gambling, there is no guarantee that it will reach a certain valuation, you are having a expectation that it would rise again in the future and that is not gambling. If someone things that it is not good for them, then do not trade in it, as if the world is looking forward for everyone to trade bitcoin.

[Hypnosis00]

I think this is a lie because bitcoin doesn't have standards for the religion and bitcoin doesn't care if you are a muslim, a catholic and so on and so forth. Bitcoin is for all of the people in this world and we should not agree if we will see some people or organization that will encourage others to forbids bitcoin for muslims or even other type of opportunity because opportunities doesn't care to the religion, age, financial status and so on.

[JerryJam]

Religion is important in financial matters. Islam has clear rules. They are based on Sharia law.Even in Hitler's army were Muslim troops. They blindly believe what they are taught. They are easy to manage. Islam requires that any currency should have an internal value. Since bitcoin does not have a binding to any resources, according to Muslims, bitcoin is not money.Bitcoin can be used as a more suitable medium for intermediate storage of valuables. The use of bitcoin in the Islamic world is limited.In General, bitcoin is not prohibited by Islam. But religious authorities are concerned about the high volatility of bitcoin prices.

[yulionoo]

yess right. asset is always unpredicted. investation is unpredicted.
you just see for one side. bitcoin is unpredict, but you can still calculate in future you can take profit or not by looked at past.
all muslim is forbidden to guest about future, but if you have data that circulate everytime and it make something happen in everytime too, so it never mind.

[ChotyDonat]

I know bitcoin is an object, while gambling is an activity. So bitcoin can not be compared with gambling.
There are various ways to get bitcoin; barter, trading and mining.
Is barter haram? I do not think so. when other people need bitcoin and we need money, then it is okay, we can do the exchange.

[Xester]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

That is a misunderstanding of fatwa. Also there is something wrong with your interpretation of gambling and investment. If we talk about uncertainty then would you mean that muslims cannot do business since business are all uncertain since it could earn a lot or it will shutdown due to low sales. When you establish a business you are risking your capital for a potential profit from sales, that is the same with bitcoin when you place your money into bitcoin you are hoping that you will gain profit. Thus bitcoin is not forbidden for muslims.

[Zin-Zang]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Muslims don't all agree with the fatwa, as the fatwa was put out by a centralized authority figure in Turkey.
The fatwa also complained that bitcoin was not backed by the government,
the conflict in this is that gold , silver , Food Barter is also not backed by the government , so bitcoin falls into the same category as these items which the fatwa ignores.

Two Turkish Muslims were just fired for ignoring this fatwa.
https://themerkle.com/turkish-imams-fired-for-violating-fatwa-against-bitcoin-trading/

As long as Bitcoin does not pay an interest that exceeds the Islamic requirement of becoming usury ,
then there is really nothing in Islam blocking the usage of bitcoin.

In Time , this centralized authority in Turkey will be shown to be cow-towing to government contacts,
as his fatwa will be repealed or ignored as it has no legitimate reason to be followed in their religious ideology.  

* Be aware, Muslims outside of Turkey are under no obligations to follow a fatwa from a Turkish figure. *

[Aandosq1]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Under current regulations or what they call 'fatwas', although bitcoin is considered the currency of the future and part of technological development, bitcoin can not be separated from any of the elements that can make it forbidden to use.

[tayogpanganiban]

Yes,gambling is forbidden for muslim brothers but I don't think using or investing bitcoin is forbidden to them.There are some muslims countries that bitcoin users.So maybe it's not bad if they invest in bitcoin.

[Superways]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Islam do not allow muslims to rely on the sayings of people but it has its rules for living a successful life. And according to that rules bitcoin is a currency as it is invented for buying and selling goods and the concept of fluctuations in prices are already informed by Islam in assets and they did not said that with these fluctuations these assets becomes gambling. So it is false to say that Muslims are seeing bitcoin as gambling but they are seeing it as a currency and a fluctuating asset as well.

[brokens]

No, Bitcoin is not banned for Muslims because everyone has the right to invest in this digital currency. in the whole this world are already many who use this digital currency for their life needs.
I want to know why you connect Bitcoin with a religion? this has absolutely nothing to do.

[NineBall]

Islam does not allow gambling. But what is bitcoin as gambling? Gambling it's diffrent with Trading.

Gambling is an activity of drawing fate! For example grab a dice, select a number and then hope the number will appear, throw the chest ... the decision-making process is complete when the dice is thrown, the end we never know and can not control it.

Then what about trading? Trading is a decision making activity involving many aspects ranging from market research and analysis, financial management and risk management to psychology management to recognizing market psychology as well as the ability to control oneself.

But what distinguishes a trader from a gambler is a trader has the ability to read things and then change them for example by counter-trading, running a backup strategy when realizing the predefined calculation and analysis is wrong. A trader has the ability to turn an unfortunate circumstance into a favorable state for himself.

"Allah will not change the fate of a people except the people themselves who change what is in themselves" QS. Ar-Ra'd (13): 11.

I'm muslim too.  

[evilsign]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

I do not agree with it. BTC is like currency. If You mean is trading like gambling, I think it will depend on who use it for. If You use the money for gambling, and you are Moslem, do you think the money is forbidden? I hope you clearly read it.

[tegarp90]

Since the price of bitcoin relatively speculative.
It might be becomes haram when you do trading.
It's not haram when you get your coins with bounties XD

[Rupok]

I do not think Bitcoin is forbidden for Muslims and i don't believe this.Investments and financial transactions and business commerce are in all religions.Bitcoin is being earned in this World and Bitcoin is being sold. So it can not be gambling.If someone gambling with Bitcoin, then it is forbidden for that person.But I do not think bitcoin is gambling. This is a digital coin whose price ever increases and decreases, and is invested.

[Shaffan]

Well I don't think that bitcoin should be forbidden for muslims due to the following reasons:
•People say that bitcoin is like gambling due to uncertainty of the value of the bitcoin but if you check then all the world currencies also have uncertainty of value in them but at a slower rate.....for eg: today $1 = 115 Pkr (Pakistani Rupee)approx & when you check this price a few months back it was for $1 = 100 Pkr.....so this shows that physical currency also has uncertainty which cayses price fluctuations but at a slower rate than the cryptocurrency.
•I heard people say that you could get a haram cryptocurrency into your account without your knowledge...for example I bought a bitcoin and the person from I bought had bought it from another person who got this bitcoin from a loan/black money profit/through money lending or by any other haram means so the bitcoin which I got is haram.....but in reality you also have gotten many haram physical money which may have been used in haram works but its still halal for you as you've earned it,hence same is for cryptocurrency.

[Kotone]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

I honestly could not see the reason why bitcoin is forbidden to or brothers in the Muslim side as you fail to give enough sufficient reason to do so. I do think however that if this can push through that bitcoin can be the currency of the future then I believe that every religion or every gender, race and nationality that we do not have anything to resort into and only believe and just do our jobs of maintianing a good information drive for this. Once this happens then we can all enjoy bitcoin

[Zapto25]

which I know of no "fatwa" which says that bitcoin is off limits to Muslims, but gambling is forbidden because it can harm others and self, whereas in the system of sale and purchase sahah sahah the most important no fraud in buying and selling

[oppasong]

Bitcoin is not gambling and no religion forbids bitcoin so that many use bitcoin as a form of transaction or also as a place where they get an income even though bitcoin is not physical but many people are fond of bitcoin

[sk700]

its a scam, false news and I heard first time that Muslims can't use bitcoin. bitcoin is a global online currency it is universal currency and all classes of people use bitcoin.

[detector]

It's depend on people judgement.

Do you think stock exchange is halal ?
Stock exchange also gambling activity but government support stock exchange rather than Bitcoin trading.

So it's depend on your government and yourself !

[egtrader]

im Muslim and i can use bitcoin as i want no gambling in bitcoin

[retnoanjani]

which I know of no "fatwa" which says that bitcoin is off limits to Muslims, but gambling is forbidden because it can harm others and self, whereas in the system of sale and purchase sahah sahah the most important no fraud in buying and selling

That's right, there are indeed many disagreements regarding fatwas. As a Muslim, as long as I do not use a "haram" way like gambling to get bitcoin, I'm sure that's okay. This is a fairly sensitive issue, act wisely, and respect each opinion, and consolidate the decisions we make based on Islamic law.

[vandako]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Do no fall for all this. Many of my friends are investing in bitcoins and are making good money. Isn't is surprising that they have rules mentioned in their books created thousands year ago for something that is happening recently .

[gerjiss]

I agree that Bitcoin like the other Altcoins are very volatile in price. But you can not equate them with excitement.

[Reid]

Life is already a gamble. Everything around you is a gamble. You walk around you gamble your life and be prone to anything that could happen to you.
If that is the explanation of all of this, then they should have not existed anymore. Maybe killing themselves will be the answer. But hey that is also forbidden.  

You can either think of it as a gamble or just buy it because you are thinking for your own future. If you think it is the currency we will use after all fiat is burned then being in the first lane will be a good idea right? Instead of having war with others just so you could buy one bitcoin for a larger price.

[cryptojac17]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Completely comparing bitcoin to gambling is an outright restriction to the use of bitcoin and also insulting the intelligence of those who feels that bitcoin is the currency of the future. Also, if you are going to rely on that, I have not seen a Christian leader by default or by virtue of interpretation of the Holy Book exhort the art of gambling and by so, you should say bitcoin should not be used at all and the same goes for other religions on the world.

Its simple, most times the terms used by the Holy Books are mostly subjected to interpretation based on the different ways we see life which is even influenced by our culture, parents, society, friends and colleagues which means even though we practiced the same religion, we have different tolerance levels for certain things. In short what you use bitcoin for would determine whether its acceptable in your religion or not.

I don't know how  they interpret bitcoin system if they consider it as illegal to the religious beliefs, but for the Christians  the principles is give the government what's for the government and money matter, religion should have not involved here.

[boty]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

I do not know why it can be racist like that, I think digital currency like bitcoin is entitled to use anyone and for any religious person there is no clear and absolute ban for bitcoin, you should not be racist like that, keep the feelings of Muslim brother, all the same people are not too different.

[Ferry22]

it is true that gambling is banned for Muslims, but my question is, is Bitcoin and Cryptocurrency included Gambling ?! while the Muslim Council in my country once issued a fatwa "As long as it does not harm the Ummah, Bitcoin and Cryptocurrency is legally valid"!

[Rafif000]

I do not agree if bitcoin is associated with gambling I am also a Muslim, if in association with bitcoin prices are up and down it means Muslims can not buy anything that costs up and down whereas the price of staple food in the market also experienced up and down.. and for me the law of buying and selling if the seller and the buyer have agreed with a specified price that means it is legitimate.

[CryptoLoverz]

A big question mark. I do not think there is a problem with bitcoin, for the problem of haram or not, it all depends on the use of the bitcoin. Used for what the bitcoin is. If bitcoin is used only for gambling, surely Muslims forbid bitcoin. Trade can not be interpreted as gambling. Because there are parties who buy and sell.

[Loopper]

This only comes at the thought of oneself about the notion of Bitcoin and the usefulness of Bitcoin for them. Better to decipher Bitcoin from the good side not from the bad side.

[bekohkoning]

I am a Muslim but I do not agree if bitcoin is associated with religion .. now I want to ask, what is gambling bitcoin? I think not, I think if bitcoin is trading instead of gambling and for me it is legitimate

[poldanmig]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

it all depends on our intentions in such investments because if our intent is positive of course the results obtained well and good if our intentions are bad of course bad results so good a result depends on the intentions of the investors

[DrkLvr_]

You have a really stupid logic i think. Is an automobile also forbidden because of the uncertainty you will be in an accident?

[Mokter]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Bitcoin can be banned for its element uncertainty is quite false. We all know that business is legal according to islamic rules. Business has uncertainty too. Your investment might generate more even principal amount may decrease due to loss. So, uncertainty is not a problem. There is no instinct to ban bitcoin as per islamic regulations.

[Wowcoin]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Actually i dont believe,that this bitcoins is forbidden to our brothers muslim to participate this kind of cryptocurrency investment,because as far as i know ,that many of asian country,that mostly 90%  living,there religion is muslim or islam but they join this kind of trading investment,even in the country of india mostly 3/4 of there population is muslim,but they still participating in doing bitcoin,because like us they also want to pursue and achieve there dreams  by the help of digital currency system.

Yes agree with you because many of my friends on facebook are Muslims but they are taking risk to invest on bitcoin. Because they believe that bitcoin can give them a good income especially if they are a good trader. So i don't believe also that bitcoin are forbidden for muslims.

[ozgun_a]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

IMHO, If there is a capital gain due to interest rates whatsover, that is banned in Islamic finance. Here is an example blog:

http://www.shariahfinancewatch.org/blog/2015/05/26/more-information-on-bitcoins-facilitation-of-shariah-finance/

[jonruhoax]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

then you? I think it is complicated, I am not muslim but in life we ​​must be able to survive with everything that happens. now is the time for developing technologies including bitcoins, if you look at the rules of ancient times like the stories of the prophets. chances are you will not survive in the future with any restrictions against you

[MLBBPLG]

I as a Muslim, argue that bitcoin if we do trading, it has become a risk for those who plunge into it. The bad effect is that we lose if bitcoin prices go down
The musliim's view of bitcoin, mostly "We know that Bitcoin remains anonymous when you handle it, which means that it is an open gate for money laundering, drug money and illicit money," he said. "Muslims should do not engage in such dubious transactions just to make money quickly, to get a quick profit.This is not the concept of Islam, "
source:

https://www.youtube.com/watch?time_continue=9&v=cHSomztOLbQ

https://www.youtube.com/watch?v=k17D8j1vhyg

1. That there are two types of objects that may (disunahkan) to be used as a currency exchange (currency), namely Precious Metals and staple food.
That a currency must be physically visible and held by hand.
2. That a currency must have an Intrinsic value, that is to contain value according to the price.
3. That inter-currency may be exchanged without profit. This means that the currency can not be traded, If you take advantage of the transaction becomes Riba. (It is symbolized that taking advantage in exchange of Dates is good with ugly Dates).
4. That currency may be exchanged only with a fixed value (symbolized by the same fixed dosage). For example, in the United States 1 gram of gold can be redeemed by 20US $ while 1 gram of gold in Indonesia must be redeemed with Rp500.000, then the US $ rate should be fixed at RP.10.000 / US $. If it sells the only kosher currency is Riba, then it certainly sells money
5.Digital that is not even a real currency and contains the element of gambling (fantasy profit) is Haram.

[sedihnya8]

I never knew about it. where did you get the news. I do not agree if bitcoin is forbidden for Muslims because bitcoin trading is not gambling

[lukmandog]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

That is a misunderstanding of fatwa. Also there is something wrong with your interpretation of gambling and investment. If we talk about uncertainty then would you mean that muslims cannot do business since business are all uncertain since it could earn a lot or it will shutdown due to low sales. When you establish a business you are risking your capital for a potential profit from sales, that is the same with bitcoin when you place your money into bitcoin you are hoping that you will gain profit. Thus bitcoin is not forbidden for muslims.

Exactly.
Muslims are forbidden to do gambling. gambling means putting any valuable things in fifty-fifty chance to gain profit or loss without any effort.
in Islam, there is another obligation only for their believers, it is Zakat that has the similar meaning to tax. the fatwa aims the tax evaders and Zakat evaders in muslims countries that use bitcoin to hide their wealth.

[yazher]

i think as long as we don't use it for gambling nor lending nor loan (with interest) . we just use it to buy something which is not Forbidden i think there's no wrong with that and me too i'm a Muslim and I'm doing some bounty campaign when i'm doing bounty i stay out from the things that are forbidden like Gambling,porn,lending,loan and others. and Allah Knows Best.

[Malya_alkendy]

there is no prohibition for Muslims against Bitcoin, but Muslims are forbidden to play Gambling !! Bitcoin is not gambling, the price up and down in Bitcoin is a natural thing, and this is not Gambling.

[seoincorporation]

Under the Muslim law, usury is totally forbidden. Some Muslims countries are using that as an excuse in order to forbid the use of bitcoin, based on the possibility of BTC being used as gambling and so. Now, of course, this is just another example of how religion can be used as a way of legitimization of anything, due to the several interpretations a religious book can always have. Of course, in the Coran, there is a specific prohibition about gambling and usury, if I am not mistaken, this is called "haram". Bitcoin, as any currency can be used in too many ways. But, once more, the prohibition based on the interpretation of the religious speech is nothing but a political weapon of control and legitimacy.

[hurry_hore]

It is true that gambling is forbidden. But trading whatever the stuff is allowed and regulated in Islam, this kind of trading stuff is similar to trade rice, wheat or such kind of plantation. Even mining and oil is fully with uncertainty as a trading stuff. So, it is better to some of my brother to classify trading as gambling to do comprehensive research and study. Uncertainty is not related all with gambling, if it doesn't carry out the analysis then everything will be classified to gambling with fully aware or un-aware. I do not know precisely gambling but I think no analysis can be made for gambling, similar with trading without analysis to be named as gambling.
It should be deeper to learn and study before issuing important news to people.

[carlisle1]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

the thing is who told you this?where did you get the idea that since it almost like gambling then it will be forbidden for muslims?next time before putting a thread like this you should requires some proofs that will support your post or else it will be considered as fud or another fake news that has been made to create panic things that always here and there.

[just_Alice]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

It was forbidden due to its possible use to fund terrorism and also because there are no exact rules for using BTC and people may have started buying large amounts of BTC, which eventually could have lead to serious damage to the economy. 

[gusevli]

There is no such thing mentioned in their Holy books. This is just an attempt to gain some popularity in the name of crypto. Also, people see logic these days and do not follow advices blindly.

[bahula33]

Currency trading transaction is allowed with the following provisions: not for speculation, there is a need, if the transaction is made in a similar currency, its value must be the same and cash. If it is of any kind, it must be at the prevailing exchange rate at the time of the transaction and in cash. "

Thus, Bitcoin's position as a means of exchange according to Islamic law is permissible, but provided that there must be a handover and the same quantity if the same type.

[Dimy38]

Anything can be used for bad or good

[Grimjhow]

I do not know much about it yet, in my country no one has discussed about the ban on crypto currency ..
which I know the trade is allowed for Muslims
for an unstable price, I think it is not a gambling but it is a fluctuating bitcoin price..

[ashahin7799]

I do not believe that bitcoin is banned for Muslims.Because, there is no religion discrimination here.There is no communalism here.Bitcoin can be used by people of any religion.Besides, according to Islamic law the business is valid.According to Islamic law, there is no question of banning bitcoin.

[devinks]

Still a debate. actually for me bitcoin itself is forbidden to muslim or not it depends of us own that use bitcoin for what. Except for the dice or gambling is definitely a ban. almost the same as paper money. it all depends on its use

[Apiapik]

Why should it be banned? Is there anything wrong with bitcoin.
I think this is too much, is not bitcoin the same with other formal currency. If its use is not in accordance with syari'at islam, new bitcoin deserve to be banned. So this need to review the prohibition of circulation of bitcoin.

[doblok]

maybe this is wrong when applied because in my country, many Muslims who have been in bitcoin and it does not matter because we are doing is working and if the completed work we paid and there are no elements that harm certain parties and bitcoin should be widespread anyone can have it's just a matter time for those who have low thinking about bitcoin

[cryptobike]

though its not directly that kind of thing but muslims should avoid this for this high risk

[otandelapaz]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Investing in Bitcoin is no different with stocks. So I don't think Bitcoin investment is unlawful to Muslims. Also, Bitcoin is not just for investment, Bitcoin is a currency and being use as such. So again, I don't think our brothers in Islam will consider using Bitcoin as unholy.
 

[strelko]

This is not true in my opinion. I already a number of female celebrities who have Tweeted in support of crypto and they must all be investing as well.

[cryptoblue]

I don't think that bitcoin is forbidden for muslims. Bitcoin is not gambling, so there shouldn't be any problem with bitcoin. Muslims can safely use it.

[thinkme1st]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Bitcoin is digital currency and people buy or sell it for profits just like forex, stcoks or they buy land, homes, cars etc for trading purposes. like other businesses bitcoins also have risk of loss. i don't think trading bitcoins is prohibited in Islam and yes it is gambling unless you know what you are doing and you have knowledge and understanding of how trading of cryptocurrencies, stocks, currency pairs works.

[Conundrumwas]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Even jobs, property, holding stocks have their own uncertainties.. I don't see why Bitcoin is any different?

[Chrystora123]

I have discussed this with my Muslim friends, so far they think Bitcoin can only be traded in trading like forex, because according to the teachings of their investments such as deposits and stock trades it is forbidden, why forbidden because the money that worked,

I explain little that Bitcoin not only available with trading but can be with mining too, he asked "what is mining", mining it is to mine Bitcoin and its job of transaction validation or break the block with Bitcoin as a pay,

then he replied, "ohhh ... all this time I think Bitcoin can only be in trading only". end  
so all this time they just do not understand Bitcoin deeper so think it's forbidden.

[Wishywashy]

I have discussed this with my Muslim friends, so far they think Bitcoin can only be traded in trading like forex.

I explain little that Bitcoin not only can be tied but can be with mining, he asked "what is mining", mining it is to mine Bitcoin and its job of transaction validation or break the block with Bitcoin pay.

then he replied, "ohhh ... all this time I think Bitcoin can only be in trading only". end 

what does this have anything to do with the topic? trading isn't even gambling.

[bitkaboom2]

There is no clear statement approved by the Islamic scholars regarding Bitcoin, so from an Islamic point of view we cannot call Bitcoin as haram but there is also a question mark on accepting Bitcoin as halal.

[Dark_raven007]

I do not think that bitcoin earnings are a gamble. It's business. And for a good earning you need to understand the whole system very well and be a part of it. It can only be talented or professional. Those who consider bitcoin a passion, most often just lose their money

[wafer_enak]

In my country is prohibited from transacting and is not prohibited to invest bitcoin. my opinion bitcoin investment is not a gamble because we buy when the price is cheap and our selling price is higher than the purchase price.
We must be good at choosing a place to invest so we are not fooled by the company so we are not paid.

[golek upo]

Bitcoin does have a very volatile price, but I am confused with your opinion, you equate bitcoin with gambling. I am Muslim, and I am trading bitcoin.

[aencarnaci]

1- What is wrong with people coming up with this bullshit
2- muslims are not one group of people adhering to the same rules, there are 1000's of mulims groups, there is no central person or group making these decisions "fatwa"lol
3- mohammad didn't know about bitcoin if he did he would probably own a big chunk lol

Anyway very disturbing people around in this forum lol

For those who want to connect religion with business is foolishness and in my point of view we do not have to allow such questions here. Useless questions wastes your time and we should do our work here in order to lead Bitcoin over all the competitive things in the market. Consider it a forum of advertisements and do not violate the forums rules.

[Dluretic]

Muslims forbid a lot of things.
Most muslims are conservative, so it is perfectly normal for them to ban bitcoin.

[Ray55]

Gambling like all things are prohibited by Muslims. Because these type of things called " Haram" . And they don't  accept "Haram" . But Bitcoin is not gambling.  This is an investment.  Where we all want to fullfill our dream.so I don't think  bitcoin is not forbidden for Muslims. I know some of my Muslim friends who are with  bitcoin. And they all are successful with a good satisfaction. 

[laryillary]

The principles of Islamic banking prohibit speculation and loan interest, as well as financing operations with alcohol and tobacco. Credit organizations that work under these laws directly receive income from the profits of business projects in which they invest.

[Topaz72]

which I know of no "fatwa" which says that bitcoin is off limits to Muslims, but gambling is forbidden because it can harm others and self, whereas in the system of sale and purchase sahah sahah the most important no fraud in buying and selling

That's right, there are indeed many disagreements regarding fatwas. As a Muslim, as long as I do not use a "haram" way like gambling to get bitcoin, I'm sure that's okay. This is a fairly sensitive issue, act wisely, and respect each opinion, and consolidate the decisions we make based on Islamic law.

Well mate in bitcoin there is nothing haram if you are doing it in a fairy way, like earning of bitcoin is for sure very good think if you are making investment only but some people are saying that don’t put a lot of money in bitcoin because it will not get any lose but the profit only so it is haram in this sense for them but I am not going to believe in that for me bitcoin is the profit only and it will have a lot of benefit for everyone if they are Muslim or they are non-Muslim, as I am Muslim I use bitcoin bounty campaign for earning and  I get a lot of income with it,  but I am fair with it, I use my knowledge for earning for earning and not gambling.

[vintages]

I don't have much knowledge about Religion, but surely freedom (with responsibility) and having full control over your money isn't something bad/evil.
Also, buy/sell Bitcoin isn't gambling if you're know what you're doing, especially if you know about Bitcoin's potential (or profit potential)

I agree to this. I don't really believe about Cryptocurrency been a bad or an evil thing but i believe that the reason why the mulism are terming it as a bad thing is because maybe there is no regulation and most scammers are using bitcoin for their evil need. And they feel that involving in it or possessing it would be going against their religion rules and regulation.

[brickafterbrickwalldpt]

We shouldn't disccus political and religious issues here (at least not in this sections) but that's getting more and more ridiculous. Do you really think that muslims are going to sell their BTC right away because some people decided that it is bad because *insert nonsense explanation here*? Does anyone here know if muslims are allowed to use stock exchanges? Stocks could be also considered as gambling because their price is volatile. I can't wait to see Christian priests discouraging people from buying Bitcoin.

[gabbie2010]

As far as bitcoin is concerned it is not gambling which is highly prohibited in Muslim world, be as it may working or trading to earn bitcoin shouldn't be term as illegality let separate religious beliefs with our financial life, this are different entities that are not correlated, hence working to earn bitcoin is not forbidden in Muslim world.

[Bitcoin_Delivery]

this is a mistake. bitcoin for a person is also widely used by Muslims but all are returned to the use of people. branded bitcoin as what and used as what. then we can conclude haram or halal

[Arshanty]

Maybe yes maybe no. Because Bitcoin is not like gambling, if you say it then market share is also a kind of gambling that even Muslims and countries take part. There are things in the world that are standard and everything is moving up and down like gold prices, gasoline prices and currencies from different countries, we can not call all these elements as gambling. So, Bitcoin is also definitely not gambling.

[Abete]

this matter several times could become polemic, especially if appropriate 'fatwa'. but I am sure as long as we use them in balance, and know what our obligations as Muslims. I'm still in a good way. than if you are a Muslim and do no crime or corruption, that's more dangerous.

[crustycrab666]

Bitcoin does have a very volatile price, but I am confused with your opinion, you equate bitcoin with gambling. I am Muslim, and I am trading bitcoin.

Trading is very different from gambling. Trading is based on market analysis, not just taking a price and just relying on luck. Bitcoin can indeed be obtained by gambling, but it is not the only way to get bitcoin, there are other halal ways such as mining.

[kimochidesh]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

I don’t know about any such thing. But what I know is that many Muslims are trading in Bitcoins. Bitcoin is for everyone. Coming to the gambling part, yes Bitcoin have the element of uncertainty, but the securities market (share, debentures, etc.) also have this feature of uncertainty. So, is securities market also forbidden for them?  Uncertainty is the key element of trading. This does not mean that it should not be done because the feature relates to gambling. Don’t over think!

[rosepetals]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

If this is what their beliefs we will respect that but i haven't heard anything about Muslims believe that bitcoin is a gambling for them.I belong in an Asean countries in which Muslims have lived here in our place,i can see that they were business minded.In connection with this I only see bitcoin is a business.We invest and in the near future we harvest.We can say that this is purely business we wants profit on the right time.And i don't see theres nothing wrong with that.

[kyucryp]

Indeed gambling is forbidden to Muslims. But many people think bitcoin is not gambling, bitcoin is just a crypto currency whose price can go up and down. I think it's a trade and not a gambling. Muslims do not ban commerce. I do not really understand religion. But hopefully what I say is true.

[SnapDown22]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

I think it all depends on the view and the mind of the person what bitcoin by following the campaign, the ICO bounty is also said to gambling I do not think we also do the work specified project and we get rewarded from it all

[Royal Jelly]

I do not know for sure but maybe it's just the decision of a large organization that overshadowed Islam in one country only. kosher/halal or forbidden/haram I think it's an individual decision. The most important thing is not breaking the rules (in the community or government rules of a country) and do not commit crime.

[cpoer2011]

Hmm well I disagree with the statement that Bitcoin is forbieedn for Muslims because for me it's not a gambling. I have mining bitcoin, I have earned and the bitcoin I got I sold to the market. I do trading too to buy low sell high, so where is the side that bitcoin is some kind of gambling? For your info I am a muslim.

[hrz]

in the Islamic religion prohibits transactions or buying and selling of existing elements of gambling and there is in disadvantage and there is an element of persecution then the law of sale and sale will be haram or unlawful but if no one is called it then the sale is considered legal or allowed.

[Sinecoin]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Never heard of this and no muslim i know has ever heard of this.  It sounds like something someone said in order to get attention because if uncertainty was forbidden then everything in the world would be forbidden.  If this logic was applied then trading stocks is forbidden so is any sort of investing, so is moving to another part of the country all because of uncertainty.  What people tend to forget is that investing money is not forbidden in Islam its just the act of gambling where you have no clue about what the outcome could be.

[GsxR150]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

So far there is no fatwa from Moslem religious leader for cryptocurrency yet, but the trading principle is the same whether the cryptocurrency, foreign exchange or stock exchange

[starmahafuza]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

there is a lot of controversy regarding the use of bitcoin.Some muslim scholar say it is halal for the muslim while others say nonhalal.But a lot of mislim people are engaging themselves in trading and investment on bitcoin and other crypto.

[kirito1614]

This post truly clarifies A great deal, I truly think there are no religion that are illegal to utilize such innovation and bitcoin itself like you have said I have known numerous muslim companions that are extremely captivating and a few needs to truly figure out how to procure in bitcoin, And I think bitcoin is a hole mender between different religions and as long as you are not doing the wrong thing and not as a result of the conventions include in a religion I truly think it isn't generally taboo.

[esa2782]

well it is the same like paper money actually, it is also has uncertainty but the different is paper money is guaranteed by government and under the law, the fluctuation of paper money is "determined" by the banking system and the government, like IMF for example, so to say that muslims are forbidden to use bitcoin and cryptos as a payment method is quite hard to see the relation, because the basic idea of btc is still for payment, but because the governments are not willing to cooperate and decide to stand as an opposition to btc that make btc nowadays become "collectible" and "traded", and trading is translated as gambling, i mean why stock exchange is not "haram" because the government involved, i think that is the main point that still missing in btc and cryptos ecosystem.

[mustafizur8400]

This question is very complicated and can be answered by
a person who is having sound knowledge in Quoran and Hadith. If I consider Bitcoin is one of the form of investment and return is uncertain then it seems to be like
a business. So doing business is not illegal.

[plasmafrog75]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

In countries like India where there are now practical currency problems, traditional nations do not like the presence of Bitcoin; I think it is possible that these currencies will be the focus of many. Interest from people in low-income countries will not be acceptable to Bitcoin.

[kaya11]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Actually i dont believe,that this bitcoins is forbidden to our brothers muslim to participate this kind of cryptocurrency investment,because as far as i know ,that many of asian country,that mostly 90%  living,there religion is muslim or islam but they join this kind of trading investment,even in the country of india mostly 3/4 of there population is muslim,but they still participating in doing bitcoin,because like us they also want to pursue and achieve there dreams  by the help of digital currency system.

I will root for you, I strongly believed that it is not forbidden. Bitcoin has value now, it's bought like a goods, paper money in early days have no value at all. Now Bitcoin has a value, it is a way payment for other people, and surely for most in the future. It's nothing new, the good Muslims are just aware for their fellow brothers and sisters- they are afraid that they might engage in businesses that have interest or what they called "Riba". There are allowed investments in the Muslim laws, and Bitcoin is an investment, so I think they are good with this kind of investments.

[Nilda]

Investing in bitcoins is not gambling. Totally worlds apart. If you lose your money in a casino, it’s gone forever. In bitcoins, you don’t lose your money until you decided to sell.

[BTR Community]

 Nope. Bitcoin is not like gambling, if you say it is then share market is also a kind of gambling which even the muslim people and countries take part. There is thing in the world which is standard and everything moves up and down like gold price, petrol price and currencies of different countries, we cannot call all these elements as gambling. So, Bitcoin is also obviously not a gambling.

[dewi91]

Indeed gambling is forbidden to Muslims. But many people think bitcoin is not gambling, bitcoin is just a crypto currency whose price can go up and down. I think it's a trade and not a gambling. Muslims do not ban commerce. I do not really understand religion. But hopefully what I say is true.

Yes, I think so. Buy and selling bitcoin is different from gambling. If we buying something and resell by follow the market price then it is allowed. As far as I know Islam never prohibit the people to trade and get benefit, as long as that is sold is not something forbidden like alcohol and other.

[AliMan]

Indeed gambling is forbidden to Muslims. But many people think bitcoin is not gambling, bitcoin is just a crypto currency whose price can go up and down. I think it's a trade and not a gambling. Muslims do not ban commerce. I do not really understand religion. But hopefully what I say is true.

Yes, I think so. Buy and selling bitcoin is different from gambling. If we buying something and resell by follow the market price then it is allowed. As far as I know Islam never prohibit the people to trade and get benefit, as long as that is sold is not something forbidden like alcohol and other.

What are your sources about that statement? I don’t think Muslims are prohibited by investing on bitcoin. There is no direct meaning that bitcoin is a gamble. There is a big difference between spending your time in casino than holding your bitcoin until it increases. Muslims and some religious people are prohibited in gambling but not in bitcoin because it is not gambling.

[XpanderaX]

True what you say, Gambling is forbidden by Muslims. but I do not think Bitcoin is a gamble, if prices go up in the market it's not a reasonable thing. and not just Bitcoin whose price up and down, Basic necessities such as Rice, Oil, and Sugar prices are also up and down! is that also said gambling, is not it ?! that means the rise and fall of bitcoin prices is a natural thing, and that is not gambling.

[imstillthebest]

True what you say, Gambling is forbidden by Muslims. but I do not think Bitcoin is a gamble, if prices go up in the market it's not a reasonable thing. and not just Bitcoin whose price up and down, Basic necessities such as Rice, Oil, and Sugar prices are also up and down! is that also said gambling, is not it ?! that means the rise and fall of bitcoin prices is a natural thing, and that is not gambling.

gambling isnt forbidden to muslim or any other religions as long as it is not an illegal gambling or you arent on duty while playing gambling. bitcoin is not also gambling because bitcoin is a currency (digital ) but bitcoin can also be used a tool in order to play gambling and other risky method of doubling your money (e.g investment , trading, etc ). the price changes of the stocks like rice , sugar , oil is not considered as volatile because they arent fluctuate too much or too often.

[tondenga2122]

True what you say, Gambling is forbidden by Muslims. but I do not think Bitcoin is a gamble, if prices go up in the market it's not a reasonable thing. and not just Bitcoin whose price up and down, Basic necessities such as Rice, Oil, and Sugar prices are also up and down! is that also said gambling, is not it ?! that means the rise and fall of bitcoin prices is a natural thing, and that is not gambling.

gambling isnt forbidden to muslim or any other religions as long as it is not an illegal gambling or you arent on duty while playing gambling. bitcoin is not also gambling because bitcoin is a currency (digital ) but bitcoin can also be used a tool in order to play gambling and other risky method of doubling your money (e.g investment , trading, etc ). the price changes of the stocks like rice , sugar , oil is not considered as volatile because they arent fluctuate too much or too often.

Dude gambling is obviusly haram. There's no profit in gambling, you will all your money if you stay on this.
All investments with predetermined interest, doubling money on HYIP website is also haram.
Bitcoin is not haram as long as you do the good things. Like Trading, Mining is allowed in Islam

[jimbo77]

Maybe it is forbidden for Muslim's in your country and not in mine,  I have alot of Muslim friends who involves themselves so much into crypto than myself,  they talk about crypto to their friends everyday,  and also get people who invest massively. Bitcoin is a means of exchange just like your fiat money,  so I don't see any reason why it would be forbidden to a Muslim.

[zarados]

True what you say, Gambling is forbidden by Muslims. but I do not think Bitcoin is a gamble, if prices go up in the market it's not a reasonable thing. and not just Bitcoin whose price up and down, Basic necessities such as Rice, Oil, and Sugar prices are also up and down! is that also said gambling, is not it ?! that means the rise and fall of bitcoin prices is a natural thing, and that is not gambling.

gambling isnt forbidden to muslim or any other religions as long as it is not an illegal gambling or you arent on duty while playing gambling. bitcoin is not also gambling because bitcoin is a currency (digital ) but bitcoin can also be used a tool in order to play gambling and other risky method of doubling your money (e.g investment , trading, etc ). the price changes of the stocks like rice , sugar , oil is not considered as volatile because they arent fluctuate too much or too often.

Dude gambling is obviusly haram. There's no profit in gambling, you will all your money if you stay on this.
All investments with predetermined interest, doubling money on HYIP website is also haram.
Bitcoin is not haram as long as you do the good things. Like Trading, Mining is allowed in Islam

is there any reference proving that Islam allows bitcoin trading and bitcoin mining? if any please show me, articles, youtube ect. Because based on the video that circulated about the views of Islam on cryptocurrency is negativ and recommended to be shunned. because the bitcoin itself is not obviously haram, but bicoin trading is considered haram because it has the element of gambling inside.

[jamesmitsui]

Gambling is forbidden in Muslims. But bitcoins are like stocks, always waiting for a good price to sell. If bitcoin is not used by Muslims, it does not matter. Because there are still many people who can use bitcoin.

[xiboothrezi]

What are your sources about that statement? I don’t think Muslims are prohibited by investing on bitcoin. There is no direct meaning that bitcoin is a gamble. There is a big difference between spending your time in casino than holding your bitcoin until it increases. Muslims and some religious people are prohibited in gambling but not in bitcoin because it is not gambling.

You are right. When referring to the time of the Prophet first, there is also a currency trading, which is a dinar and dirham. As long as it does not violate the law of commerce then it is "halal".

[PS45]

because they want to keep people out of the technology but i think its not going to work for them by the time .

[lani123lani]

as far as I participated in the new bitcointalk I first heard bitcoin forbidden to Muslims. because I do not think it has anything to do with bitcoin with Muslims. because bitcoin is not like gambling. I think no religion is forbidden to use bitcoin and technology. like I am a Muslim and my friends are also mostly muslim. so in my opinion there is nothing to do with bitcoin that is forbidden to Muslims.

[RawDog]

Maybe it is forbidden for Muslim's in your country and not in mine,  I have alot of Muslim friends who involves themselves so much into crypto

A lot of your muslim friends also involves themselves in anal sex with their camel too but that doesn't make it halal.  Bitcoin is Haram!  The boss said so.  If the Imam don't dig it - you can't just look around to what your friends are doing and pretend it is OK.  Otherwise, you'll end up fucking your own camel in the ass too. 

[dedmaroz]

The primary goal of Bitcoin is to build free economy and to set the society free from oligarchs and national regulators. That is not a secret that some people turn the Bitcoin trading into gamble, but this does not cast aspersions on the Bitcoin. So, I guess, muslims will have no problems with accepting cryptocurrency.

[Topaz72]

What are your sources about that statement? I don’t think Muslims are prohibited by investing on bitcoin. There is no direct meaning that bitcoin is a gamble. There is a big difference between spending your time in casino than holding your bitcoin until it increases. Muslims and some religious people are prohibited in gambling but not in bitcoin because it is not gambling.

You are right. When referring to the time of the Prophet first, there is also a currency trading, which is a dinar and dirham. As long as it does not violate the law of commerce then it is "halal".

Well you have nice point of view, it is true that bitcoin has a lot of feature which has different functions but bitcoin itself is not haram, if you use bitcoin by job but not to waste your money to earn without lose. price of bitcoin use to change but we will have to earn halal from bitcoin don’t use bitcoin as gambling you can use bitcoin as job for earning, join signature campaign and bounty campaign at the same time you can use bitcoin for buying goods and for shopping purpose.

[zarados]

What are your sources about that statement? I don’t think Muslims are prohibited by investing on bitcoin. There is no direct meaning that bitcoin is a gamble. There is a big difference between spending your time in casino than holding your bitcoin until it increases. Muslims and some religious people are prohibited in gambling but not in bitcoin because it is not gambling.

You are right. When referring to the time of the Prophet first, there is also a currency trading, which is a dinar and dirham. As long as it does not violate the law of commerce then it is "halal".

Well you have nice point of view, it is true that bitcoin has a lot of feature which has different functions but bitcoin itself is not haram, if you use bitcoin by job but not to waste your money to earn without lose. price of bitcoin use to change but we will have to earn halal from bitcoin don’t use bitcoin as gambling you can use bitcoin as job for earning, join signature campaign and bounty campaign at the same time you can use bitcoin for buying goods and for shopping purpose.

agree, this is what I mean from the beginning and very few people understand. Good or bad the bitcoin depends on how we get it and how we use it based on the actual function of the bitcoin itself. When we get it from work, it means it's good or lawful, then we use it to buy things as needed, it's also the right thing to do. Another case if used for negative things that can cause losses.

[maximkretov]

Egypt has issued a fatwa prohibiting legitimate use of bitcoin
On the eve of the New year, the adviser to the Egyptian General mufti issued a fatwa (religious decree for Muslims) prohibiting the use of bitcoins in financial transactions.

[InahC]

I really don't believe that Bitcoin is really banned or forbidden to the muslim, because of the Bitcoin volatility.
Yes, Bitcoin is like gambling because you are uncertain whether you are going to gain or going to loss some money, But I think this rules goes to investing and business as well, because as we all know, in the field of business, we can't really know whether we are going to gain or not, Or whether your earning from this business is really permanent, Like what happens to Boracay Island in the Philippines, Because as many of you know, the Island has been close for tourism for several months because of the rehabilitation of the island. And many of the business in the Boracay are going to be destroy because of this.

[Komaci]

There are several country that says bitcoin is forbidden but I think it's depends on the way how you  earn  bitcoin, gambling or not?

[hosseinimr93]

Visit the link below on news.bitcoin.
https://news.bitcoin.com/research-paper-declares-bitcoin-compliant-with-shariah-law/

According to this article, owning bitcoin is compatible with Islamic finance but ICOs are not advised.

[jpnl0002]

the blockchain technology was not designed for a particular group of people or a particular religion, it is a global decentralized financial system that works for anyone who decides to partake in the technology. if a particular group of people decide to keep off the technology, is does not in anyway get religious. thanks

[Yarsk]

Well Muslim as a religion has rule and regulations what is accepted and what is not accepted and bitcoin with It volatility nature is most times seen as an evil platform and a means of carrying out evil transactions in the dark market and at that bitcoin is term as an evil technology to must Muslim countries.

[Thymoty]

I don't really understand about Muslim teachings, but if what Bitcoin means is used for gambling or any other crime,
I think that is unlawful is the action, not the Bitcoin...

[lepbagong]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

then that bitcoin has a tendency of uncertainty that I will agree!

Many of my colleagues are also a Muslim and I do not see it as a thing that is considered a ban for them, there are also many who questioned things like this, for every indivindu may appreciate himself against it. as long as it is to search for daily life consider it as a wage of labor. maybe somebody else's response is normal.

[Invester]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Perhaps we should listen to our muslims brothers and sisters. My opinion on this is that this is not a correct analysis. Gambling cannot be used in Bitcoin and Bitcoin is obviously not gambling. It does not logically follow that since there is uncertainty in Bitcoin, it is already gambling. If that is how you understand it, then everything in life is a gamble because everything is pretty much uncertain in this world. Well, to a certain extent, you are correct because this world is really full of uncertainty and it takes courage to risk and gamble. But that is not the "fatwa" means.

[danggoron]

Perhaps we should listen to our muslims brothers and sisters. My opinion on this is that this is not a correct analysis. Gambling cannot be used in Bitcoin and Bitcoin is obviously not gambling. It does not logically follow that since there is uncertainty in Bitcoin, it is already gambling. If that is how you understand it, then everything in life is a gamble because everything is pretty much uncertain in this world. Well, to a certain extent, you are correct because this world is really full of uncertainty and it takes courage to risk and gamble. But that is not the "fatwa" means.

As a Muslim, as long as the way I use does not violate my religious rules, then I am very confident with what I do. Cryptocurrency is something new, a lot of opinions about this, I am referring that once Rasulullah also allowed the existence of currency trading. So, it will not be a sin as long as it does not violate trade in religion.

[Aryadwipanggah]

as a Muslim I am dealing with a fatwa must be based on two sources in Muslim that is alqur'an and hadith, but I do not see from these two sources forbid bitcoin, if the fatwa depicts bitcoin of a gambling, instead I do not see bitcoin a gambling identical speculation . it is said to be a gambling if it is any element of speculation and do not understand by wishing a luck. while bitcoin can we learn when we have to trade by basic trading through chart reading. so I think bitcoin is not gambling but trading depends on buyer and seller not a gambling-like speculation on his general.

[Kidmat]

I don't really understand about Muslim teachings, but if what Bitcoin means is used for gambling or any other crime,
I think that is unlawful is the action, not the Bitcoin...

Actually this is the first time I have ever heard claims about bitcoin forbidden to muslim. As far as I know it does okay once they did not break the rules and regulations on their religion. They should treat bitcoin as also in investment not a gambling section on this matter.

[yugyug]

Bitcoin is decentralized and nobody owns it and it discriminate no one. Regardless of religion, cultures and beliefs bitcoin is acceptable by anybody. I don't think that large Muslim communities forbid to use bitcoin.
Bitcoin is a commodity and doesn't violate any religious beliefs so why does it forbids to our Muslim brothers ?
I see many Muslim brothers here who participate in this bitcoin community and i don't think if they violate their faith and beliefs.

[jaylhynne018]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

i think that was wrong because bitcoin is not a gambling and muslims is have no right to judge bitcoin so bitcoin is not a forbidden it was a great crypto.

[Rossy Akbar]

Well,  every single community whose in charge in government base really easy to make a regulation "fatwa". But here's the thing, buy and sell have been already from the past,  in bitcoin there are many way to earn coins and make some money, if you get it from the right way which is allow in your religion  I think is fine. But if you get it from betting, prostitute etc it would be forbidden in Islam.

[signup01]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

many people are bad-minded I do not think I invested by following some ico, and the campaign in return that not so much it also takes time to mind what it is also called gambling

[Collinberg]

Everything in life has a certain level of uncertainty,even leaving your house everyday is a gamble because many people leave their house daily and dont return safely,does that mean living is a gamble? That is something to really ponder.

[cotton ball]

it is controversial if certain religions are often disputed with stock markets, fluctuations, even conventional banks, but they turn a blind eye if the current price of currency is clearly determined by global market fluctuations, the value can not be made individually and constantly changing following the volume flow. In this case the bitcoin fluctuation rate is greater than anything else, but this coin is not a gambling medium and can still be refined in regulation, they must be open to innovation technology or will be abandoned by globalization.

[btcrut2017]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

I hope that bitcoin is not forbidden for our muslim  brothers and sisters becs. Bitcoin is not gambling. It is better to let everyone involved in bitcoin so that everyone can have profit also. 

[DoublerHunter]

I don't get it why there is something like this that forbids the other religion to get into bitcoin because there is no bad thing about bitcoin and there is no biblical thing that forbids them to use bitcoin because if there is one existing then a lot of people use it to protest to ban bitcoin or to just stop it but until now, bitcoin is still alive and kicking and it doesn't deserve to be forbidden to other people.

[keninu]

Muslims do not ban Bitcoin and Cryptocurrency, but Muslims forbid gambling. that's why every project runs in the sparse gambling area of ​​the Muslims who follow it, because in the religion of Islam gambling is a sin, because it can harm others. then I want to ask here, is Bitcoin and Cryptocurrency included Gambling ?! if in my opinion the answer is NO !.

[Sar elok]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

I think, bitcoin is much different with gambling. Understanding gambling: there is a party which is aggrieved and there are parties who benefit simultaneously. Are there any of the perpetrators of the bitcoin benefitting and who feel aggrieved at the same time? I don't think so.

[Breackup]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Actually i dont believe,that this bitcoins is forbidden to our brothers muslim to participate this kind of cryptocurrency investment,because as far as i know ,that many of asian country,that mostly 90%  living,there religion is muslim or islam but they join this kind of trading investment,even in the country of india mostly 3/4 of there population is muslim,but they still participating in doing bitcoin,because like us they also want to pursue and achieve there dreams  by the help of digital currency system.

This post really explains A lot, I really think there are no religion that are forbidden to use such technology and bitcoin itself like you have said I have known many muslim friends that are really engaging and some wants to really learn how to earn in bitcoin, And I think bitcoin is a gap mender between other religions and as long as you are not doing the wrong thing and not because of the traditions involve in a religion I really think it is not really forbidden.

You are right.I do not think so. Bitcoin is open for all communities. As far as I know, Bitcoin has been recognized in many countries. Most of those people are Muslims. Besides, 95 percent of Muslims who are involved in Bitcoin in my country. Bitcoin is a new technology which is managed by the internet. And the internet is for all the people. There are no community restrictions. Many of the people who are growing in number of Bitcoin are increasingly being Muslim. I am also a Muslim. I'm working here too. And the people around me who are interested in learning are Muslims. So it can be said that people of all religions can work in Bitcoin.

[wozzek23]

as far as I participated in the new bitcointalk I first heard bitcoin forbidden to Muslims. because I do not think it has anything to do with bitcoin with Muslims. because bitcoin is not like gambling. I think no religion is forbidden to use bitcoin and technology. like I am a Muslim and my friends are also mostly muslim. so in my opinion there is nothing to do with bitcoin that is forbidden to Muslims.

Regarding bitcoins, I don’t see any kind of bad image for which they say it is not legal for the Muslims or any religious nation. But I think every religious country has banned bitcoins and they are not making any move for their citizens to even deal with them. Better is to review this decision because there is nothing bad in this currency against which they just have made such restrictions.

[bitfocus]

Investment and gambling are two very different things - Muslims should understand this. You can use your money for INvestment to gambling - same with Bitcoin.

[ReiMomo]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

If you call Bitcoin is gambling and Muslim people are forbidden what about currencies, they also serves the same volatile market as like Bitcoin. We cannot call Bitcoin as gambling due to the price fluctuation, we can put all the trade market, share market can currency conversion on daily basis as gambling too. Even the oil prices are fluctuation in this matter.

[Aeneous]

Why would you say so? The muslim religion forbids gambling but bitcoin is not gambling, it is investing and making profit off of your money that you invested into the market.

[psk07]

Just chickens to laugh. How does bitcoin refer to Muslims? You have to be a prude that would weave religion to the digital currency.

[RawDog]

Why would you say so? The muslim religion forbids gambling but bitcoin is not gambling

Imam says "The Shareef don't like it" - Bitcoin is Haram. 

Some moron does a 'research paper' to prove it is OK.  But he ain't no Imam.  Bitcoin still Haram. 

[risa33]

I, as a Muslim, do not think that Bitcoin is not gambling but it is a digital currency of decentralized assets. indeed I live in Indonesia many of the issues that say 'fatwa' is that Bitcoin is gambling. but I firmly adhere to that Bitcoin is investing for the future with its advanced technology.

[calum holding25]

Is it serious? that faith is strange. and then there's this. although this is expected of them, it is the first faith that openly asks for people to be killed for Allah's sake. God forgive me!

[RodeoX]

Bull shit. Bitcoin is not haram. Nor does the OP know anything about Islamic law. I have plenty of friends in the middle east who use bitcoin all the time. Loans are forbidden, gambling is forbidden, but not bitcoin. By the way, Christians who use loans are dammed to hell. But who gives a f#@< about 2000 year old superstition? That's bible law, not mine.

[nadeemktk]

According to the paper “Bitcoin in Islamic Banking and Finance” by Charles W. Evans,

“The relationship between a distributed, autonomous Blockchain management systems (BMS) like Bitcoin—also referred to as a 'virtual currency'—and Islamic Banking and Finance (IBF). It shows that a BMS can conform with the prohibition of riba (usury)—as Bitcoin does—and incorporate the principles of maslaha (social benefits of positive externalities) and mutual risk-sharing (as opposed to risk-shifting). With regard to maslaha, the world's unbanked number in the billions and represent the majority of the world's adults.”

What is more Bitcoin may be more Halal than modern fiat money. Matthew (Blossom Finance, a fintech startup based in Indonesia.) puts it quite clearly as he remarks, “Bitcoin is more halal than any currency in wide circulation today but probably still falls short of the strict and narrow definition of money in Islam. Modern sovereign currencies are based on debt with usury - this is strictly prohibited in Islam. Therefore, all modern money is not halal. Bitcoin, on the other hand, is not based on debt - it's based on a proof of work - and this is at least not haram (impermissible).”

[untugede]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

If you call Bitcoin is gambling and Muslim people are forbidden what about currencies, they also serves the same volatile market as like Bitcoin. We cannot call Bitcoin as gambling due to the price fluctuation, we can put all the trade market, share market can currency conversion on daily basis as gambling too. Even the oil prices are fluctuation in this matter.

I agree with you, I also do not think that bitcoin is a gambling, we are investing or trading I think it is not gamble, in the crypto world there is a market and in that market we can trade that is to buy and choose one of the coins in the market , just as we do in the real world we trade in the market by selling or buying goods to make a profit, is that also you say gambling?

[sampalokmix]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Im so sorry about that, for me its a huge loss to their part cause this currency serves as one of the major factor why people nowadays are earning, and even though Bitcoin was categorize as gambling I think they can still be able to used it on investments, this is such a blessing we should not speculates wrong ideas regarding this.

[RodeoX]

https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-islamic-law-muslims-cryptocurrency-market-permissible-sharia-news-price-surge-a8302761.html

 

[RawDog]

Bull shit. Bitcoin is not haram. Nor does the OP know anything about Islamic law. I have plenty of friends in the middle east who use bitcoin all the time.

Plenty of your friends in the middle east are fucking camels up the ass.  That doesn't make it halal.  Imam says haram.  Haram.  Fatwa says haram.  Haram. 

Even if OP doesn't actually know anything about Islamic law - apparently you don't either since your follow on sentence is no indication at all that it is halal - Bitcoin is haram because Imam says it is.  That is the end of the story.  You want to be a sinner?  Go ahead.  You want to fuck a camel in the ass?  Go ahead.  You want to use Bitcoin?  Go ahead.  But this doesn't improve the situation regarding whether the religion leaders have spoken and they say haram. 

[Betwrong]

A similar topic was discussed 5 days ago here: https://bitcointalk.org/index.php?topic=3307887.0

In short, in the 22-page working paper which discusses Bitcoin and Islamic finance compatibility, they came to conclusion that Bitcoin and cryptocurrency cannot be declared haram (impermissible) based on the fact that they experience speculation. They say if this principle was valid and applied, then trading in gold, silver, USD and Euros would all be ruled impermissible, since those assets also experience extreme levels of speculation.

You can find the whole parer, Sharia Analysis of Bitcoin, Cryptocurrency, and Blockchain following the link below:

https://docsend.com/view/x4ayq52

[Tyrantt]

anybody ignorant enough to be religious has no place in the future, so good riddance. Even those most fundamentalist will come around once the system becomes mainstream (if it ever does).

It's pretty ignorant so say something like that at all. Religious extremism has no place in the future, religion by itself is more of a culture now.
Just because someone's religious in this time, that doesn't mean that they're still living in the middle ages. Tho, there are people that chose to do so by themselves.

[Yassin]

maybe my opinion is different from you because I got the news that I read in instagram that there is research that revealed that bitcoin is kosher according to syariat islam, because this research has wide potato market potency reaching 1.6 billion muslim all over the world. the result of this research is done by blossom finance in Indonesia.
that's my knowledge about bitcoin halal and forbidden for Muslims.

[Free1bitco.in]

no, Muslims do not forbid bitcoin, bitcoin does not gamble, and if the reason is because bitcoin does not have the wrong price of pork, it is true that gambling is forbidden.
something to be understood. fiet money is legal. if to buy food of course the result is not forbidden, if we use for gambling then the result is forbidden, if we use for alms the result be good to help others, we can assume with bitcoin same as banknote

[codpku]

Exactly no my friend
Bitcoin not forbidden for muslim
In trading we all know that forex or exchange stock already exist before bitcoin and it allowed
It depend for what bitcoin use to
If for something bad ofcourse that was haram and if good i think thats okey

[KingScorpio]

Exactly no my friend
Bitcoin not forbidden for muslim
In trading we all know that forex or exchange stock already exist before bitcoin and it allowed
It depend for what bitcoin use to
If for something bad ofcourse that was haram and if good i think thats okey

there will be different thoughs from muslims schollars, though agreeing and disagreeing

humanism environement leening islam can in some cases under some considerations oppose it.

[Javed zaman]

Anything that is related to gambling and can be done without gambling then it is not forbidden or wrong. As long as we do not gamble or do wrong stuffs then it is right.

[Sexie]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?
[/quote



I think it will not be forbidden just because it is volatile. INvesting or buying bitcoin is not a form gambling. It is something a way of doing a kind business, to gain profits.If they will use it for gambling like in some other site of bitcoin online gambling bitcoin casino , then it will be forbidden. It is just being risky to invest. It is just up to you if wanna hold it or release it in good timing.
 

[RodeoX]

Bull shit. Bitcoin is not haram. Nor does the OP know anything about Islamic law. I have plenty of friends in the middle east who use bitcoin all the time.

Plenty of your friends in the middle east are fucking camels up the ass.  That doesn't make it halal.  Imam says haram.  Haram.  Fatwa says haram.  Haram.  

Even if OP doesn't actually know anything about Islamic law - apparently you don't either since your follow on sentence is no indication at all that it is halal - Bitcoin is haram because Imam says it is.  That is the end of the story.  You want to be a sinner?  Go ahead.  You want to fuck a camel in the ass?  Go ahead.  You want to use Bitcoin?  Go ahead.  But this doesn't improve the situation regarding whether the religion leaders have spoken and they say haram.  

So how much did you lose this year? You sound really angry. Perhaps converting to Islam will bring peace to your heart. It may also open the world to you. My friends in the mid-east know a lot more about you than you know about them.
 

[Leyss]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Since recently, the Crypto-currency has been actually permitted for the use of Muslims. Recently, a study approved by the Mufti of Muslims has been published, that the crypto currency is in compliance with the norms of the Sharia, and therefore it can well be used by Muslims.

[JennetCK]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

I don't believe this. I have a friend who is muslim and his religion is Islam, they don't have a rule about forbidding bitcoin or creating any transaction. My friend is still continuing what he was doing and he laughed at this post when he read it. No rules in their religion about this and that's a fact.

[gates]

It is the result of misunderstanding what bitcoin is and identifying it like gambling. Hope, it is temporary.

[Bakulman]

I am a muslim. first i would like to ask for forgiveness if my own understanding about bitcoin will lead me to commit sins.I think bitcoin is not haram beacause we are investing in digital currency for the purpose of earnings because we earn through the outcome of the project if it is successful.we are not putting our bets on a roller ball or playing poker. Besides we are buying tokens that is for trading transactions purposes, we are not making money through lendings and gain by monthly interest. Bitcoin and alternative Tokens are like product you bought it then sell it for you to earn.

[Sahyadri]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Why do you even have to bring religion into something like this? At times it is better to keep your personal faith away from the practical life.
This way, you can link almost everything to your religion and won't be able to enjoy your life the way it is.
After reading your post I looked up on the internet since I have so many Muslim friends who do regular trading on exchanges. I couldn't find anything to support your claim and hence Bitcoin is as legal for Muslims as it is for everyone else.

[neymarjunior50]

i dont know it but you can try to chek your muslim law

[Karmakid]

I am not actually aware of Muslim's religious law or regulation. However, we all know that all Muslims are highly religious and they always make sure to abide to their law. We cannot do anything if they view cryptocurrency against their religious belief. But, we all know that times change, and so as beliefs. If massive adaptation can happen, who knows if crypto will be accepted by Muslims too.

[freshm4ker]

For me there are a number of Muslim countries that accept BTC and some even make more improvements in it as it is not an authentic claim that only misleads the masses but bitcoin can make them to the prosperity of Muslims all over the world.

[Sonai Moni]

Actually i dont believe,that this bitcoins is forbidden to our brothers muslim to participate this kind of cryptocurrency investment. A.s far as i know ,that many of asian country,that mostly 90%  living. Religious belief pertains gambling as betting unto something or waging things in order to have some money and mostly relying on one's luck.  Fatwa is a legal position on some issue formulated by representatives of the Muslim clergy. It has no legal power, but it has influence among believers.

[Linda toraja]

I do not believe what you say, I am Muslim and I believe that bitcoin is not the same as gambling, bitcoin is an investment that I think is like gold, in the world of gold price trading also fluctuate, is gold forbidden for Muslims? if the price of gold up and down is not forbidden for Muslims then bitcoin is the same

[Ahed.s]

It's my first time I hear something like this ? Why it would be?

[jmiro1]

I don't think it true. The fatwa or rules was not to do gambling as far as I know. Gambling is gambling, it is not difficult for anybody to draw the difference between gambling and risk and investment. Bitcoin is volatile that's true but it means bitcoin has more risk and it is more risky, but it doesn't make it a gamble.

[Name: Claudio]

Depending on how Bitcoin is used, Muslims can also use it or join or invest it since we gamble our finance for our income for our daily lives that's a fact, but when we gamble and bet for your finance for income and pleasure that another thing!

[GregoryPorter]

This is only if you listen to radical Saudi preachers. If anything bitcoin is way more 'halal' then almost any other form of currency on earth. In islam interest is a big no no and all of our banks are run on interest.

[Aragorn_125]

Any other currency has the same trends. The same dollar has jumps and people play on it. The exchange was long before the appearance of bitcoin. So I do not consider bitcoin a real danger

[bitbunnny]

I'm not a Muslim and not so familiar with that faith but I don't think that Bitcoin or cryptocurrencies are forbidden for them. At least I haven't heard something like that so far. Maybe in some extremly radical opinions. Like some here has said if it's not connected with gambling or some dishonest behaviour it shouldn't be forbbiden.

[fuding12]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Actually I do not agree with that, because bitcoin have much in common with gold.

Bitcoin and gold have a high value not because of any physical basis, but rather the belief of the whole society in the world that holds it.

And when talking about  the volatile bitcoin price, I think, Volatility like that is something reasonable for a new asset on the market like bitcoin.

If we see how the volatility of gold prices when newly released in the era of Nixon government, Compared to the value in those days, the price of gold now has recorded growth of up to thousands of percent.

And.. If Bitcoin is able to stabilize its price, then it is possible that in the future there will be growth consistency that can be expected.

[HitbtcSCAM]

GOD does not care if you use a online digital protocol or currency.He cares about if you accept salvation from your sins/demons through his path Jesus Christ. Only Jesus can save you from the demons that are keeping billions of humans as slaves.I am someone who has done exorcisms on drug addicts and porn addicts.In Jesus name it is possible not in allah or satans name.

John 8:47

“He that is of God heareth God's words: ye therefore hear them not, because ye are not of God.”

Dont worry about some digital protocol like bitcoin worry about the fact that you and your musilm people are blinded by demons that only want to lead you to the afterlife without accepting the cleasing of demons that only Jesus can do. That is if you are with the GOD of the creation not the god of this modern world (satan) = the banks , governments catholic church etc.

[karisiak123]

whether there is a prohibition rule that a Muslim should not access bitcoin.
I do not think so. there is no mistake that Muslims can also participate in bitcoin.
because here we are all equally looking for profit in getting the money for the desired and invest in bitcoin

[ahiaba.john@yahoo.com]

I don't believe this is true simple because Moslem does many type of business for profit making and bitcoin trading is not an exception. Bitcoin trading is not all about duping people or killing or stilling which Islam forbidden.

[pinoyden]

I don't believe this is true simple because Moslem does many type of business for profit making and bitcoin trading is not an exception. Bitcoin trading is not all about duping people or killing or stilling which Islam forbidden.

i oftenly see muslims selling pirated dvd's on the sidewalk and on the public market , aside from that they also sell fake jewelries , cloned cellphones , accesories  , and general merchandise. muslims are actually business minded persons and i also believe they do also crypto trading , investing or any other profitable business related to cryptocurrency.

 bitcoin and crypto are i think not restricted on them because internet is available anywhere in all parts of the world and anything can access or buy/use crypto as long as they have internet conection and electricity as well.

[qtronix]

Religions sometimes have very strange dogmas and concepts, but it's not up to us to judge. If Muslims observe this, it is their right.

[KuraJamban]

They dont know how the way we get our btc. They think that gambling is a part of getting BTC, but it's not.
We have many ways to get btc. Trading especially, we doing buying selling like a normal people do. Trading isn't illegal in Islam so it depends on us how do we get it. Of course, in a way that is allowed in Islam

[aryaadikariyansyahsuwarto]

that's right, one of those elements is what makes bitcoin so forbidden for us Muslims. especially if we use capital to buy the bitcoin is very clear that it is like gambling. but I'm still confused, what if we do not invest, or we just as a bounty hunter, because the prize hunters do not spend capital, and we obviously obviously work to get it, work ditwitter, facebook, telgram, selling blogs, translations and more. and we do deserve to be paid for our work, is it still prohibited ..?

[Krispin47]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

I really think there are no religion that are forbidden to use such technology and bitcoin itself like you have said I have known many muslim friends that are really engaging and some wants to really learn how to earn in bitcoin, And I think bitcoin is a gap mender between other religions and as long as you are not doing the wrong thing and not because of the traditions involve in a religion I really think it is not really forbidden.

[Dek Aireen]

In the concept of currency, there is nothing wrong with bitcoin, so Bitcoin is clearly halal as a medium of exchange of goods.

In Islam there is no rule about what is the medium of exchange. They can be gold, silver, dates or wheat. The important thing is that the stuff is not unclean and is found in the right way.

Bitcoin can become haram when the process gets it in a haram way; gambling, cheating, money laundering or illegal transactions.

[bitterguy28]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

I heard one muslim country ban bitcoin because of the same reason thinking about bitcoin as currency, bitcoin investing is a gambling not an saving because is high volatile up and down the price.

[samycoin]

Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?

Actually i dont believe,that this bitcoins is forbidden to our brothers muslim to participate this kind of cryptocurrency investment,because as far as i know ,that many of asian country,that mostly 90%  living,there religion is muslim or islam but they join this kind of trading investment,even in the country of india mostly 3/4 of there population is muslim,but they still participating in doing bitcoin,because like us they also want to pursue and achieve there dreams  by the help of digital currency system.

I agree because if bitcoin is forbidden to Muslim why still want to invest and use bitcoin. Because we all know that bitcoin is a big help to them too it comes in financial status. And I think not all are using bitcoin in gambling so still is not forbidden.

[vonnyaries]

some of my muslims friend said that bitcoin is not a forbidden but the other said that bitcoin is forbidden, because bitcoin don't have a physic shape. i not muslim and i don't know about the rules in muslims, i think you should ask the religious people to confirm about this condition

[DoublerHunter]

some of my muslims friend said that bitcoin is not a forbidden but the other said that bitcoin is forbidden, because bitcoin don't have a physic shape. i not muslim and i don't know about the rules in muslims, i think you should ask the religious people to confirm about this condition

I don't think why they are forbidding bitcoin to muslims because there is no boundaries in bitcoin because the only matter here is the willingness of using bitcoin and not your religion so even though you are religious or an atheist, as long as you want to use bitcoin then you can use it because bitcoin doesn't give any bad things to any people.