Bitcoin is forbidden for 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