Bitcoin is forbidden for Muslims

[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?
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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