Bitcoin is forbidden for Muslims

[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.