Is Bitcoin Halal or Haram: A Shariah Analysis

[KingScorpio]

I am a Muslim and do not understand Islamic syariat in depth. before I know bitcoin I invest and trading FOREX and a friend introduce me with bitcoin and trading bitcoin and altcoin here I can say bitcoin halal karna from transaction aspect no usury and fund which we ivetasikan can not be lost and burned because the price reduction as FOREX

sharia cannot be understood it never was final, there are some historic parts like amputation for theft,

etc.

sharia can be achieved in multiple ways, currently many muslims apply a humanist interpretation of sharia.

this is completely different compared with the historic sharia which main goal was the expension of wealth and power for the muslim nobility.

regards

[boled]

I am a Muslim and do not understand Islamic syariat in depth. before I know bitcoin I invest and trading FOREX and a friend introduce me with bitcoin and trading bitcoin and altcoin here I can say bitcoin halal karna from transaction aspect no usury and fund which we ivetasikan can not be lost and burned because the price reduction as FOREX

sharia cannot be understood it never was final, there are some historic parts like amputation for theft,
etc.
sharia can be achieved in multiple ways, currently many muslims apply a humanist interpretation of sharia.
this is completely different compared with the historic sharia which main goal was the expension of wealth and power for the muslim nobility.
regards

you are absolutely right, just like the law then it all depends on the wearer, if you have any knowledge about the matter related to this matter, please divide deeply here. I would be happy to accept it. maybe it can help other friends, so that everything becomes clearer.

[RawDog]

Is fucking 9 year old little girls halal or haram?  

Do you think muhammed cared when he was nailing Aisha about such things?  I think Bitcoin is a little less bad than pedophile.  Carry on.

Totally halal...
" Aisha was six or seven years old when she was married to Muhammad with the marriage not being consummated until she had reached the age of nine or ten years old"

[boled]

The idea of ​​creating a new currency based on cryptography. Another use of cryptography can support people's lives in the field of buying and selling digital currencies called cryptocurrency. Cryptocurrency is a digital currency that is not regulated by the government, and does not include the official currency. This concept is the basis in the birth of digital currencies that we are currently familiar with the term Bitcoin, which is used as a means of payment like the currency in general.
Pros and cons regarding the use of Bitcoin currency as a means of payment, occurs not only in Indonesia, but also in other countries. This is because Bitcoin has not fulfilled some elements and criteria as currency applicable in Indonesia. Bitcoin is also not a currency issued by the state, but issued through the cryptography system of computer networks. In terms of being, Bitcoin is not a coin, paper, silver or gold.
for me personally, bitcoin is legitimate and lawful, as long as bitcoin is not used for the purpose of speculation, cheating, and other criminal purposes. halal to be used as an investment tool, to be halal which requires similar currencies and values ​​to be the same and cash is also fulfilled because Bitcoin transactions exchange currency between Bitcoin. unless otherwise different, the bitcoin may be exchanged for Rupiah, Dirham, United States Dollar or any other currency.
If viewed from the point of view of the advantages and disadvantages of Bitcoin have both if used as currency, namely the absence of a legal umbrella that regulates the circulation of Bitcoin currency. In addition there is no single institution that is responsible if there is abuse against Bitcoin such as theft, money laundering, fraud, and other criminal acts. Bitcoin has no recognition of national borders, is unaffected by political conditions in government, acts as a protected value of inflation, and as a new form of community savings that is applied with a system that is not troublesome because the role of the bank as an intermediary has been eliminated.

this I still not understand, I still need to learn a lot about cryptography and blockchain, in fact I also have not really understand about bitcoin. right now i'm reading a lot of sources about bitcoin. my understanding is still limited about maker, supplay, wallet, and bitcoin market. including about the basic functions and laws of money in a country.

[boled]

Is fucking 9 year old little girls halal or haram?  

Do you think muhammed cared when he was nailing Aisha about such things?  I think Bitcoin is a little less bad than pedophile.  Carry on.

Totally halal...
" Aisha was six or seven years old when she was married to Muhammad with the marriage not being consummated until she had reached the age of nine or ten years old"

I honestly agree with you, kosher.. halal. but please, do not take this topic in a sensitive direction. this is not about Muhammad.SAW. it's about how bitcoins can be clearly understood by everyone. and Muslims not hesitate when they want totality to digging, studying, owning and exploring the bitcoin and blockchain. I am sure we will be happy if all can unite, have the same view about bitcoin.

[gusnulyadi]

I am a Muslim and I am still a layman of Islamic shariah, but I conclude that bitcoin is a form of advancement, in which the buying and selling process begins with the barter process, barter removed after the invention of paper money or metal currencies, and now the era Modern emerging digital currencies as a means of transaction.
Bitcoin itself has met some requirements to be a tool of transactions, but not everyone can receive technological progress.
To make halal bitcoin is only a matter of time, just as it was the first time the internet surfaced.

[RodeoX]

Gambling is forbidden to all Christians and Muslims, as is loaning money.  But money is not forbidden. Now in reality there is no god so we are just talking about the ideas of men.

[gawuk]

Bitcoin is an asset or an item. In Islam buying and selling or exchanging money with goods is lawful provided that done in cash. In this case the sale and purchase of bitcoin is in accordance with the law.

[pleght]

How ridiculous is this topic.I think bitcoin is an investment source.How could an investment source be a hurdle?I think it's ridiculous to block investments with this kind of ridiculous thoughts.

[Ferry22]

my understanding of sharia is still superficial, but I think as long as it does not harm other people Bitcoin it can be lived by Muslims. About the price that can go up and down quickly, it is the effect of a crowded market situation, if the market is quiet the price will also be stationary.

[Simon Eaton]

This whole debate around crypto being halal is very skewed I think. People think that 1.8billion muslims around the world have been waiting for the blessing of a cleric to get involved. This is preposterous, first of all not all muslims are the same, and they don't all follow the same clerics. On top of that just based on where I live and the conferences I attend and there a loads of muslims in attendance!

[lmodric]

the law in Islam is haram.halal.muba.dan makruh.
the scholars differed in giving a fatwa to Bitcoin.
where the majority of scholars allowed Bitcoin because of the proposition that Bitcoin is sufficient to become a medium of exchange. and there is another scholar who says haram by saying that Bitcoin has no physical form.
apart from that a Muslim has the choice to follow which scholar.
for the theorem's argument is too long for me to mention.
but for me personally I follow the majority of scholars who allow Bitcoin.

[reflector]

the law in Islam is haram.halal.muba.dan makruh.
the scholars differed in giving a fatwa to Bitcoin.
where the majority of scholars allowed Bitcoin because of the proposition that Bitcoin is sufficient to become a medium of exchange. and there is another scholar who says haram by saying that Bitcoin has no physical form.
apart from that a Muslim has the choice to follow which scholar.
for the theorem's argument is too long for me to mention.
but for me personally I follow the majority of scholars who allow Bitcoin.

I do not consider bitcoin and cryptos as haram because we do not prefer the banks as not halal one. So now bitcoin is against the banks means we have take the bitcoin a halal one as I feel.
I am not sure people are sharing the thoughts about bitcoin in any new hadiths has been shared in any place.
I too agree bitcoin is allowed in islam.

[tegarp90]

In my personal prespective, it depends on how you got the bitcoin.
Bitcoin is just like money, it's haram or no, depends on how you get it.
If you get it from doing some jobs and you get paid (bounty) it's halal.
But when you get it like from gambling or any other "speculative" ways. it becomes riba'
Correct me if i wrong

[bots1]

I think this is a tough discussion, not that bitcoin can be considered halal or haram.

Before I discuss more about bitcoin, let's see what is halal and what is haram? See explanation beside: what does haraam mean
After that let's see what is bitcoin and its technology? The explanation besides : Bitcoin

Once we know all about sharia law and the notion of bitcoin then there are several aspects that need to be in carefully.
1. In the Qur'an there is no explanation about bitcoin, then that is used is the law of jurisprudence.
2. in fiqih something that is vague and invisible the law should not, but the faint / invisible bitcoin nature can be accounted for technologically. This means a vague thing in the legal bitcoin ma'fu (allowed).
3. all matters relating to crime are not obtained in Islam, if bitcoin is used for ignorance means bitcoin haram.
4. state law does not mean Islamic law.
5. bitcoin for legal speculation makruh, the reason that speculation brings a bad impact for some groups.
6. bitcoin for legal investment may, the reason that the technology will grow and bitcoin many benefits other than to serve as a medium of exchange.

I think this can be an excuse that bitcoin in Islam is allowed for positive activities and is not allowed when used for crime.

[Endank]

The electronic currency is the currency in the digital world. This currency although its form is not the same as other currencies, but viewed from the side of the insured value of the same status. So this electronic money is being punished as a 'number' (currency) that can be saved.

[Orang Tua]

Fatawa syabakah says Who owns the digital currency in a prescribed way (mubah), then it is not a problem to be utilized, for the necessities of the mubah. So maybe back to our goal of buying bitcoin.

[tantegope00l]

Electronic currency is the currency in digital form, unlike paper currency or mine metal currencies, as is commonly circulated. Therefore, buy digital currencies with other different currencies, including sharf transactions (currency transactions). In Islamic currency transactions are allowed except for speculation

[dollarneed]

I think we should look at the bitcoin law on how to get it.

if we get a bitcoin from a campaign, i think it's no problem.

but the more specific issue is bitcoin trading, because the people's paradigm about bitcoin is haram, and we need to straighten their assumptions.

and if we talk about bitcoin trading law, I think the law is still debated, and my attitude is to leave things unclear. because leaving the unclear is more survived.
and this is my attitude about bitcoin trading.

Well i completely agree with your statement.
Bitcoin becomes haram when used or received from something bad. But used as currency I think it can be halal however the Muslim scholar assume that bitcoin is haram because it is mostly used as a criminal tool so they consider it haram and this should be straightened out.

[Mokter]

I am a Muslim and do not understand Islamic syariat in depth. before I know bitcoin I invest and trading FOREX and a friend introduce me with bitcoin and trading bitcoin and altcoin here I can say bitcoin halal karna from transaction aspect no usury and fund which we ivetasikan can not be lost and burned because the price reduction as FOREX

I am a practicing Muslim. I say prayer five times regularly. I invest and trade bitcoin because I don't find anything unreligious here. Bitcoin is a currency that fluctuates. So it has no usury or illegal aspect. You can gain or loss like any business. So, I think bitcoin is totally legal in Islanic Shariah.