Bitcoin is considered as halal by Sharia Law

[Kulafu]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

[Apiapik]

Now there is no doubt. The haram is clear. This is a news that is waiting for by most Muslims.
Now Muslims can invest in bitcoin. No longer hesitate.

[om_iyo]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

I know, some moslem leader allowed BTC for invest, trade, or something else. And some of moslem leader still discuss about it. And the question is, how about if it's halal clearly, but the regulation in his country is banned it? As long as we know, some moslem leader told that every moslem have to love his country, because it's a part of faith for Islam.

[hatshepsut93]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

If I remember correctly, it was just some study by one muslim scholar, so it's far from being "officially declared" for all muslims in the world. Some other scholars might even later declare it haram for some reasons. But regardless, I don't think that it will have any significant impact on Bitcoin's price, those muslims that wanted to buy Bitcoin earlier most likely did it regardless of its status and Bitcoin is also not that popular in arabic countries to make a big impact on Bitcoin's price, just like bans in some countries have almost no effect too.

[Lebovsky]

No doubt after this event, the price of bitcoin will rise. Imagine you just. What a huge amount of the population can now use to trade cryptocurrencies. After all, Sharia law plays a very important role for every Muslim. Now everything is available on the religious level. Moreover, one of the richest countries are Qatar, UAE, Saudi Arabia. Now just waiting for huge investments in the cryptocurrency.

[Tynovten_]

Me as a muslim have option, haram nor halal.

Haram : if you are in gambling side it obviously haram, or ico with sex project.

Halal : if you are in certain trading of course it's halal (sell-buy in islam are legal)

Why half think that bitcoin is haram, all of because he haven't learn about it totally.

One example again, for example you're working on bounty campaigns, this is a job where you deserve reward​ for your work.

Where's the haram or halal placed? Back to the point above.

In spite of it all this will certainly affect the bitcoin price because it adds the amount of volume.

[warning_btc]

How we seen price not going up creazy
this mean what who want buy btc buy them earlier

[LFC_Bitcoin]

[Wayan_Pedjeng]

As far as I know, none of the Islamic clerics have classified Bitcoin (or for that matter any other crypto-currency) as halal or compatible with Islamic laws. I am living in a Muslim majority nation and Bitcoin is not considered suitable for Muslims here.

[aileen393332xe5157]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

Bitcoin has been growing in terms of market share, number of users, number of countries allowed and supported, great features being improved on technology ... This decision is one of the things that makes Bitcoin worth more? I think this is absolutely correct!

[BrewMaster]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

If I remember correctly, it was just some study by one muslim scholar, so it's far from being "officially declared" for all muslims in the world. Some other scholars might even later declare it haram for some reasons. But regardless, I don't think that it will have any significant impact on Bitcoin's price, those muslims that wanted to buy Bitcoin earlier most likely did it regardless of its status and Bitcoin is also not that popular in arabic countries to make a big impact on Bitcoin's price, just like bans in some countries have almost no effect too.

that is right, this was just an scholar publishing something. but bitcoin was never haram according to Islamic leaders and i have checked! Muslims have been investing in bitcoin long before this news came out... maybe someday as bitcoin gains more popularity some of the leaders release some official statements also but so far as i know there is nothing wrong with it to this day.

[mustamin88]

With the bitcoin in my legality, I think it can cost bitcoin. Because Bitcoin is now relatively accepted by individuals as a medium of private transaction exchange. About halal and sharia according to research. Abu Bakar can generate Bitcoin potential worldwide, especially for Muslims who experience 1.6 billion.

[themughni]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

it is a good news mate. Muslims have been investing in bitcoin long before this news came out. So, I'm doubt again to invest in bitcoin.

[btc_angela]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Its too early to tell. Although bitcoin rose from $6+++ to $8K. But we can't say for certain if is has something to do with rich Muslims suddenly pour their cash on the ecosystem because it is considered as Halal under Sharia Law.

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

Dubai was been really active since last year. So they have investment on it for quite sometime now. Yes there are a lot of rich Arabs but the question is are they willing to invest in crypto?

[GregoryPorter]

I think if Saudi princes and emirates royalty take a fancy it could have an effect. I assume they would be going OTC so maybe the price wouldn't increase to drastically. Long term it will be good to have powerful people with aligned incentives!

[Kulafu]

Me as a muslim have option, haram nor halal.

Haram : if you are in gambling side it obviously haram, or ico with sex project.

Halal : if you are in certain trading of course it's halal (sell-buy in islam are legal)

Why half think that bitcoin is haram, all of because he haven't learn about it totally.

One example again, for example you're working on bounty campaigns, this is a job where you deserve reward​ for your work.

Where's the haram or halal placed? Back to the point above.

In spite of it all this will certainly affect the bitcoin price because it adds the amount of volume.

Thanks dude for the insight. This is more reliable because it come from a Muslim believer.
I believe it will contribute because some of the conservative Muslim will not hesitate to invest.

[Kulafu]

Dubai was been really active since last year. So they have investment on it for quite sometime now. Yes there are a lot of rich Arabs but the question is are they willing to invest in crypto?

I think they are. Dubai could open the mind of those rich Arabs to invest on cryptocurrency.

[Kulafu]

As far as I know, none of the Islamic clerics have classified Bitcoin (or for that matter any other crypto-currency) as halal or compatible with Islamic laws. I am living in a Muslim majority nation and Bitcoin is not considered suitable for Muslims here.

Mr. Muhammad Abu Bakar a Muslim scholar declared it halal.
Check the link dude. Living in a Muslim majority nation cannot guarantee that you will know about this thing. One of our Muslim brother here he explained it well. I think hes opinion is more reliable than yours.
https://www.techradar.com/news/bitcoin-declared-halal-by-islamic-scholar

[Kulafu]

Now there is no doubt. The haram is clear. This is a news that is waiting for by most Muslims.
Now Muslims can invest in bitcoin. No longer hesitate.

Yes dude. Good that they can join on community without doubt.

[Vit83]

Lots of Arabic countries wanted to create their own currencies to avoid usd. Now this is their chance to become free)

[ohlawdy]

I thought this was generally known already, at least i saw some people say they asked their imam who said it should be halal. So i think the news has more influence on the pirce then that it is really halal.

[Pursuer]

I thought this was generally known already, at least i saw some people say they asked their imam who said it should be halal. So i think the news has more influence on the pirce then that it is really halal.

true. it was already known to Muslims that bitcoin is "halal", in fact that is why they have been investing in bitcoin all along! but this is more of a public acknowledgement of bitcoin by Muslim scholars and it will do two main things.
first of all it will resolve any possible confusion that any one might have had and it can guide them into investing in bitcoin.
second it is considered a good news like anything else which can lead to a rise which I think it is already priced in.

[Kulafu]

Lots of Arabic countries wanted to create their own currencies to avoid usd. Now this is their chance to become free)

Yeah. Duabai they already started their own.  I saw successful ICO that there are a muslim on their group. It will greatly contribute to the market.

[Zeddyn]

This will have a very good impact on bitcoin prices, because we understand that Islam is the greatest people in the world, and if bitcoin halal it will make the spirit of Muslims to buy very profitable bitcoin prices rise.

[Bitfling]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

Dubai already known for their ambition in financial industry. Cryptocurrency already halal for muslim and i am believe money from middle east will flooding market. Hope that will happen because if that happen, cryptomarket market cap will increasing

[x xurtjati]

now many Muslims use bitcoin and invest because Muslims teach us to trade positively besides bitcoin bring benefits and not harm others.

the meaning of halal is good and does not harm others whether bitcoin has hurt you

[Paractor]

But since gambling is considered haram for the muslim faith.
Wouldnt the liability of the big jump up and down of price of bitcoin be just this?
A gamble
Because you can not doubt the price of what you buy it for today will not be the same tomorrow as with the majority of fiat money or precious metals are for that matter.

[imstillthebest]

But since gambling is considered haram for the muslim faith.
Wouldnt the liability of the big jump up and down of price of bitcoin be just this?
A gamble
Because you can not doubt the price of what you buy it for today will not be the same tomorrow as with the majority of fiat money or precious metals are for that matter.

Buying or investing in bitcoin is not really a gamble because a gambling means to play or place a bet and take as much as risk as you can in order to possibly won a profit but investing in btc is just an act of holding but with a risk also although it is just a minimal and chances of loosing is only less when compared to an actual gambling.  I thought the word halal is only for products like food , soap , vitamins ,etc because afaik halal means safe and approved by the Bureau of Food and Drugs administration.

[Denker]

This will have a very good impact on bitcoin prices, because we understand that Islam is the greatest people in the world, and if bitcoin halal it will make the spirit of Muslims to buy very profitable bitcoin prices rise.

Oh boy!
Islam is a religion and not people.
Furthermore it isn't better than any other religion on this planet!
And I believe there were already plenty of moslems buying BTC regardless Bitcoin being halal or not. I for instance know a few who did so. Beside that they also eat pork if they feel they would like to, because it tastes good.

[Thanasis]

This will have a very good impact on bitcoin prices, because we understand that Islam is the greatest people in the world, and if bitcoin halal it will make the spirit of Muslims to buy very profitable bitcoin prices rise.

Oh boy!
Islam is a religion and not people.
Furthermore it isn't better than any other religion on this planet!
And I believe there were already plenty of moslems buying BTC regardless Bitcoin being halal or not. I for instance know a few who did so. Beside that they also eat pork if they feel they would like to, because it tastes good.

Religion is only for some people,many people in the world only follows what they want,whatever profitsbale for the they will do.BUt bitcoin can't be considered as forbidden in Islam because it is just currency not an interest.So the Haram or Hala will be depend on how we use that bitcoin or which money we used to buy them.

[Kulafu]

But since gambling is considered haram for the muslim faith.
Wouldnt the liability of the big jump up and down of price of bitcoin be just this?
A gamble
Because you can not doubt the price of what you buy it for today will not be the same tomorrow as with the majority of fiat money or precious metals are for that matter.

Huh!? How do you come up an idea of gambling? And how do you inserted BTC as gambling!? If you mean trading and gambling is the same, do you only trade depending on your perception on the market and you can predict the outcome of the market while gambling is all about luck.

[squatz1]

This was done for the news, as I highly doubt muslim people cared when they thought they could make some  good money in bitcoin before the December bitcoin (and crypto) Bullrun. I would think that these people put their religion to the side for  a second (and asked for forgiveness later) to attempt to change their lives, which I would assume some of them did if they sold RIGHT BEFORE the bullrun crashed.

So yeah, this was for the news and maybe it swayed some people.

[Kulafu]

This was done for the news, as I highly doubt muslim people cared when they thought they could make some  good money in bitcoin before the December bitcoin (and crypto) Bullrun. I would think that these people put their religion to the side for  a second (and asked for forgiveness later) to attempt to change their lives, which I would assume some of them did if they sold RIGHT BEFORE the bullrun crashed.

So yeah, this was for the news and maybe it swayed some people.

It could clarify for those conservative Muslims wanted to invest on cryptocurency. It's wipe their doubts. 

[Aufar]

Thanks for the insight. This is more reliable because it comes from a believing Muslim.

I think the word halal is only for products like food, soap, vitamins, etc. Because halal afaik means safe and approved by the Food and Drug Administration Bureau.

[vilello]

Of Course, it's halal. I'm muslim too and I don't find anything that can make Bitcoin haram/forbid. It's like to forbid you to invest in gold or anotherl ike that.

[mariayaz]

Bitcoin is like a gold, it fluctuate, rise and fall all the time, its value is not fixed so yes its halal according to sharia law which is a good sign. Many muslim countries will adapt crypto now.

[vilello]

Thanks for the insight. This is more reliable because it comes from a believing Muslim.

I think the word halal is only for products like food, soap, vitamins, etc. Because halal afaik means safe and approved by the Food and Drug Administration Bureau.

I think halal word not only for product. Check Halal Word

[avdeeva]

Sad to see this happening at current times, I guess the law is because of popularity of bitcoins. I see many Muslim guys betting on cricket matches without any worries.

[Marcus Kohen]

This will have a very positive impact on the market, but not so fast. For Muslims, Sharia is considered a very important teaching. Therefore, the official permission on religious grounds will give a huge race to cryptocurrencies in the Arab world. Well, in addition to the UAE, there are very rich investors. Such as Qatar, Kuwait and Saudi Arabia.

[gabmen]

Well that's good news and it probably had a big effect with bitcoin's 1k usd surge last week since this news came in almost the same time as that certain surge. And knowing how muslims abide by their islamic laws, this certainly gives btc a big boost to have muslims trading without any issue

[umar22pk]

I heard some news about Bitcoin, some scholars from arab countries declare bitcoin as haram, they gave some reasons that nobody knows where this money can be used.
But if bitcoin could be used in negative activities then who can give guarantee that paper money can’t be used in this kind of activities?
In the selling & buying of Bitcoin you have to bear loss & profit both….if there is no guarantee of loss & profit then how bitcoin becomes haraml/forbid?

[rhayot]

Ever since, bitcoin is not haram because it is not came from a gambling or anything else, like you have a bitcoin and you will sell it in a triple price, then that's the time usury will enter and that is haram for the muslims. The money that you earned is from your hard work like joining bounty campaigns and airdrop. It will be haram if it is use in a negative way, as long as you know that you are doing good and you know the rules in sharia law there will be no conflict for that.

[CryptoProphet]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

Removing restrictions and influx of new people always have a good effect on the bitcoin, but if you closely follow the market, it does not always guarantee a big increase.

[mekusproj]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

We all know that Cryptocurrencies are innovations created to ease modes of payment from traditional means of payment and its purpose also is to reduce cost of funds transfer between two parties. There is no hidden agenda in Cryptocurrencies that goes against any religious or moral stance. The acceptance is good, not just for them but also for us all. This also means that Crytocurrencies are here to stay and more acceptance will also come.

[supermine]

People are confused with the technology of bitcoin,and the people who don't know anything about bitcoin spreads the news that bitcoin is a ponzi scheme but the people who understands the technology behind it will never consider this as a Haram in muslim.BUt still some idiotic people refuse to take the bitcoin because of the fear that they will go to hell.LOL.

[micheal wang]

A good news, I live in a country where almost 80% is Muslim. With the news like this will be a consideration for the government to adopt bitcoin as a legal currency and can be made as a place of investment and trading. With this news I am sure bitcoin prices will rise again, considering many Muslims are afraid of investing in bitcoin on the resson bitcoin is haram.

[faithofb]

This a welcome development if its actually true as they will be more demand from those arabian which will cause bitcoin' to skyrocket..

[Yakapo]

I dont think Bitcoin is anything close to being Halal by any means, its just a business transaction legitimate as others that require lots of attention, If it was considered Halal then it probably would have not been legalized in the few Isalmic Countries its legalized in

[mitchr4]

In my country also had a debate about Bitcoin halal or haram. Many of them Muslim figures say Bitcoin is haram because its use can harm anyone and not transparent and also some of them say halal. Until now still debated about its use for Muslims. Moreover, Muslims are afraid to use if bitcoin is haram. But at least with this statement the Muslims in my country can calmly use Bitcoin.

[hrz]

if in can from the results of gambling or support for projects that smells of gambling is obviously haram, but if there is no gambling element and does not promote food or beverages are in forbidden right, maybe not a problem.

[mornabo]

Well that's good news and it probably had a big effect with bitcoin's 1k usd surge last week since this news came in almost the same time as that certain surge. And knowing how muslims abide by their islamic laws, this certainly gives btc a big boost to have muslims trading without any issue

First it will give a clear picture to Muslim users that using bitcoin as currency is not a wrong thing because it has been halal by sharia law. but for trading where there is a bet of luck there it can be said that its haram. because Islam forbids something that can harm you and bet with luck. that's what my professor says. but I don't really care about that because it's my job

[ExtremeFacials.com]

I recognize this news as significant for the future of cryptocurrencies, becouse of the significance of arab countries in this world.

[ropyu1978]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

I think not, however bitcoin is still a controversy for some countries that embrace sharia law. but what you say can not be a benchmark in bitcoin growth even though there are many Arabs who have abundant wealth.
there are some strong factors that make me very berimbel with your opinion. surely you can trace this understanding by discussing with many btt users

[Kemarit]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

If I remember correctly, it was just some study by one muslim scholar, so it's far from being "officially declared" for all muslims in the world. Some other scholars might even later declare it haram for some reasons. But regardless, I don't think that it will have any significant impact on Bitcoin's price, those muslims that wanted to buy Bitcoin earlier most likely did it regardless of its status and Bitcoin is also not that popular in arabic countries to make a big impact on Bitcoin's price, just like bans in some countries have almost no effect too.

that is right, this was just an scholar publishing something. but bitcoin was never haram according to Islamic leaders and i have checked! Muslims have been investing in bitcoin long before this news came out... maybe someday as bitcoin gains more popularity some of the leaders release some official statements also but so far as i know there is nothing wrong with it to this day.

Correct, this is just a study of one Muslim scholar but it doesn't mean it represents the dogma that all Muslims around the world should follow. Allthough I believed that there are a lot of Muslims already joined the bandwagon earlier before this statement and I don't think it will change their perspective as to how they see crypto in general. Again, bitcoin has no boundaries and it makes sense for our Muslim brothers to readily accept it without having it deemed as illegal.

[Rossy Akbar]

I haven't read the news actually, but anyway this news was I've been waiting so long, it does bitcoin really help my financial but I'm still find out is this halal or haram, well I knew the answer now. But to be honest I just think that what I do in bitcoin is always halal because I don't gambling,  prostitute or any other bad way. So it's clear now and I was so excited.

[meanwords]

This I think is one of the reason why Bitcoin has an upsurge of price lately. Now that cryptocurreny is now being legally traded and open for muslim, it could lead into a bull run which would benefit the entire globe. It's not everyday that a place makes Bitcoin legally traded which is why this news is a good news for everyone.There's a lot of Muslim rich investors that without doubt would buy Bitcoin without any hesitation anymore. Bitcoin is getting some names now and I hope there's more country to legalize it.

[Kulafu]

This I think is one of the reason why Bitcoin has an upsurge of price lately. Now that cryptocurreny is now being legally traded and open for muslim, it could lead into a bull run which would benefit the entire globe. It's not everyday that a place makes Bitcoin legally traded which is why this news is a good news for everyone.There's a lot of Muslim rich investors that without doubt would buy Bitcoin without any hesitation anymore. Bitcoin is getting some names now and I hope there's more country to legalize it.

It could be. But there are lots of factors that could affect the price of BTC. Actually if you check the history the price hike on the second quarter.

[Kulafu]

I haven't read the news actually, but anyway this news was I've been waiting so long, it does bitcoin really help my financial but I'm still find out is this halal or haram, well I knew the answer now. But to be honest I just think that what I do in bitcoin is always halal because I don't gambling,  prostitute or any other bad way. So it's clear now and I was so excited.

Nice dude! You will not feel guilty of trading cryptocurrency. This indeed a good news for us.

[salinizm]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

Of course , It can uplift the price of bitcoin and concurrency Because arabs have a lot of btc and other currencies. On the other hand, most of the muslim authorities are saying that investing, trading in bitcoin is halal. That's why, arabs and any other muslim people are interested in investing btc.

[Dmitry.Vastov]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

This is very good if Dubai such a great developed country, is showing its keen interest in the bitcoin and being very secular I would like to clear one thing that bitcoin is the boon for the humanity and all the humans are equal in eyes of nature, so matter whether the person is Hindu or Muslim, bitcoin is for everyone and if more and more people will join through the bitcoin then it will be privilege for the entire bitcoin family and obviously yes if will helps a lot in inflating the valuation to a very great extent .

[bitcub]

Muslims are very faithful followers to their Muslim priest (is it imam?) They would do what ever their religious leader will command. Now that Bitcoin's reputation is approved in Islam. We could see another leg rise from the bitcoin chart coming from muslim people.

Now there is no doubt. The haram is clear. This is a news that is waiting for by most Muslims.
Now Muslims can invest in bitcoin. No longer hesitate.

[sunsilk]

Muslims are very faithful followers to their Muslim priest (is it imam?)

Yes, Imam is like their priest but they are not faithful to their priest but they are faithful to their religion which is Islam.

They are following what's written on their law so if something is illegal, they will not even touch it as they are firm with their conviction to what they believed.

Now that Bitcoin's reputation is approved in Islam. We could see another leg rise from the bitcoin chart coming from muslim people.

They will have no more doubts if bitcoin is allowed to them or not because this news tells that everyone is free now to join the free crypto trade and invest.

Hooray! 

[bellator66]

This is one of the advantages of bitcoin trade. Sharia law, bitcoin is considered halal.
This halal certainty is a very supportive added value for Muslims.

[denverangelo9]

This is one of the advantages of bitcoin trade. Sharia law, bitcoin is considered halal.
This halal certainty is a very supportive added value for Muslims.

it is true that many Muslims now study and invest in bitcoin.
a technological advancement that will help advance the economy.

[mithun303]

Sharia Law actually mean is legal specially by Islamic law. But bitcoin don't make any division poor and rich people, when bitcoin will make people poor then it will be haram (prohibited) which is opposite of halal (legal). From the beginning of my work experience i don't get any consequence that bitcoin affect poor people. So we can say 100% it's halal (legal) by Islamic law.

[ETHtotheMOON1]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

I'm not sure as muslims have been involved in bitcoin trading long before this statement. But I guess it can help to spread a word and gain some more traction, why not

[Market-desi]

I am also a Muslim. if I see bitcoin is also halal. if we make buying and selling materials. in the sale and purchase of the important money there can be goods and there must be a transaction. between the seller and the buyer. if we look at the trading there.

[BurstBurst]

Having that news makes the market green again. Followed by other good news. We all know that the community of Muslim around the world is a massive one. And considering Bitcoin as Halal will make a huge impact on the prices of bitcoin.

[Dico88]

Everyone is confused with bitcoin technology and do not know anything about bitcoin spreading the word that bitcoin as a ponzi scheme but also only people who understand the technology behind it will never consider this as haram in a muslim. Some fools refuse to take bitcoin for fear they will go to hell.

[PatronRH]

The only thing that is haram in the islamic finance us speculation making money with money or making money that doesn't refer to a real thing. So I guess bitcoin right now is haram but the concept itself meaning money that doesn't lose value where there is no interest is going along with the islamic finance.

[jhonnydeep87]

Generally bitcoin is well known, at least I see some people say they ask their priests who say it must be kosher. So the news is more influential on the price then it is really halal.

[Thirdspace]

once there was a gold investment company called "PT Golden Traders Indonesia (GTI) Syariah"
yes, by its name you know that it is based in Indonesia
investing in gold (or anything) for fixed return income is always viewed as "riba/haram"
somehow this company gets MUI (Majelis Ulama Indonesia) Halal certification for its business and deemed "Halal"
then sh*t happens... the company turned scam...   allegedly ponzi scheme

so even received certification from their clerics, halal is not always 100% guaranteed
later on they can simply say "sorry, we made a mistake" or in short famous word "khilaf"

*MUI, Majelis Ulama Indonesia is Indonesia's top Muslim clerical body

[bingungsekali]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

in Islam bitcoin is said to be haram if abused by irresponsible parties, because it is used to finance terrorism or other dangerous things..if bitcoin is still used as a trading tool or for long-term investment I think it does not matter and I think it's halal.

[hotcoin1234]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

There will definitely be positive impact on bitcoin either by creating more awareness to the muslims or bitcoin is able to benefit from the high volumes by the rich Arabs. The demand for bitcoin will increase by demand and subsequently the price as well.

[pastelbasah]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

I do not know if it is halal or haram. but in dubai it has been legitimate to trade bitcoin and this will actually raise the price of BTC considering there are many rich people there and there is no doubt for merchants because Islamic center has legalized bitcoin.

[eaLiTy]

Muslims are very faithful followers to their Muslim priest (is it imam?) They would do what ever their religious leader will command. Now that Bitcoin's reputation is approved in Islam. We could see another leg rise from the bitcoin chart coming from muslim people.

Now there is no doubt. The haram is clear. This is a news that is waiting for by most Muslims.
Now Muslims can invest in bitcoin. No longer hesitate.

Do you have any idea what you are talking about  , Which religious leader approved bitcoin, do you think people are that dumb to live a life because someone said so, there might be some extreme case, i do not consider them as humans  . Since you all wanted to post something, explain this, what is the meaning of haram and how does someone remove that , like flipping a switch.

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?
Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

Do you know the total population of Dubai, it is a really small place and it is one of the most liberal place that follow the said religion and they do not represent the entire countries who are following Sharia Law. Think before you write something.

[jpespa]

Well as long as the demands are increasing bitcoin price will be affected and since muslim community is now able to use bitcoin for sure it will help the bitcoin price to increase again.

[nellakarisma]

although I am not good at Islamic science but I have studied and read. if the central MUI mangatakan if investment in cryiptocurrency law is lawful and may be okay. but if I see there is buying and selling transactions. as in the real world.

[Mihail.B]

This is certainly good news, a new the big players and all that. But my question is who and how determined the degree Halal?)) It is also possible to admit a bitcoin Holy and worship him.)

[ladydark]

Definitely it would increase the number of people buying and trading bitcoins since most muslims were hesitating to use bitcoin these much days.

[Bagong91]

I still do not believe it, because what I know is against the Islamic rule.
There must be a mistake here.

[sari_]

investment in bitcoin law is lawful according to Sariah Islam. therefore many Muslims from various countries began to glance and join in bitcoin. even i am also amazed with bitcoin. systems and rules that are used by chance / are specially designed to be kosher according to Sariah .

[joebrook]

I still do not believe it, because what I know is against the Islamic rule.
There must be a mistake here.

How can investing into cryptocurrency been against the ideas of Islam, it’s makes no sense whatsoever because even Mohammad had no clue about investing or stocks investment at all. But when it’s perfectly accepted by the Muslim community it will lead to a boost in the prices.

[Vart4varta]

According to the expert of the financial house "Amal" Bulat Mulyukov, today among Muslim scholars there is no common opinion about the permissibility or prohibition of crypto-currency. In general, he was rather skeptical about the prospect of this phenomenon.

[nieninja53]

The important point because It is good thing for bitcoin and all over the world if Dubai is very on cryptocurrency then it will effect very positively on the price of the bitcoin and all other coins also,

[CoinstarF]

Now there is no doubt. The haram is clear. This is a news that is waiting for by most Muslims.
Now Muslims can invest in bitcoin. No longer hesitate.

Yes dude. Good that they can join on community without doubt.

As we all know that Muslims community are prone of businesses they wanted to invest thier money in many different ways  so that's fair they freely joined crypto currency .

[maaydin]

I hope this clarifies the doubts in Muslim community and makes them invest as well by expanding the crypto community and making a new hot money to liquidate into the market.

[cpoer2011]

That's a great news and now Muslims not hesitate to trade Bitcoin because of this news. And more people using bitcoin I think it will make bitcoin price going to rise again.

[p i e c e]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

Gosh, Abu Dhabi has already become the center of the cryptocurrency business. Muslims (Arabic people from UAE) are eager to work constructively with Japanese guys. They have been doing it successfully.

[rexona]

I happen to live in a predominantly Muslim country and I am also a Muslim, so far no one has banned the use of bitcoin or is considered haram, because if using bitcoin correctly and not abused as a crime tool, I think it is not forbidden in Islam .

[Muhammad Aamir]

this news is very good for muslims as well as bitcoin plate form , more money is coming in crypto after this, and will give good support to crypto market

[Hua cuong]

Cryptocurrency already halal for muslim and i am believe money from middle east will flooding market. Hope that will happen because if that happen, cryptomarket market cap will increasing.

[blazsqd]

It's a good news, especially to me as a muslim. Bitcoin according to Islamic Shari'a. The results of this study open the market potential Bitcoin wider reach 1.6 billion Muslims around the world.
The results then boosted the exchange rate of Bitcoin to USD 1,000 within an hour only after the results of the study were released.
Bitcoin is permitted as valuable in global trade and is accepted as payment at various merchants or merchants.

[nursarjani]

Given the information and news that this halal cryptocurency for Muslims can also be one of the factors for the rise in the price of cryptocurency because Muslims do not hesitate anymore to invest in cryptocurency, such as the Muslim-majority Middle East countries.

[AllenTurner]

really it clears the confusion of many Muslim and they can take part into it fluently.

[francis95]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

Well I dont think if this news was really true but if it is then that would give a nice impact to crypto world. I think halal is for foos only i dont have any idea that it can also be use in bitcoin.

[Jombrangs]

It is great that other laws support bitcoin through this it can boost its popularity and gain more investors which brings a great blessing.
Through this many people will invest again in bitcoin.

[RawDog]

Stop being stupid - it is haram. 

If you keep pretending it is OK - god will get you in the end.  The Imam has spoken.  Stop going against his words and lying.

[sopanbmp]

Bitcoin is currencies! so where the point of haram ? I'm a muslim but I don't realy knew about science of Syariah. in my opinion Bitcoin can be haram if you use it in wrong way, that's the point.

[WhyBit]

Today I read this thread and have some good laugh because there is nothing about haram and halal in this bitcoin if you are using paper money in negative activities then its also haram its just feud bitcoin advantage is its giving profit and lost both so its very surely halal and we can use this as we are using other currencies we need latest technology and we need to improve things around us just check these things don't waste your time in these time wasting things

[molenracing]

The Muslim Council of Ulama in my country says, as long as it does not harm the Ummah, Bitcoin is Legitimate, and may be done. that means more and more Muslims are trading cryptocurrency, and I think anyone who goes into Bitcoin trade, if bitcoin demand is greater than bitcoin supply, of course it will elevate the value of Bitcoin.

[Vz Ketua]

Really this is very good news. With no banned for Muslims to play in the world of cryptocurrency will be very influential for the development of virtual currency.

[shakhana]

We need the world to treat the crypto currency, as something ordinary. But at the moment there is an impression that people are afraid of crypto currency. If the Arab countries begin to invest in the crypto currency, then in time we will all be able to use it.

[sultanali]

That depends on what the bitcoin is used for, according to some schools of thought if bitcoin is only used for the purpose of storing then it is nothing more than a commodity and for that reason it is halal but if it used for trading then it is like gambling which is considered haram in Islam.

[Marlo Stanfield]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

I think most people in that region who are going to get in or get interested are already, or have been paying attention. I don't think it's much of a new frontier. More like they were part of the rush of 2017. I don't think there are too many new frontiers left now considering how international Bitcoin is now.

[liseff3]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

The scholars of our country (Indonesia) rate bitcoin as cryptocurrency which can be considered very new for the community, until now bitcoin still reap the pros and cons especially Indonesian people who embrace Islam. Some of the scholars said bitcoin's the same as money because it can be used as a tool for transactions which can be accepted by the general public both as a standard value as well as a saving tool, but other scholars reject it "in recognition" of the general public because there are still many countries that "reject it", there's no regulating authority and tend to be used as a means of speculation.

And in my opinion, regardless of its function and benefits bitcoin is the same as money, however which makes it "Halal or Haram" is how our way gets it if we get it by stealing, persecuting, money laundering and gambling certainly very clearly his law "Haram". But if we get it in a way treating bitcoin like gold (as an investment asset), I don't think it's "Haram" especially when getting it from "Signature Campaign" is legitimate because we get it by working.

[Ilegendph]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

If I remember correctly, it was just some study by one muslim scholar, so it's far from being "officially declared" for all muslims in the world. Some other scholars might even later declare it haram for some reasons. But regardless, I don't think that it will have any significant impact on Bitcoin's price, those muslims that wanted to buy Bitcoin earlier most likely did it regardless of its status and Bitcoin is also not that popular in arabic countries to make a big impact on Bitcoin's price, just like bans in some countries have almost no effect too.

Bitcoin is something to be considered legal unless a state/country creates a law to make it illegal. Well, another set of speculators will come to market and can make the price really volatile. I just want bitcoin to be stable so that many people could adopt and use it as a currency and not just an investment scheme.

[Aqcizromencez]

it is good news and wastes doubt on the Muslims to trade or invest in bitcoins,and I think that makes it halal and haraam depends on where we get bitcoin.if we steal clear bitcoin it's forbidden and if we buy bitcoin then the law is kosher then used for what if used in positive terms is good.

[sajidm]

This is really a great news for all muslims around the world who are taking part in cryptocurrency ....now muslims can take part in cryptocurrency without being hesitant....however there is a news that i have read that it is not clearly halal.. because there is no clear evidence that it is halal and there is also no clear evidence that it is haraam.

[ETHtotheMOON1]

Bitcoin is currencies! so where the point of haram ? I'm a muslim but I don't realy knew about science of Syariah. in my opinion Bitcoin can be haram if you use it in wrong way, that's the point.

guys don't listen to what is being told to you by some people who pretend to know better than you. If you do your own thorough research you don't need to be told what to do...

[market-beta]

therefore investment in bitcoin is lawfully halal by Islamic law. this is the main cause as well as the main reason. bitcoin much in search by the crowd. if if the forbidden investment in bitcoin definitely bitcoin enthusiasts will be reduced .

[shaadsufi]

There are conflicting views in this opinion, it is said that bitcoin is similar to stock trading and many Islamic laws consider this to be haram, therefore like that logic, bitcoin or any other cryptocurrency is considered to be an act of sin according to Islam.

[nursar00]

as a muslim i'm proud becouse as you said Bitcoin is considered as halal by Sharia Law .. nashkur now i understand

[ubay]

Bitcoin can be halal or haram, depending on how the user uses it. Be wise in using bitcoin for good is always with you.

[maianh09]

There is a lot of information from significant countries that accept Bitcoin and integrate Blockchain applications into their lives. But this does not accelerate the pace of the market, and I expect there is excellent information that makes the market move sharply.

[Hammonds]

Can not be denied again if Bitcoin in the eyes of the Islam there are two options, namely Halal and Haram. like his case in the country I live there are two judgments who are still undecided.

It's weird when there are some Bitcoin forbidden, then I give some of the profit from Bitcoin's sale to the person who forbid the Bitcoin they received it, but I did not freak out.
So let alone the person who forbid Bitcoin because there are some Muslims who also mengaktalkan Bitcoin. Because I am sure that all the created in the existing way of each.

[kiendepzai24]

Due to many negative news spread about bitcoin, big whales are manipulating the market and due to panic people are sold their bitcoins. These are the reasons that makes market goes to downtrend. Again and again the price goes down only. There is no sign of increase in price.  But some people are told within this month end the market will recover and the price starts to increase. Let's wait and see what the changes happen.

[MMA]

Bitcoin can be halal or haram, depending on how the user uses it. Be wise in using bitcoin for good is always with you.

Bitcoin is a currency and i think that every currency is consider as halal. It is only depending on you that either you are using it for halal purposes or haram. I have heard that some Mofthi has given Fitwa about bitcoin that it is a halal. Because it is consider as trading where you have both the chances of losing and making profit.

[alexs_03]

Well that's good news and it probably had a big effect with bitcoin's 2k usd surge last week since this news came in almost the same time as that certain surge. And knowing how muslims abide by their islamic laws, bt still some idiotic people refuse to take the bitcoin because of the fear that they will go to hell!

[damrianto]

If the bitcoin is used as a medium of exchange for buying a certain commodity then it is permissible to follow the prevailing provisions in the sale and purchase transaction if the object of goods or commodities or follow the provisions of the law of ijarah (if the object is a benefit or service). Similarly, if the bitcoin is used as investment capital then it is allowed under the terms of mudharabah or musharaka law.

[andrew1carlssin]

I dont give a shit to religious believe.

Religion is very bad to describe the natural world ... so religion should be good on ethical stuff ...even though their very bad 

[RawDog]

I dont give a shit to religious believe.

It is going to suck once you arrive in hell.  Bitcoin is Haram.

[dovedove]

Regardless of its bitcoin functions and benefits like money, however, that makes it "Halal or Haram" as we get it if we get it by stealing, arresting, laundering and hitting. the silver. "Haram" law. This is really a great news for all Muslims around the world who are involved in electronic money .... however there is a belief that I have read that it is not clear halal.

[airdnasxela]

Is this final?  I mean are they really considered it as halal?  Because what I remember is that only a Muslim scholar do a research about it and it is not really have announced. Well, regardless with it, there are Muslims that even it is not legal they do have cryptocurrencies so I think even if they will consider it as halal, it will not really take too much effect on the market because bitcoin is not really that popular in Arabic countries. Well unless if there will be more advertisements about bitcoin.

[bngn77]

bngn77
Telegram.@amannaf09

[kerjakuat]

At my place they called it haram to invest on butcoin as it almost the same to gamble investment. funny to see some muslim in this world had not the same page at halal and haram thing..

[mr.bean865]

In Islam everything which has fixed amount of profit and no ratio of loss is haram. In my view as no one can define wheher you will be in loss or in profit also no one can even tell how much profit or loss you will suffer and equal chances of profit and loss so it is completely halal in Islam

[creeps]

At my place they called it haram to invest on butcoin as it almost the same to gamble investment. funny to see some muslim in this world had not the same page at halal and haram thing..

Well, this is quiet not good for some Muslims and we have to respect them but since some other Muslim countries already adopt cryptocurrency, I think they most of them will follow later on. Anyways, bitcoin is for everyone it will just depend on you whether to keep using cryptos or you will follow the Law of your religion. At the end of the day, cryptocurrency is  just here to improve our lives.

[AnnaHom123]

Because there is no clear evidence that it is halal and there is no clear evidence that it is haraam. As is the case with him in my country of residence there are two judgments still to be decided. So, let alone those who banned Bitcoin because there are some Muslims also mengaktalkan Bitcoin.

[131tc01n]

Bitcoin is full of pros and cons in Islam, even many scholars have talked about bitcoin, but some of them say that bitcoin is haram. But in my opinion, as long as I don't refer to gambling, it's halal law

[tegarp90]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

Yes as a currency.
But i think if people trade it with speculation and sometimes they got profits sometimes they lost. It's not halal anymore.
Many arabs very active in cryptocurreny doesn't mean it's halal.

[mangsitin]

Bitcoin is full of pros and cons in Islam, even many scholars have talked about bitcoin, but some of them say that bitcoin is haram. But in my opinion, as long as I don't refer to gambling, it's halal law

That is true there are pros and cons in my own residence religious leaders consider that bitcoin is haram like online gambling, they do not know in detail my work that is only looking for bitcoin from bounty hunting without me making a deposit for trading. in my opinion it is a lawful job, because promoting an ICO project to the public and a reply to us from the Ico project gives us an award that is some Bitcoin.

[Yantoaja]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

This is a good news for me, because I initially asked whether cryptocurrency is halal, and now I get the answer, indeed from what I saw Dubai developing cryptocurrency very quickly and arguably already accepting BTC as their virtual payment instrument.

[newbie-hero]

I dont give a shit to religious believe.

Religion is very bad to describe the natural world ... so religion should be good on ethical stuff ...even though their very bad 

Meanwhile, many religious people have reached a great success in the world of the cryptocurrencies. For instance, the United Arab Emirates is the country when millionaires invest in crypto often.

[Perunex]

But who actually declared it as halal? Probably not a Muslim world as a whole (as it is huge)? Probably only UAE...
Interpretations imo could be both for halal and haram, thus it all depends on the interpreters... And that usually is not good. Especially now, that crypto has such a bad image.

[idontcare]

Since the Muslim community can now trade/hold/invest legally on Cryptocurrecy especially BTC. Do you think it can uplift the price of BTC and concurrency as a whole?

Dubai is very active on Cryptocurrency. It's hosting many of cryptocurrency forum.
We all know that there are a lots of Arabs that are really rich.

I might as well be because some of those people are still waiting for new money, money of the future because they may have known yet not done. And when people here buy it will impact strongly to bitcoin and can raise the bitcoin price.

[mensahkkofie]

Really this is very good news. With no banned for Muslims to play in the world of cryptocurrency will be very influential for the development of virtual currency.

There is no doubt about how bitcoin can really help the world of financial issues. I believe bitcoin is here to help us all regardless of religious beliefs or culture. There is no Haram or anything that is bad about bitcoin and this is the beautiful things about bitcoin so Muslims have no problems using bitcoin.