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Author Topic: Bitcoin is considered as halal by Sharia Law  (Read 1436 times)
damrianto
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July 14, 2018, 05:27:38 PM
 #121

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.
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July 14, 2018, 05:32:20 PM
 #122

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 

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July 28, 2018, 01:51:58 PM
 #123

I dont give a shit to religious believe.
It is going to suck once you arrive in hell.  Bitcoin is Haram.

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September 23, 2018, 10:07:54 AM
 #124

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.
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September 23, 2018, 10:19:23 AM
 #125

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.

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September 23, 2018, 10:22:26 AM
 #126

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September 23, 2018, 10:25:44 AM
 #127

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..

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September 23, 2018, 12:10:58 PM
 #128

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
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September 23, 2018, 12:15:25 PM
 #129

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.

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September 24, 2018, 09:31:17 AM
 #130

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.
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September 24, 2018, 04:00:34 PM
 #131

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

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September 24, 2018, 04:03:48 PM
 #132

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.

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October 22, 2018, 03:45:12 AM
 #133

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.

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October 22, 2018, 12:24:45 PM
 #134

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.
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October 23, 2018, 08:36:28 AM
 #135

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.

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October 23, 2018, 09:48:34 AM
 #136

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.

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October 23, 2018, 11:11:28 AM
 #137

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.

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November 14, 2018, 11:03:58 AM
 #138

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.

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