May Bitcoin be considered money according to Islam?

[kaya11]

An interesting question is whether Bitcoin is money according to Islam.

Me and my colleagues ask if it is permissible to use the currency and they said it falls in the section where doubt is. In Islam doubt should be avoided but they never prohibit us. We said we work and earn money from a site where they pay us via crypto. Their answer it is okay as along as we are not with the ones who are in the deceiving team or scammers, it is okay for us to use the currency as long as no harmful effects to other folks around us. They say that even the paper money does not have a value but it said to believe it has, so there shouldn't be a problem in a digital one. We may never know, sooner or later Muslim countries like Dubai or UAE countries will use a digital currency and disregard the paper one.

[1713997525]

1713997525

[1713997525]

1713997525

[1713997525]

1713997525

[1713997525]

1713997525

[dimiinx]

It is also possible, because the vast majority of Muslims do not interfere with the matter and I think the bitcoin currency is regarded as a money, because money is also home to a digital currency. and there are also Islamic who really believe in a digital currency as a bitcoin proving that the Islamic country can also take along with a bitcoin. and most of the people in Islam are here proving that they believe in bitcoin crypto.

in my opinion, it doesn't matter if religion does not support like this, this is looking for a lawful income and I don't think it needs to be associated with religion because it has nothing to do and does not make other religious losses.

[Isiaka208]

With so many views around, there hasnt been any full standpoint as to it being a currency or not. Although further developments and changes will contribute to views of scholars.

[MeongElek]

Bitcoin and the blockchain system are a development of technology. And I know, Islam really appreciates technological developments. If cryptocurrencies are banned from an Islamic point of view, why are there projects like this http://www.adabsolutions.com/
I believe Islam does not prohibit the use of Bitcoin or cryptocurrencies. It's just that, if it's wrong when using cryptocurrencies, then this is prohibited in Islam.

[rindayle]

I think religion should not touch upon the issue of electronic money in any way. I never heard that did not recognize the dollar or the ruble, it is the same coin only has no physical currency, so I think it can be used by all.

[nuraziaaziz]

In general, Islam does not recognize any currency that is not covered by gold, silver, and other assets.
Based on the above definition, all current currencies are not considered as money according to Islamic Sharia.
Muslim scholars in the current era added an exception to the currencies not covered by gold provided that there is a hand issued and guaranteed value such as the Central Bank.
Therefore, most Muslim scholars do not recognize bitcoin but may change in the future.

Yes, I agree and I believed that it must be a physical form to consider it a money.

[bitfocus]

Don't you think you should ask it to some islamic figure?

[J Gambler]

In general, Islam does not recognize any currency that is not covered by gold, silver, and other assets.
Based on the above definition, all current currencies are not considered as money according to Islamic Sharia.
Muslim scholars in the current era added an exception to the currencies not covered by gold provided that there is a hand issued and guaranteed value such as the Central Bank.
Therefore, most Muslim scholars do not recognize bitcoin but may change in the future.

Correct. They don't mind online businesses as well. It depends upon the country actually. However, Bitcoin is not related to any religions all over the world. We have different thoughts and beliefs. And according to our experts, in the near future, money would be spent online and there would be no physical money that we can use.

[andieoke]

Yes, I have never heard Islam consider Bitcoin to be Money. But Islam considers Bitcoin to be a legitimate transaction tool, I get this from a decision delivered by the Islamic Ulema Council in my country. As long as Bitcoin does not harm the ummah, then this Bitcoin is legitimately used as a transaction tool.

[munareal]

ADAB Solution the First Islamic Cryptocurrency Exchange has been build base on the norms and value of Islamic principles and value having that I believe bitcoin is acceptable in Islam

[rikybrosh]

I am not really sure with my answer but as we know that something that is halal can haram if we earn/get it by bad way. For example, milk is halal but if we get that milk by stole it from the  owner then it will be haram. And I heard that omar want to make money in form of camel skin, but he didn't do it because if he do this then camel will be extinct, I have watched a tv show and heard about it.

[reynald70]

In my opinion Bitcoin depends on someone who uses bitcoin for what, for example bitcoin is used for terrorist purposes or for illegal drug transactions using Bitcoin, of course it is not permitted according to Islamic rules, it makes Bitcoin Haram, but if Bitcoin is used to buy and sell I think it's allowed.

[aryatrals]

An interesting question is whether Bitcoin is money according to Islam.

according to Islam all things that are more beneficial than mudorat can be categorized as halal except those that are already prohibited, but if an object more mudorat benefits can be categorized as illegitimate, or if there are differences of opinion can be categorized as chaotic, but for the case of bitcoin Islamic scholars still have differences of opinion, there are those who forbid there are also people who allow, if we as entrepreneurs we take the good side if bitcoin for the means of selling is good, I don't think it's a problem

[wily27]

people work hard in it, and they pour money on it and get the job done. It is not against the law in Islam so far, so it should not be haram, bitcoin is not money but digital currency and assets like that and lawful in Islamic law. so for those of you who are Muslim. Don't hesitate because Halal Bitcoin is used for you.

[lepbagong]

I don't think that it does matter which religion you have. I have never heard that dollar has been mentioned in the Islamic religion as well. It is business and financial side has nothing to do with religion

Opinion is very wise because all this time I myself have seen no opinion from followers of the Islamic religion about Bitcoin, they still follow and assume that this is really pure business and there is no other purpose.

[bigbosma]

I don't know much about this religion, but it is quite ancient, and it is unlikely that digital bitcoin technology can be recognized as a currency. But on the other hand, bitcoin does not bear anything bad or reprehensible, it is simply created to improve the modern financial system.

[Elerntta]

It is a pity that there are no official decisions of representatives of this religion about whether Muslims can use bitcoin as money. And everything that is not forbidden is allowed. In addition, bitcoin can hardly create any problems for people professing this religion.

[aryaadikariyansyahsuwarto]

in my opinion, Islam has very strict and clear rules for this problem, because Islam is a religion that has explained everything ... Islam only considers money to be tangible or shaped, so that buying and selling can be done directly or in cash, so that those who hold the money can feel and see for yourself the form of money ..

[BagzMM]

For me bitcoin is a digital money that has a value that needs mined. As what i understood in Islam if it is halal if it is lawful in traditional Islamic law. Maybe they considered it because they know is is lawful to their tradition.

[lalabotax]

An interesting question is whether Bitcoin is money according to Islam.

I often see this post both locally and above. this is quite boring to answer, I think if crypto is contrary to conscience it should leave it especially for bounty hunters.