Is Bitcoin halal?

[Innerpumper]

Arguing about this made me lose my friend. Halal is not a bitcoin depending on how it is used as well as money. Some ustadz say bitcoin syubat cause me to lose my good friend. It's very sad but technology is also a gift to God. And that includes bitcoin itself.

[philipma1957]

Money has no religion and people from each and every religion running everyday to make that money.

People who don't have any jobs are confusing the people because they talk controversial about thinks which are at the trend in the world.IIRC banking with interest rates are also haram as per Shariah law but how many people from that 1.9 Billion in this world having no interest bank account or loans.

If bitcoin is imaginary created using mathematical codes then fiat money too because it was created with paper and promised that it has some value by governments.

Fiat money was backed by gold.
It is now backed by guns of the countries army and police.

So one could argue all fiat money is not halal. As every country with fiat will jail you or kill you for copying or not accepting it's fiat as legal tender. It is pretty much a system based on extortion and not gold.

This then brings us back to bartering only.  Ie some figs for dates. Or olive oil for meat etc.

It is an interesting question asked by the op.

[Findingnemo]

Fiat money was backed by gold.
It is now backed by guns of the countries army and police.


It is an interesting question asked by the op.

I guess it is now backed up by nothing since governments just print the amount which they want to give it to the people.

Even I had similar convo with my friends who are ignorant about blockchain consider that bitcoin is haram but they never know anything about bitcoin other than the name.

[milani]

Really this question is not so easy as it seems to be at first glance. The hardest questions are those where religion is present, and especially where the rules or points of laws are with double meaning or without a fine line between yes and no. But it is not only in your country such a situation with crypto. Lots of countries have lots of ambiguous laws of such kind, where the user stays with lots of questions, and lots of them even do not connected with crypto. And the reason is not in the religion mostly.

[nightxglow]

I think that this thing will surely always be controversial, and there will be no confirmed "halal" or "haram" that will be accepted by all, since the rules about bitcoin is not stated in Quran, so we can only make assumptions about it.
However, i guess as long as the intention is good, then i think it's okay. I'm not saying that this is true, since i'm not an expert in that religion, however nothing bad will come from good intention right? and life will be so hard if we try to make everything "haram". World will always change, and there might be new things that's out of out control. In fact, in my country with the biggest muslim population, even the use of online money or digital wallet is considered haram by lots of people, stocks are haram as well, banks are haram. Lots of things are haram for some people. But there are some who don't think so. I think we should be able to adjust to the world's development, and accept it as long as it's good. Of course if it's bad we should not accept it, let it be haram. That's fine.

[BuNga_cute]

I think people who say Bitcoin is haram may not really understand Bitcoin, maybe even haven't tried using Bitcoin at all. So it could be that people
who say Bitcoin is haram because of the wrong information. Because for me Bitcoin is not much different from fiat, so why mention Bitcoin haram
while fiat is not. I think Bitcoin is haram because getting Bitcoin in a bad way, or using Bitcoin for bad purposes.

[Ucy]

To be honest, I think a currency or other things can be defiled by the immoral things they are used for. Alot of things have been defiled in this way in our world but we still use them anyway, especially as we don't know what they have been used for in the past . Fortunately, Bitcoin makes it easy to track what users are using it for... Hopefully in the future, it should be possible to destroy coins that have been used for evil and replace them with new coins. This is part of the reasons I prefer the transparency of Bitcoin to other financial systems.

[kolbalish]

I don't want to say anything specific. Because there are many more wise people to justify this. It can be seen that people are engaging in illegal activities by hiding their identities. Which is not supposed to be legal at the moment. The rest of the great scholars can say well. We hope that anyone who knows the information with reference will let us know.

[bandungan]

we cannot impose our own thinking, because everyone has a different version of religion. we can have halal options, but other people cannot accept halal options. it is part of a difference of opinion. so I think bitcoin or halal is in each user and not worthy of debate in any form

[yhiaali3]

In my opinion, fanatical clerics who have a medieval mindset will not be able to decide whether Bitcoin is "halal" or "haram", they do not understand what Bitcoin is basically until they can make their correct judgment.
The Islamic religion is a great source of Sharia, and it is a flexible religion that is not static, meaning that it is compatible with all ages, and rulings that change with time can be devised
The Islamic religion leaves the door of ijtihad open for matters that do not have clear provisions of Sharia, but this work must be performed by men who possess the appropriate scientific qualifications and not by clerics who adhere strictly to the rulings of the past and reject every interpretation that differs with their old opinions that reject all new.
So, in my opinion, everyone will be able to determine whether Bitcoin is "halal" or "haram" by himself without referring to the clergy.

[hulla]

Is Bitcoin halal? Yes, it is.
The consideration of Bitcoin investment to be haram is only an impression of Bitcoin haters or people who don't have a good understanding of Bitcoin and consider it to be an instrument used for negative activities. Besides, only the things that are done in an evil way are haram, and last time I check Bitcoin is also an asset just like Gold and if Muslims invest in Gold why would they consider Bitcoin to be haram.

[kawetsriyanto]

~

Yep, you are right. Most people stated Bitcoin haram because they don't understand Bitcoin. Or only know Bitcoin is used for illegal issues like gambling, money laundering, or other bad things. In fact, those illegal issues are small cases in crypto right now. While Bitcoin is mostly used for investing or trading like Gold or Forex. This is only about misunderstanding Bitcoin, a problem of less education about Bitcoin to our society. Gradually, all people will know about the real fact of Bitcoin, including Muslim society. Once they know no harm in Bitcoin, our Muslim society will be aware that Bitcoin isn't haram.

[Luzin]

Is Bitcoin halal? Yes, it is.
~snip~

Basically I think they have disagreements. They have arguments which they believe are based on religion. For this reason, there are two opinions so far. As long as these two views respect each other I don't think there will be a problem. Maybe from the many who think it is not halal, they do not examine it in detail. They conclude from the words and as far as what he sees.

[Pamadar]

Is Bitcoin halal? Yes, it is.
The consideration of Bitcoin investment to be haram is only an impression of Bitcoin haters or people who don't have a good understanding of Bitcoin and consider it to be an instrument used for negative activities. Besides, only the things that are done in an evil way are haram, and last time I check Bitcoin is also an asset just like Gold and if Muslims invest in Gold why would they consider Bitcoin to be haram.

Following this logic then it's good to go. Just the same there are muslim people who treat this as investment,

the same way their treating gold and other assets, there's no clear position that solidify the claim of being haram. And if Bitcoin
is halal then muslim community will support this as if I remember it correctly all the things that consider halal are most welcome
to the muslim community.

[pankowri]

A most important subject for Muslim crypto users and these comments will help us to understand well. Muslims should confirm first their Halal risk and the way they choose for finding work should be safe for nations. As much I know from here that scholars say positive about BTC makes me relief but want to know more about that.

[slaman29]

Fiat money was backed by gold.
It is now backed by guns of the countries army and police.
It is an interesting question asked by the op.

I guess it is now backed up by nothing since governments just print the amount which they want to give it to the people.

Even I had similar convo with my friends who are ignorant about blockchain consider that bitcoin is haram but they never know anything about bitcoin other than the name.

That's what philipma1957 is saying I guess. It used to be backed by gold reserves but now since there is no value behind it, then governments have to use force and police to batter people into submission. See Venezuela. People wanted to use Bitcoin and they robbed them and force them to use their bolivar;)

In my experience people who are so vocal about haram have no problem doing haram things like cheating and lazing off at work, which is more haram than alcohol or gambling by the way.

[Kittygalore]

Following this logic then it's good to go. Just the same there are muslim people who treat this as investment,

the same way their treating gold and other assets, there's no clear position that solidify the claim of being haram. And if Bitcoin
is halal then muslim community will support this as if I remember it correctly all the things that consider halal are most welcome
to the muslim community.

The problem with bitcoin being categorized as halal or haram is that the guidelines to know which is which is pretty vague and archaic. I would consider it as halal as it isn't that different with other forms of investments and as @Pamadar said, they treat gold as halal which means that there isn't anything that should be stopping them from deciding that bitcoin is halal.

[Republikcoin.com]

We know that the legal basis for Muslims is the Qur'an and hadiths, whereas in the Qur'an and hadiths there is no detailed discussion of Bitcoin.
Thus, Muslim professors took more action to adopt a law that is most similar in its application from the time of the Prophet Muhammad to today's problems.
Muslim law ensures halal or haram based on the purpose for which someone uses the related item (in this context it is Bitcoin). However, the limited material that explores this matter has made a lot of Muslims have different opinions.

When a Muslim owns Bitcoin and uses it for purposes such as gambling, speculation or other illegal purposes, it makes Bitcoin haram for him.

But if he uses Bitcoin as a means to raise humanitarian funds, or just owns it like owning shares and and forget about it (not speculation), and to buy coffee at the cafe then Bitcoin is not haram.

[aysg76]

Bitcoin is just another source of investment like other assets in stock,real estate, government bonds or gold and is purchased through DEX, CEX or OTC exchanges or directly P2P and it's not any illegal thing to do.Who.said it is purchased through gambling?You are wrong it is not purchased in gambling but you can bet your btc and big huge amounts with your bets which might be prohibited in Muslim Law.Just another day one of the members posted that Muslim law is against staking which was again a misconception same like you.Anything which is good for you and your community is Halal and btc is giving benefits to persons in the form and investment and economic growth until you are using it for some illicit purpose which will definitely be considered as Haram.So good or bad depends upon it's usage.

[Lordhermes]

Islamic regulations can hinders the adoption of bitcoin and other cryptocurrency in the Islamic region based in some sort of laws regulating to the usage of digital assets. Therefore, majority of Islamic followers are often too desperate in respecting their laws of finances more than their income. I'm very sure this thread is likely talking the actual truth in the Islamic society. In general religious plays no role of financial dependence among the crypto enthusiast., I would advise you should be adhere to any religion if you really want to be find yourself in a wealthy environment.