{"id":17976,"date":"2020-11-09T20:33:43","date_gmt":"2020-11-09T20:33:43","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/?p=17976"},"modified":"2020-11-09T20:33:43","modified_gmt":"2020-11-09T20:33:43","slug":"is-there-anything-that-makes-crypto-currency-haram","status":"publish","type":"post","link":"http:\/\/daruliftabirmingham.co.uk\/home\/is-there-anything-that-makes-crypto-currency-haram\/","title":{"rendered":"Is There Anything That Makes Crypto Currency Haram"},"content":{"rendered":"

\n\tFatwa ID: 04464<\/strong><\/span><\/span>\n<\/p>\n

\n\tAnswered by: Maulana Imran Mughal<\/span><\/span><\/strong>\n<\/p>\n

\n\t \n<\/p>\n

\n\tQuestion-<\/u><\/strong><\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\tSalam, sheikh, is there anything I need to be careful about cryptocurrency business?<\/span><\/span>\n<\/p>\n

\n\tIs there anything that makes cryptocurrency Haram?<\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\t \n<\/p>\n

\n\t\u0628\u0650\u0633\u0652\u0645\u0650 \u0627\u0644\u0644\u0647\u0650 \u0627\u0644\u0631\u0651\u064e\u062d\u0652\u0645\u0646\u0650 \u0627\u0644\u0631\u0651\u064e\u062d\u0650\u064a\u0652\u0645<\/span><\/span><\/span><\/strong>\n<\/p>\n

\n\tIn the name of Allah, the Most Gracious, the Most Merciful.<\/u><\/strong><\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\t \n<\/p>\n

\n\tAnswer<\/u><\/strong><\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\tAccording to the latest research paper on the issue of Bitcoin, Mufti Faraz Adam concludes that three conditions were laid for something to be considered money: Mal, Taqawwum, and Thamaniyyah. According to his paper, only two of the three were found in Bitcoin.<\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\tTowards the end of the paper he mentions that “nevertheless, any return on Bitcoin investments would be lawful and Shariah-compliant.”[1]<\/a><\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\tContemporary scholars have differed regarding the permissibility of Bitcoin\/cryptocurrency. The best and safest approach would be to refrain from it until further research is conducted in this matter.<\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\tMufti Faraz Adam has a paper on this topic that can be found online, as well as other short articles written by ulama that have specialized in the field of Islamic Finance.<\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\t \n<\/p>\n

\n\tOnly Allah Knows Best<\/span><\/span>\n<\/p>\n

\n\tWritten by Maulana Imran Mughal<\/span><\/span>\n<\/p>\n

\n\tChecked and approved by Mufti Mohammed Tosir Miah<\/span><\/span>\n<\/p>\n

\n\tDarul Ifta Birmingham<\/span><\/span>\n<\/p>\n

\n\t <\/p>\n

\n\t\t \n\t<\/p>\n

\n
\n

\n\t\t\t[1]<\/a> Mufti Faraz Adam, Bitcoin: Shariah Compliant?<\/em><\/span><\/span>\n\t\t<\/p>\n

\n\t\t\t \n\t\t<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Fatwa ID: 04464 Answered by: Maulana Imran Mughal   Question-   Salam, sheikh, is there anything I need to be careful about cryptocurrency business? Is there…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[],"_links":{"self":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/17976"}],"collection":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=17976"}],"version-history":[{"count":2,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/17976\/revisions"}],"predecessor-version":[{"id":17994,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/17976\/revisions\/17994"}],"wp:attachment":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=17976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=17976"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=17976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}