What Do You Think About Bitcoin in Islam?

CategoriesTrade, Business & All Things Money [547]

Fatwa ID: 06010


Answered by: Shaykh Ahmed Bin Mohamed Umarji




What do you think about bitcoin in Islam?



In the name of Allah, the Most Gracious, the Most Merciful




From an Islamic perspective, Bitcoin will be permissible when it is recognized as a currency by the government.1 Currently it is considered by governments and investors as a fixed asset rather than a currency.2 Based on this understanding Bitcoin will be considered impermissible.


Please also see:





Only Allah knows best

Written by Shaykh Ahmed Bin Mohamed Umarji

Checked and approved by Mufti Mohammed Tosir Miah

Darul Ifta Birmingham






1 https://afinance.org/wp-content/uploads/2017/08/research-paper-on-bitcoin-mufti-faraz-adam.pdf









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