{"id":24323,"date":"2022-04-04T23:21:58","date_gmt":"2022-04-04T23:21:58","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/home\/?p=24323"},"modified":"2022-04-04T23:21:58","modified_gmt":"2022-04-04T23:21:58","slug":"what-do-you-think-about-bitcoin-in-islam","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/what-do-you-think-about-bitcoin-in-islam\/","title":{"rendered":"What Do You Think About Bitcoin in Islam?"},"content":{"rendered":"

Fatwa ID: 06010<\/strong><\/span><\/p>\n

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Answered by: Shaykh Ahmed Bin Mohamed Umarji<\/strong><\/span><\/p>\n

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Question:<\/u><\/strong><\/span><\/p>\n

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What do you think about bitcoin in Islam?<\/span><\/p>\n

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

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Answer:<\/u><\/strong><\/span><\/p>\n

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

\u00a0<\/strong><\/span><\/p>\n

Please also see:<\/strong><\/span><\/p>\n

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https:\/\/daruliftabirmingham.co.uk\/investing-into-bitcoin\/<\/span><\/p>\n

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Only Allah knows best<\/span><\/p>\n

Written by Shaykh Ahmed Bin Mohamed Umarji<\/span><\/p>\n

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

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

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1<\/a> https:\/\/afinance.org\/wp-content\/uploads\/2017\/08\/research-paper-on-bitcoin-mufti-faraz-adam.pdf<\/span><\/p>\n

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2<\/a>https:\/\/www.thebalance.com\/is-bitcoin-a-commodity-4126544#:~:text=Bitcoin%20does%20not%20flow%20through,are%20only%2021%20million%20coins.<\/span><\/p>\n

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Fatwa ID: 06010   Answered by: Shaykh Ahmed Bin Mohamed Umarji   Question:   What do you think about bitcoin in Islam?     In…<\/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":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/24323"}],"collection":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=24323"}],"version-history":[{"count":2,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/24323\/revisions"}],"predecessor-version":[{"id":24992,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/24323\/revisions\/24992"}],"wp:attachment":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=24323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=24323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=24323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}