The question of whether Bitcoin or other cryptocurrencies are considered halal (permissible) or haram (forbidden) in Islam is a topic of debate among scholars. There is no specific mention of digital currencies in the Quran as it was written over 1,400 years ago and does not directly address modern financial instruments.
Islamic scholars have different opinions on the matter, and their views often depend on the specific characteristics of cryptocurrencies and how they align with Islamic finance principles. Some argue that cryptocurrencies may be considered halal if they meet certain criteria, such as not involving interest (riba), not being used for illegal activities, and providing a clear and transparent purpose.
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Is Bitcoin Halal Or Haram?
The question of whether Bitcoin or other cryptocurrencies are considered halal (permissible) or haram (forbidden) in Islam is a topic of debate among scholars. There is no specific mention of digital currencies in the Quran as it was written over 1,400 years ago and does not directly address modern financial instruments.
Islamic scholars have different opinions on the matter, and their views often depend on the specific characteristics of cryptocurrencies and how they align with Islamic finance principles. Some argue that cryptocurrencies may be considered halal if they meet certain criteria, such as not involving interest (riba), not being used for illegal activities, and providing a clear and transparent purpose.