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Scholars differ Money & business

Is cryptocurrency halal?

Short answer

Contemporary scholars differ. Some permit holding and trading it as a digital asset or medium of exchange when it has real use and is traded without interest or deception. Others forbid it because of heavy speculation, uncertainty (gharar), the risk of losing everything and its use in crime. The Quran commands trade by mutual consent without taking wealth unjustly (4:29). Ask a scholar about the specific coin and how you will use it.

Evidence

Quran

يَٰٓأَيُّهَا ٱلَّذِينَ ءَامَنُوا۟ لَا تَأْكُلُوٓا۟ أَمْوَٰلَكُم بَيْنَكُم بِٱلْبَٰطِلِ إِلَّآ أَن تَكُونَ تِجَٰرَةً عَن تَرَاضٍۢ مِّنكُمْ ۚ وَلَا تَقْتُلُوٓا۟ أَنفُسَكُمْ ۚ إِنَّ ٱللَّهَ كَانَ بِكُمْ رَحِيمًۭا ﴿٢٩﴾

Wahai orang-orang yang beriman, janganlah kamu makan (gunakan) harta-harta kamu sesama kamu dengan jalan yang salah (tipu, judi dan sebagainya), kecuali dengan jalan perniagaan yang dilakukan secara suka sama suka di antara kamu, dan janganlah kamu berbunuh-bunuhan sesama sendiri. Sesungguhnya Allah sentiasa Mengasihani kamu.

This is general information, not a fatwa. For your own situation, ask a qualified scholar.

Questions about halal and haram

Is cryptocurrency halal?

Contemporary scholars differ. Some permit holding and trading it as a digital asset or medium of exchange when it has real use and is traded without interest or deception. Others forbid it because of heavy speculation, uncertainty (gharar), the risk of losing everything and its use in crime. The Quran commands trade by mutual consent without taking wealth unjustly (4:29). Ask a scholar about the specific coin and how you will use it.

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