What is the correct ruling regarding the trade of cryptocurrencies and, in particular, bitcoin. Do the rulings differ between the scholars on this matter?
What is the correct ruling regarding the trade of cryptocurrencies and, in particular, bitcoin. Do the rulings differ between the scholars on this matter?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 2 years ago
As this matter is still under research and discussion between our Islamic scholars, there is different opinions on it. Some scholars prefer to wait to get full details before issuing a verdict, e,g Ayatullah Siatani who did not give a verdict on cryptocurrency till now. There are scholars who said that it is allowed to deal in cryptocurrency as fas it does not violate the rules and regulations of the country where you live, and it does not harm others.
Wassalam.