Cryptocurrency

Some Marraje' of Taqleed say that it is permissible to invest in crypto currencies as far as it does not cause harm to anyone and does not break the law of the land, while other Maraaje; of Taqleed did not issue any verdict in this matter, so you should follow your Marje' of Taqleed.

Wassalam.

Ayatullah Sayed Musa Shubayri Zanjani is a well known jurist in Qum who says that dealing with cryptocurrency is permissible if it does not harm others and does not not break the law of the land.

Wassalam.

You need to write directly to you Marje’ of Taqleed as there are different opinions between the Maraaje’ on these matters. Some of them say it is allowed while others don’t allow it.

‘Wassalam.

According to the Maraaje' ( Great scholars) who allow crypto dealings, it is permissible to accept such offer.

'Wassalam.

Salamun Alaykum wr wb

As Ayatullah Sistani did not issue a verdict on cryptocurrencies yet, I advise you to write your question to [email protected] or [email protected]

It is permissible according to the verdict of many leading Ulama in the Hawza as far as the trading does not involve any forbidden business.

wasalam.

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.

As far as the products are usually used in lawful business which does not harm people , then we have no reason to object on it or claim that it is Haraam.

‘Wassalam.

Ayatullah Sayyed Musa Shubairi Al-Zanjani, detailed his verdict on this issue by saying: If dealing with this type of currency has economic corruption or is contrary to the law, then dealing with it, selling and buying it is problematic. And exchanges with it, and it is not permissible to refer it to another mujtahid. While a number of our scholars went for the permissibility of dealing with it and considering the transaction valid, including Ayatullah Muhammad Saeed Al-Hakim, who said: The crypto currency transaction is permissible, but it may expose the believers’ money to danger, so caution is necessary.. Ayatullah Sayyed Muhammad Sadiq Al-Rouhani said: It is permissible to deal with it through the direct purchase of things through it, or in exchange for its exchanged value against other currencies, whether electronic or paper, and there is no problem with that from this point of view.Among them is Ayatullah Sheikh Muhammad. Ishaq Al-Fayyad who said: It is permissible if it has value and the transactions in it are not approved as a waste of money dealing with usurious transactions. 

There are many other leading scholars in the Hawza of Najaf Ashraf and Qum who also say that dealing with cryptocurrencies is permissible.

Wassalam.

Cryptocurrency dealing is a new financial issue which needs to be very clear for the Marja' of Taqleed to give a verdict on it. Many of our great Maraaje' have not yet issued a verdict on it, while few other Maraaje' have issued verdicts on it.

There are Marje's is Najaf Ashraf and Qum who say that dealing in cryptocurrency is permissible like any other trading provided that it should not contradict with the law of the land and does not harm others.

Wassalam.

As such type of dealings are still not very clear for many scholars, some of our Maraaji' of Taqleed have not yet given any verdict about it, but there are Maraaji' who say that it is allowed to deal with cryptocurrency as far as it is a business not gambling, and has no harm on people and goes according to the rules and regulations of your country.

Wassalam.

Bitcoin is been studied by many Islamic scholars in different levels and accordingly different verdicts have come from different scholars while many leading scholars (Maraaje' of Taqleed) have not issued any verdict waiting for information or research.

Ayatullah Sistani did not issue any verdict regarding Bitcoin till now.

There are scholars in Najaf Ashraf and Qom who say that dealing with Bitcoin is permissible as far as it does not violate the law and does not harm any one.

NFT is still under research among many scholars but the problem with it is lack of evidence that it deals with really existing material. Till we hear a clear verdict from an authentic Marja' of Taqleed, we need to wait unless you are sure that you are buying or selling an existing material.

Wassalam.