1

Is Bitcoin Halal or Haram, as it is completely computerized money. It has no physical existence … issued or controlled by any bank or government.

Answered according to Hanafi Fiqh by Darulifta Deoband Waqf
Prev Question
Next Question
Is Bitcoin Halal or Haram, as it is completely computerized money. It has no physical existence and is not issued or controlled by any bank or government.

Answer:

Ref. No. 40/1177

In the name of Allah the most Gracious the most Merciful

The answer to your question is as follows:

When the bitcoin is not controlled or issued by the government, it would be regarded as a ‘fake currency’.  One should avoid buying or selling such a fake currency. One day it may cause a big loss to your wealth.

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband

This answer was collected from the official website of Darul Uloom Deoband Waqf. The institution is based in India and the answers are provided in accordance to the Hanafi Fiqh.

Sidebar