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What Do You Think About Bitcoin in Islam?

Answered as per Hanafi Fiqh by DarulIftaBirmingham

Answered by: Shaykh Ahmed Bin Mohamed Umarji


What do you think about bitcoin in Islam?

In the name of Allah, the Most Gracious, the Most Merciful


From an Islamic perspective, Bitcoin will be permissible when it is recognized as a currency by the government.1 Currently it is considered by governments and investors as a fixed asset rather than a currency.2 Based on this understanding Bitcoin will be considered impermissible.

Please also see:


Only Allah knows best

Written by Shaykh Ahmed Bin Mohamed Umarji

Checked and approved by Mufti Mohammed Tosir Miah

Darul Ifta Birmingham

1 https://afinance.org/wp-content/uploads/2017/08/research-paper-on-bitcoin-mufti-faraz-adam.pdf


This answer was collected from DarulIftaBirmingham.co.uk, which is run under the supervision of Mufti Mohammed Tosir Miah from the United Kingdom.

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