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Bitcoin: Halal or Haram Investment?

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: Is investing in Bitcoins halaal or haram?

Bismillaah

A: The ulama have not yet regarded Bitcoin as a currency. Hence, you should refrain from it.

And Allah Ta’ala (الله تعالى) knows best.

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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