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Cryptocurrency

Answered according to Hanafi Fiqh by ShariahBoard.org

Assalamualaikum Wr Wb,

 
Brother, I want to know if investing in CryptoCurrency is Halal or Haram?
 
Could you please confirm?
 

 

Cryptocurrency

الجواب وبالله التوفيق

None of the current prevalent ways in which cryptocurrencies are being issued and used are considered permissible at this time. It is impermissible to get involved in any transactions related to any types of cryptocurrencies including bitcoins etc.

واللہ اعلم بالصواب

This answer was collected from Shariahboard.org. It was established under the supervision of the eminent faqih of our era, Hazrat Shah Mufti Mohammed Navalur Rahman damat barakatuhum.

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