Whether or not bitcoin is halal has been a point of contention for many muslims as well as several islamic banks and financial authorities in recent years. The case for bitcoin being halal.
However majority of scholars so far sure that trading in bitcoin is not halal because it has no value in and of itself.
Bitcoin halal or haram in urdu. Apakah halal atau haram. There are some rules that consider bitcoin halal while others consider it haram. This has left many muslims worried about investing in cryptocurrencies particularly during times of extreme growth since they couldn t be sure whether the appreciation of their investment would be considered haram forbidden or.
Despite the uncertainty that still comes with bitcoin being halal or haram there is a real case for it being halal. Bitcoin halal or bitcoin haram is a concept that is not going to be resolved easily. In fact btc shares a few core principles with the islamic canonical law as the blockchain technology that came with it is in line with shariah s goal of reducing uncertainty.
Neither any economic strength gives it value nor it.