FatwaKelantanTransactions & Finance
HUKUM DUIT DIGITAL (BITCOIN) MENURUT PERSPEKTIF ISLAM
What is the Islamic ruling on using the digital currency Bitcoin for buying, selling and other transactions?
Short answer
The Council of Ulama of the Kelantan Islamic Religious and Malay Customs Council, meeting on 2 May 2018, ruled that using Bitcoin for sales, purchases, leasing and other transactions is not permitted under Islamic law.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Kelantan State Mufti Department
- Status
- Fatwa committee decision
- Series
- Fatwa Tidak Diwartakan: Sosial/Syariah
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Council of Ulama of the Kelantan Islamic Religious and Malay Customs Council, meeting on 2 May 2018, ruled that using Bitcoin for sales, purchases, leasing and other transactions is not permitted under Islamic law. The reasons given include the lack of a central controlling body, non-compliance with virtual regulation and security systems, and conflict with the centralised financial systems of states and central banks. It is also considered to contain gharar and jahalah, and to be used for illicit activities and to evade security agencies.
Written in our own words from the original fatwa — check the source before acting on it.
mesyuarat bersetuju memfatwakan hukum penggunaan duit digital (Bitcoin) untuk membuat penjualan, pembelian, pajakan dan urusan niaga lain adalah tidak diharuskan menurut syarak.
Read the full fatwa on the Kelantan website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Kelantan State Mufti Department. “HUKUM DUIT DIGITAL (BITCOIN) MENURUT PERSPEKTIF ISLAM”, date not stated. https://mufti.kelantan.gov.my/index.php?view=article&id=114:hukum-duit-digital-bitcoin-menurut-perspektif-islam&catid=56. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/islamic-ruling-on-bitcoin-transactions/