FatwaSelangorTransactions & Finance
Hukum Matawang Kripto (Cryptocurrency) : Satu Analisa Syarak
Is transacting with cryptocurrency permissible under Islamic law in Selangor?
Short answer
The Selangor State Fatwa Committee ruled that transactions using digital currency are permissible, whether as a medium of payment, for remittance or as a store of value.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Selangor State Mufti Department
- Status
- Fatwa committee decision
- Series
- Keputusan Fatwa Tidak Diwartakan
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
The Selangor State Fatwa Committee ruled that transactions using digital currency are permissible, whether as a medium of payment, for remittance or as a store of value. This permissibility is subject to conditions. Transactions must be made through a licensed exchange platform approved and regulated by the relevant authority, and users must understand the types, features, risks, technical storage matters, platform rules and applicable laws. Digital currency must also not be used to pay for non-Shariah-compliant goods, services or activities such as drugs, prostitution, gambling, terrorism financing and money laundering.
Written in our own words from the original fatwa — check the source before acting on it.
Harus untuk menjalankan urus niaga menggunakan mata wang digital sama ada sebagai perantara pembayaran (medium of payment), pemindahan wang (remittance) dan aset simpanan sekiranya memenuhi parameter-parameter di bawah:
Read the full fatwa on the Selangor website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Selangor State Mufti Department. “Hukum Matawang Kripto (Cryptocurrency) : Satu Analisa Syarak”, date not stated. https://www.muftiselangor.gov.my/2023/10/27/hukum-matawang-kripto-cryptocurrency-satu-analisa-syarak/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-cryptocurrency-transactions-selangor/