FatwaFederal TerritoriesTransactions & Finance
BAYAN LINNAS SIRI KE-153: HUKUM PENGGUNAAN MATA WANG BITCOIN
Is bitcoin a valid currency in Islamic law, and may it be traded and used in transactions?
Short answer
This Bayan Linnas raises two questions: whether bitcoin is a valid currency under Islamic law, and whether it may be traded and used in transactions.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Federal Territories Mufti Office
- Date
- Status
- Opinion (irsyad)
- Series
- Bayan Linnas
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
This Bayan Linnas raises two questions: whether bitcoin is a valid currency under Islamic law, and whether it may be traded and used in transactions. As background, it reviews the history of currency in Islam, where the existing dinar and dirham were accepted by the Prophet and currency issuance has always been in the hands of the authorities. It also notes that Islam stresses the integrity of currency. The text available does not contain the final ruling.
Written in our own words from the original fatwa — check the source before acting on it.
Dapat difahami daripada ayat ini bahawa Islam mementingkan keutuhan mata wang.
Read the full fatwa on the Federal Territories website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Federal Territories Mufti Office. “BAYAN LINNAS SIRI KE-153: HUKUM PENGGUNAAN MATA WANG BITCOIN”, 15 November 2018. https://muftiwp.gov.my/ms/artikel/bayan-linnas/2773-bayan-linnas-153-hukum-penggunaan-mata-wang-bitcoin. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-using-bitcoin-currency/