FatwaSarawakTransactions & Finance
FATWA HUKUM PENGGUNAAN MATA WANG KRIPTO (CRYPTOCURRENCY)
Is it permissible to use cryptocurrency for investment, trading and storing assets?
Short answer
Under this Majlis Islam Sarawak fatwa, using cryptocurrency is permissible for investment, trade and storage of assets if certain conditions are met.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Sarawak State Mufti Department
- Status
- Fatwa committee decision
- Series
- Info Fatwa
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Under this Majlis Islam Sarawak fatwa, using cryptocurrency is permissible for investment, trade and storage of assets if certain conditions are met. Transactions must go through a licensed exchange platform approved and regulated by the authorities, and users must understand the types, risks, ways of obtaining and storing it, platform rules and related laws. Cryptocurrency may not be used to pay for goods, services or activities that are not Shariah compliant, and the Securities Commission decision classifying it as a commodity is accepted along with its conditions.
Written in our own words from the original fatwa — check the source before acting on it.
Hukum Penggunaan Mata Wang Kripto (Cryptocurrency) adalah harus digunakan untuk menjalankan urus niaga sama ada bagi tujuan pelaburan, perdagangan dan aset simpanan sekiranya memenuhi parameter berikut :
Read the full fatwa on the Sarawak website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Sarawak State Mufti Department. “FATWA HUKUM PENGGUNAAN MATA WANG KRIPTO (CRYPTOCURRENCY)”, date not stated. https://muftinegeri.sarawak.gov.my/web/subpage/fatwa_list/#fatwa-hukum-penggunaan-mata-wang-kripto-cryptocurrency. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-on-using-cryptocurrency-sarawak/