Is the purchase or sale of bitcoins allowed in Islam? Does it make a difference if they are used to make online transactions or accumulated for an expected rise in value against regular fiat currencies?
Is the purchase or sale of bitcoins allowed in Islam? Does it make a difference if they are used to make online transactions or accumulated for an expected rise in value against regular fiat currencies?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 2 years ago
Buying and selling Bitcoins and other crypto currencies is allowed just like buying and selling any other coin.
Wassalam.