Cryptocurrency

Ayatullah Sayyed Musa Shubairi Al-Zanjani, detailed his verdict on this issue by saying: If dealing with this type of currency has economic corruption or is contrary to the law, then dealing with it, selling and buying it is problematic. And exchanges with it, and it is not permissible to refer it to another mujtahid. While a number of our scholars went for the permissibility of dealing with it and considering the transaction valid, including Ayatullah Muhammad Saeed Al-Hakim, who said: The crypto currency transaction is permissible, but it may expose the believers’ money to danger, so caution is necessary.. Ayatullah Sayyed Muhammad Sadiq Al-Rouhani said: It is permissible to deal with it through the direct purchase of things through it, or in exchange for its exchanged value against other currencies, whether electronic or paper, and there is no problem with that from this point of view.Among them is Ayatullah Sheikh Muhammad. Ishaq Al-Fayyad who said: It is permissible if it has value and the transactions in it are not approved as a waste of money dealing with usurious transactions. 

There are many other leading scholars in the Hawza of Najaf Ashraf and Qum who also say that dealing with cryptocurrencies is permissible.

Wassalam.

Cryptocurrency dealing is a new financial issue which needs to be very clear for the Marja' of Taqleed to give a verdict on it. Many of our great Maraaje' have not yet issued a verdict on it, while few other Maraaje' have issued verdicts on it.

There are Marje's is Najaf Ashraf and Qum who say that dealing in cryptocurrency is permissible like any other trading provided that it should not contradict with the law of the land and does not harm others.

Wassalam.

As such type of dealings are still not very clear for many scholars, some of our Maraaji' of Taqleed have not yet given any verdict about it, but there are Maraaji' who say that it is allowed to deal with cryptocurrency as far as it is a business not gambling, and has no harm on people and goes according to the rules and regulations of your country.

Wassalam.

Bitcoin is been studied by many Islamic scholars in different levels and accordingly different verdicts have come from different scholars while many leading scholars (Maraaje' of Taqleed) have not issued any verdict waiting for information or research.

Ayatullah Sistani did not issue any verdict regarding Bitcoin till now.

There are scholars in Najaf Ashraf and Qom who say that dealing with Bitcoin is permissible as far as it does not violate the law and does not harm any one.

NFT is still under research among many scholars but the problem with it is lack of evidence that it deals with really existing material. Till we hear a clear verdict from an authentic Marja' of Taqleed, we need to wait unless you are sure that you are buying or selling an existing material.

Wassalam.

The cryptocurrency dealings are still not very clear for many of our Maraaje' of Taqleed keeping in mind the contra-dictionary reports about it. That is why many of them did not give a verdict on this matter till now (2nd January 2022). We might expect verdicts from them after the matter is more clear. Yet, there are few leading Ulama who say that dealing in cryptocurrency business is permissible as far as it is within the regulations and not harming the economic system. According to this verdict, it is allowed to take part in such business. Quick profit or quick loss does not change the validity of the business as far as it is legal and not harming people.

Wassalam.

1. Investing in crypto currencies is allowed according to many leading scholars.

2. Receiving fixed profit is not allowed because it is a type of usury. Your investment should get you a percentage from the profit, if any. Fixed amount of income is not allowed. It should be a fixed percentage from the real profit.

Wassalam.

When your Marja' has not issued a Fatwa (verdict) on a specific matter, you can refer to the second Marja' who is next highest in the degree of knowledge according to most senior Ulama of the Hawza.

Wassalam.

Yes it is permissible to buy and sell like any other lawful businesses. 
'Wassalam.

Yes it is permissible like any other business as far as it is real business and not gambling nor cheating in selling something which is not existing.

Wassalam.

According to many of our leading scholars who studied the present financial market, it is allowed to deal in crypto currencies as far as it is real trade and not gambling or non existing imagination.

'Wassalam.

Bitcoin or any other crypto currency mining is permissible.

'Wassalam.