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Islamic Scholars Rule Cryptocurrency Transactions Impermissible Under Sharia Law
Photo: geo.tv
2026-07-10 10:09   Religion   10

Islamic Scholars Rule Cryptocurrency Transactions Impermissible Under Sharia Law

A fatwa issued by Mufti Muhammad Taqi Usmani, president of Wifaq-ul-Madaris Al-Arabia Pakistan and Darul Uloom Karachi, has declared that purchasing goods with cryptocurrency is not permissible under Islamic law (Shariah).

The ruling, based on expert consultations, states that cryptocurrency lacks the status of 'maal' (wealth) in Shariah law and is merely a record of notional numbers.

The fatwa advises buyers to return items purchased through cryptocurrency, including books and educational courses, as such transactions violate Islamic principles.

The ruling responds to a query about the validity of crypto-based purchases, instructing individuals to delete course materials and cease profiting from unauthorized content.

Experts emphasize that cryptocurrency's nature as a digital ledger rather than tangible property disqualifies it as a legitimate medium for transactions under Islamic jurisprudence.This decision aligns with broader debates on the integration of digital assets into traditional financial systems within Muslim communities.

Full reading at geo.tv

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