Islamic Law on Cryptocurrencies
https://doi.org/10.22311/2074-1529-2023-19-3-83-98
Abstract
This paper provides a brief explanation of the block chain and the concept of “crypto currency”, followed by an analysis of Bitcoin for permissibility from the point of view of Shari‘ah. The decisions of well-known houses of fatwas were considered, and a number of criteria were developed and adopted with the help of which the Shari‘ah position of a particular crypto currency can be assessed. The article identifi es provisions and decisions that can become the basis for issuing fatwas related to issues that concern many Muslims who care about the permissibility of their earnings.
Keywords
About the Author
R. A. Tugushev
Spiritual Administration of Muslims of the Russian Federation
Russian Federation
Russian Federation
Rashit A. Tugushev, member of the Council of Ulems of the Spiritual Administration of Muslims of the Russian Federation, teacher at the Sheikh Said madrasah
Tatarskaya Str., 10/12 Saratov, 410003
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Review
For citations:
Tugushev R.A. Islamic Law on Cryptocurrencies. Islam in the modern world. 2023;19(3):83-98. (In Russ.) https://doi.org/10.22311/2074-1529-2023-19-3-83-98
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