Is Bitcoin Halal or Haram, as it is completely computerized money. It has no physical existence and is not issued or controlled by any bank or government.
asked Aug 30, 2019 in Miscellaneous by Samina Naz

1 Answer

Ref. No. 40/1177

In the name of Allah the most Gracious the most Merciful

The answer to your question is as follows:

When the bitcoin is not controlled or issued by the government, it would be regarded as a ‘fake currency’.  One should avoid buying or selling such a fake currency. One day it may cause a big loss to your wealth.

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband
answered Sep 12, 2019 by Darul Ifta