Darul Iftaa Mahmudiyyah

Bitcoin Mining

· 23 Muharram 1439 AH1 min readFatwa 38468English

Question

I want to know the permisibility of bitcoin/Dascoin, a form of cryptocurrency in Islam.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

Kindly the Darul Iftaa’s position on bitcoin and cryptocurrency on Fatwa 38905.

And Allah Ta’āla Knows Best

Aboobakr Siddeeq bin Mufti Amjad Mohammad

Student Darul Iftaa

Azaadville, JHB, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

Answered by
Aboobakr Siddeeq bin Mufti Amjad Mohammad
Checked & approved by
Mufti Ebrahim Desai
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Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/38468
Fatawa SA: https://fatawa.co.za/fatwa/askimam-38468

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