Is bitcoin halal or haram in Islam?

According to most scholars, bitcoin is halal as it has social acceptance. A few argue that it is haram since it is volatile, risky, and doesn’t have any intrinsic value.

Is cryptocurrency allowed in Islam?

There is no clear Islamic law defining the validity of cryptocurrencies.

Is bitcoin halal as an investment?

As long as the investment is used to fund halal activities, bitcoin investment is halal, scholars believe.

Is bitcoin Sharia-compliant?

Yes. Bitcoin is Sharia-compliant, according to many scholars.

Is bitcoin legal in Saudi Arabia?

Cryptocurrencies are not legally banned in Saudi Arabia. However, there is no legal protection for the losses incurred.

Page 71 – BeInCrypto

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