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    Thread: Investment in Bitcoin is Halal or Haram

    1. #1
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      Default Investment in Bitcoin is Halal or Haram

      Dear I have read a news in a newspaper that's an Saudi Arabs Mufti said that it is haram to invest in Bitcoin currency because Bitcoin is a major source of money laundering..
      Many people do a legitimate business by means of Bitcoin currency Bitcoin provides black marketing that's why some of the says that it is haram to invest in Bitcoin
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    2. The following 3 users say Thank You to forex-master-anty for this useful post.

      dedy hari kurniawan (01-13-2019), Unregistered (2)

    3. #2
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      Default Re: Investment in Bitcoin is Halal or Haram

      There are differences of opinion here, because some people say it's lawful, and some say it's illegal. However, when considering the risks and the possibility of too large profits in a short time, and of course the crypto currency has not been legalized in an Islamic country, then we better avoid it.


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      dedy hari kurniawan (01-13-2019)

    5. #3
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      Default Re: Investment in Bitcoin is Halal or Haram

      It is halal actually many of the scholars said and they also prefer to invest and use this to learn for the future of the currency development, and I certainly do believe that it is halal and as for the money laundering thing is that either it is paper currency or digital one they still laundering the money through many other channels it is not going to stop no matter what.
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      dedy hari kurniawan (01-13-2019)

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      Default Re: Investment in Bitcoin is Halal or Haram

      That one country or another portrays Bitcoin or the others illegitimate or any other prosaic language used to discredit it is never of traders concern. I read on the news that Saudi Arabia is launching its own cryptocurrency any time soon this year, and I belief all the Central banks will follow suit. It's in a bid to make people adhere to their own which comes that they said so.


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      dedy hari kurniawan (01-13-2019)

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      Default Re: Investment in Bitcoin is Halal or Haram

      Investing has no connection with Halal or Haram because we seek profit to finance our own lives unless you invest illegally. Investment in Bitcoin is the same as that, so as long as we invest in the right way then it is not related to Halal or Haram. It is different if you invest by deceiving then it is Haram to do it and the results are not blessed. Actually, Halal or Haram in investing.. we do not judge appropriately because those who can judge precisely only God. The point is investing in Bitcoin or any business is not a problem as long as we do not use a misguided way.
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