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It appears the bitcoin and most cryptocurrencies are mostly halal according to islamic scholars however there is no official guidance as of yet.
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November 7, 2017 by webdesk in cfo world. One side claims that anything form the sea is halal, be it fish (including carnivore fish like sharks), shell fish, octopus, quid, crab, shrimp etc. There are a number of criteria that individuals must. There are a number of criteria that individuals must adhere to, in order to ensure their investment or other income is considered halal. Is bitcoin haram islamqa has value in line because it has group action costs that are much lower than credit cards. In shiite jurisprudence and the sunni hanafi school, all fishes that are kosher according to jewish strcitures are halal. Is trade in currency halal?. However, the term halal in relation to cryptocurrency has to halal is an arabic word that means permissible or lawful. Currently operating in nigeria, buroka was designed to fulfill the needs. Answered according to hanafi fiqh by shariahboard.org. Cryptocurrency, bitcoin, ethereum and ripple are now established investment. It is permissible to sell euros for dollars so long as the exchange takes place in the same sitting as the contract is made. Desirability and storability are therefore key considerations for something to be deemed māl.
