Mufti taqi usmani bitcoin

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Google Scholar Manzur, I. The Directorate of Religious Affairs. Navigation Find a journal Publish with us Track your research. Google Scholar Download references.

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Mufti Taqi Usmani Sahab About Bitcoins and Cryptocurrency
Answer by Mufti Muhammad Taqi Usmani. �For now, we are not satisfied with it. It is mostly being used for speculative purposes. Personally, I. According to Mufti Taqi Usmani, �Currencies are originally a medium of exchange, and making them a tradable commodity for profit earning is. Mufti Taqi Usmani has a different perception, arguing that Bitcoin and other cryptocurrencies are haram because they are used in speculative.

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A business that does not have an element of appropriate loss probability within its assets does not strictly comply with Sharia law. This is why Shaykh Ziyaad has warned everyone to be cautious about their investments before investing in crypto. He also said that if in the future cryptocurrencies are backed by real assets , he may have to revisit his current decision, but at this moment there is no sound evidence to consider it halal in Islam.

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