There are many different categories of cryptocurrencies. Some are haram and some are halal according to Islamic Sharia. Here we go through… Continue reading on
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Indonesian Islamic organization issues new fatwa against crypto use
The fatwa pointed towards two critical issues with cryptocurrencies that make them illegal as an investment tool as well as a medium of exchange.
Read moreUnderstanding Bitcoin
The best way to understand Bitcoin is with an analogy right out of the Quran: Are you not aware that Allah knows all that is
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Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency
A provincial branch of one the largest Islamic organizations in Indonesia has declared cryptocurrency “haram,” or forbidden under religious law. The decision came after a
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Religious Ban on Cryptocurrencies Provokes Social Media Reproach in Ingushetia
A decision by a prominent religious body in Ingushetia to prohibit dealings with cryptocurrency has sparked controversy in the predominantly Muslim Russian republic. Critics have
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New Australian Islamic finance DeFi platform is ‘guided by Sharia’
Islamic finance is not always compatible with DeFi’s focus on risk and yield. A new platform aims to blend the best of both.
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