Assalaamu Aleikum everyone and happy 2018. The end of 2017 saw a lot of shake up and talk in Muslim world as it relates to cryptocurrency as we had at least 2 prominent scholars give fatwas (legal opinions based on Islamic law) saying that Bitcoin, and cryptocurrency as whole, is haram. Today I would like to take a closer look at one of those fatwas. Insha'Allah we will look at the fatwa given by Sheikh Assim Al Hakeem as I will be providing commentary on his reasoning behind his fatwa. Are there areas of sincere misunderstanding by our scholars with this new technology? Are there legitimate concerns that our scholars mention that we should heed? Please do read on to find out more.
Is Bitcoin Halal Series: Is Investing in Bitcoin Halal or Haram?
Assalaamu Aleikum. Finally! The end of our series culminates with part 4 in our 4 part series, Is Bitcoin Halal Series - A Deeper Look at the Permissibility of Bitcoin According to the Sharia. Have you wondered whether investing in Bitcoin is halal or haram? Are you looking at certain websites wondering whether or not these websites are legitimate or worth investing in? Well if these are your questions, then please read on.
Is Bitcoin Halal Series: Mining - Is Bitcoin Mining Halal or Haram?
Assalaamu Aleikum and welcome to part 3 in our 4 part series called, Is Bitcoin Halal Series - A Deeper Look at the Permissibility of Bitcoin According to the Sharia. In part 3 of our series we'll talk about Bitcoin mining and today we ask the question, is Bitcoin mining halal or haram? Want to find out the answer? Well click on "Read More" and let's find out together.
Is Bitcoin Halal Series: Trade - Is Trading Bitcoin Halal or Haram?
Assalaamu Aleikum and welcome to part 2 in our 4 part series called, Is Bitcoin Halal Series - A Deeper Look at the Permissibility of Bitcoin According to the Sharia. Insha'Allah today we'll talk about trading Bitcoin. We'll take a look at how the fuqaha (scholars) view Bitcoin and what this means when it comes to trading Bitcoin.
Is Bitcoin Halal Series: Currency - Is Bitcoin classified as money according to the sharia?
Assalaamu Aleikum and welcome to the first blog post of our new blog series, Is Bitcoin Halal Series - A Deeper Look at the Permissibility of Bitcoin According to the Sharia. Insha'Allah in today's blog post we are going to explore currency. We will take a look at what currency/money is in Islam and also take a closer look at how the sharia sees/views Bitcoin. We will explore this and more as we begin with the first of four blog posts where we will learn about the status of Bitcoin and what that means for Muslims around the world.
Upcoming New Series
Join me for this upcoming series as we take a deeper look at Bitcoin in the light of Islam. Insha'Allah we will call it, Is Bitcoin Halal Series - A Deeper Look at the permissibility of Bitcoin according to the Sharia. Read on to learn more...
So, you've done your research. You've looked over numerous sites and now you're ready to put down some money on cloud mining. One particular cloud mining service offers free Bitcoin daily; another offers an approximate 10% return of investment, daily! While yet another offers free hashing power if you refer more customers there way. You look around and the words "cloud mining" seem to be popular buzzwords in the crypto space. "Hmm?", you think to yourself. "I'm still not sure. But it seems pretty straight-forward. It seems like a pretty safe way to earn some Bitcoin. Hmmm? Well, what have I got to lose?" And so, you pull out that credit card ready to sign up and purchase a cloud mining contract. If you find this scenario to be you, then hold on one moment before you give them your hard earned money. Let's take a closer look at this thing called cloud mining and let's see why I believe that you should stay away from it.
"Should I cloud mine?" Ahhh yes, you hear about so many people cloud mining and receiving easy Bitcoin for doing so and so you wonder? "Hmmm, maybe I should jump in and give it try because I only see Bitcoin's price going up and up!" Well before you part with your hard-earned income giving it away to a cloud mining company with starry-eyed visions in your head of a waterfall of Bitcoin falling on you, you should check out my blog post first. Inshallah we'll cover the topic of cloud mining and once we're through, inshallah you will have a solid idea of whether or not you feel that cloud mining is for you. We'll also take a look at two popular cloud mining services discussing their pros and cons. Want to find out who they are? Please read on...
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