HaramCoinsIs Bitcoin halal or haram?
Bitcoin is one of the most debated assets in Islamic finance, and respected scholars have reached opposite conclusions.
The case for permissibility
Bitcoin functions as a genuine medium of exchange and store of value, is widely accepted, and contains no interest mechanism in itself. On this basis several scholars consider holding and using it permissible.
The case for caution
Others point to extreme price volatility (gharar) and the fact that most activity around it is speculative trading (maysir), and that it is not backed by a tangible asset.
Our Bitcoin assessment places it in the "scholars differ" category for this reason. If you need a binding answer, ask a qualified scholar about your specific use.
This website is an educational resource, not a religious edict (fatwa). Qualified scholars differ on cryptocurrencies; the assessments here are based on widely-recognised principles of Islamic finance and are provided for learning only. Always consult a qualified scholar before making any decision, and remember that nothing here is financial advice.