حكم التعامل بالعملات الإلكترونية الإفتراضية في الشريعة الإسلامية

Authors

  • حافظ محمد نصراللہ خان
  • محمد انس رضا

DOI:

https://doi.org/10.52461/ulm-e-islmia.v27i1.357

Keywords:

Currency, Crypto currency, Bitcoin, Shariah

Abstract

Man first resorted to trust to meet his needs on barter system. Factors and difficulties such as difficulty in obtaining two substitutes, difficulty in determining commodity values and their exchange rates, difficulty in dividing some indivisible commodities into components, etc. made this commodity exchange system unworkable and paved the way for the adoption of a system to overcome these problems.

Then the device of exchange in different periods developed from stones, silk, rice, etc. to paper notes, but thanks to modern tools, now the humanity has reached the crypto currency and its practice is becoming common.

This currency is completely digital and insensitive. The creator of this popular type of Bitcoin is also indefinite. There is no economy or economic indicator on the back of this currency under which any code for printing currency can be made. Therefore, its inventor has developed a mathematical system that generates coins using formulas with the help of inscription, block chain system and cryptography.

The problem of crypto currency is important in the context of economic problems in modern times, the solution of which requires a continuum of theoretical, intellectual and practical efforts. Scholars differ on the nature of the crypto currency in the Islamic economic system.

This article reviews the topic of what is the ruling on crypto currency according to Islamic law? Attempts have been made to resolve this issue on the basis of arguments and opinions to clarify the status of crypto currency in the exchange tool.

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Published

2020-07-07