What is the ruling on Bitcoin according to Mufti Menk?

3 answers

• Nov 24, 2021 · 3 years ago
  Mufti Menk's ruling on Bitcoin is that it is permissible for Muslims to use and invest in Bitcoin as long as it is done within the boundaries of Islamic principles. He believes that Bitcoin can be considered as a form of digital currency and can be used for legitimate transactions. However, he advises caution and adherence to Islamic financial guidelines to avoid any potential risks or involvement in prohibited activities such as usury or gambling.
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• Nov 24, 2021 · 3 years ago
  Bitcoin, according to Mufti Menk, is not inherently forbidden in Islam. He acknowledges that it is a decentralized digital currency that can be used for various purposes, including online transactions and investments. However, he emphasizes the importance of using Bitcoin responsibly and ethically, in accordance with Islamic principles. It is crucial to avoid engaging in any activities that are prohibited in Islam, such as usury or speculation.
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• Nov 24, 2021 · 3 years ago
  As an expert in the field of digital currencies, I can provide some insights on the ruling of Bitcoin according to Mufti Menk. Mufti Menk's stance on Bitcoin is that it is permissible for Muslims to use and invest in, as long as it is done in a halal manner. This means that Muslims should avoid engaging in any activities that are prohibited in Islam, such as usury or gambling. It is important to note that Mufti Menk's ruling is based on his understanding of Islamic principles and may differ from other scholars or religious authorities.
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