Sharia – DIGIT INFO

Indonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims

DIGIT — Thu, 11 Nov 2021 15:30:13 +0000

Indonesia’s top Islamic body, the country’s authority on Shariah compliance, has reportedly declared cryptocurrency haram, forbidden for Muslims under Islamic law. The Indonesian Ulema Council explained that crypto has elements of uncertainty, wagering, and harm. Cryptocurrency Is Forbidden for Muslims Under Islamic Law in Indonesia Indonesia’s Ulema Council (Majelis Ulama Indonesia or MUI), the country’s […]

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Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency

DIGIT — Thu, 28 Oct 2021 13:30:45 +0000

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 “heated discussion” joined by a crypto expert who was invited to explain in detail the practice of using digital coins. Cryptocurrency Deemed ‘Haram’ in Indonesia The local branch of the […]

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Religious Ban on Cryptocurrencies Provokes Social Media Reproach in Ingushetia

DIGIT — Sat, 29 May 2021 05:30:16 +0000

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 taken to social media to express their disagreements with the ban, pointing out that the treatment of bitcoin in Islamic jurisdictions is not one-sided. Islamic Cleric Explains Reasoning Behind Crypto […]

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Blockchain Firm Algorand Announces Sharia Certification for Islamic Finance

DIGIT — Mon, 21 Oct 2019 21:04:41 +0000

Blockchain firm Algorand announced that it is now certified for Sharia-compliant financing by Bahrain’s Shariyah Review Bureau

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