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

Indonesia's Islamic Authority Declares Cryptocurrency Haram, Forbidden for MuslimsIndonesia’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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Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange

Bahrain Central Bank Issues License to Shariah-Compliant Crypto ExchangeMiddle Eastern crypto exchange Coinmena said this week that it had obtained a crypto assets services company license from the Central Bank of Bahrain (CBB) ahead of its planned launch. In receiving the license, the exchange, which has been certified by the Shariyah Review Bureau, said it had met several technical, operational, and security requirements […]

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