Halal Cryptocurrency Guide

Cryptocurrency, Bitcoin, Ethereum and Ripple are now established investment products. But as these assets are so new, Muslims have a whole series of questions around them both from an Islamic perspective but also a commercial perspective.

In this detailed guide (which we will add to live) we will cover off all the big question on this topic. Each of the links below refers to a detailed article that we have done to address that question.

Where a link isn’t live yet, we’re still working on the article – bookmark this page and subscribe to our mailing list to hear about it when we go live with every new article!

If you have a question that hasn’t been covered below, you can ask our Muftis on the IFG Fatwa Forum.

Introduction to Cryptocurrency & Key Definitions

  1. What is blockchain and what are its uses?
  2. How does blockchain work?
  3. What is a cryptocurrency?
  4. What is bitcoin?
  5. What is an initial coin offering (ICO)?
  6. Major cryptocurrencies
  7. A list of sharia-certified cryptocurrencies

Islamic Issues with Bitcoin and Cryptocurrency

  1. Is bitcoin halal?
  2. Are cryptocurrencies halal?
  3. Is bitcoin or other cryptocurrencies really currency?
  4. Scholars who say crypto is haram or halal
  5. A fatwa comparison on bitcoin
  6. Are ICOs halal?
  7. Is bitcoin mining halal?

Commercial & Investing Issues with Bitcoin and Cryptocurrency

  1. How can I invest in blockchain?
  2. How can I invest in cryptocurrencies?
  3. How can I invest in bitcoin?
  4. What is the halal way to invest in bitcoin and other cryptocurrencies?
  5. Is bitcoin a bubble?
  6. Is it a good idea to invest in cryptocurrencies?
  7. Alternatives to bitcoin and crypto
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