Sunni Man
Diamond Member
I agree with his ruling. .....
The popular cryptocurrency Bitcoin was declared unlawful under Islamic Sharia this week by Egypt’s Grand Mufti Shawki Allam.
An official fatwa was issued Monday against the digital currency, which Allam claimed was akin to gambling – a practice deemed “haram” or forbidden under Islamic law “due to its direct responsibility in financial ruin for individuals.”
Allam argued that the “currency’s risk as well as its high profit potential undermines Egypt’s ability to maintain and stabilize its own currency.”
Egypt’s Grand Mufti Says Bitcoin Unlawful Under Islamic Sharia
The popular cryptocurrency Bitcoin was declared unlawful under Islamic Sharia this week by Egypt’s Grand Mufti Shawki Allam.
An official fatwa was issued Monday against the digital currency, which Allam claimed was akin to gambling – a practice deemed “haram” or forbidden under Islamic law “due to its direct responsibility in financial ruin for individuals.”
Allam argued that the “currency’s risk as well as its high profit potential undermines Egypt’s ability to maintain and stabilize its own currency.”
Egypt’s Grand Mufti Says Bitcoin Unlawful Under Islamic Sharia
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