Is cryptocurrency (Bitcoin) halaal?

“Our Darul Ifta does not approve of investing in crypto currency in its various forms whether it be “bitcoin” or other types as explained in the link. We, therefore, advise abstention from all forms of crypto currency. In conclusion the rewards or bonuses (explained in the link) will also not be permissible.”

“Our ulama have not approved of trading in crypto currencies. If the currencies are sold on the spot and possession is taken then it is permissible. We strongly discourage trading in the stock market due to the discrepancies in the dealings of many companies.”

“There are conflicting reports about Cryptocurrency. In view of the ambiguities in the procedure and uncertainties in the investment returns, the Darul Iftaa advises the public to exercise precaution and not to invest in Cryptocurrency.”

“Crypto Currency: The widespread tendency among people to treat cryptocurrencies as an investment instead of a medium of exchange indicates that they are not recognised as currency according to ʿUrf (customary usage).”