there is always difference of opinion everywhere, there is no reason to single out the religions. i don't know what this university is but last time i checked years ago the Islamic leaders analyzed bitcoin and concluded that it is "halal" to receive it as payment for any "halal" work or use it to pay someone else for the work they had done for you. but it is not if bitcoin is used for gambling or anything illegal. pretty much the stance that everyone else has too.

I call rulings like these utter nonsense. There is no logic to it.

Someone please ask Dr Muiz Banire whether he trusts corrupt central bankers and governments over a decentralized monetary system that has no room for manipulation or exploitation.


What conditions? The condition of inevitably being worthless by endless printing, manipulation, and corruption? We have seen that happen in countries such as Cyprus, Venezuela, and Zimbabwe. Other countries are following suit too.

Even in Christendom they were against this internet money and not only just single down to the Muslim only, but we were also told about the beast and it mark 666 in Revelation 13:16-18, so,” I think the truth is, it is still too early to be dogmatic”.

It is really confusing when you hear these bullshit, we are living in a modern society and where does religion stands during those times, yeah i bet there are many who exploit people in the name of religion and make insane amount of money and what i do not understand is do religion control any of these, may be in countries who have exploiting rules where women does not even have equal rights.

I am not judging but i am not an expert in this nor we will see any legit information about it online and i have no idea why a religion would reject bitcoin, the only aspect i understand is that they do not like transparency and have a trail for every transaction which is obvious  .

Religious stances aren't top in terms of understanding what cryptocurrency means, works.. They consider it as a pyramid scheme or gambling rather than gold or FIAT.
What's the difference between owning 1 bitcoin or 1 once of gold or 1 USD or 1 acre. After all its prices will change over time and risk to increase or decrease. We can trade it, buy and sell it like any other goods.

Each religion does have its own beliefs that should really be followed and i dont see anything wrong with it even though some said its nonsense but lets respect on whats
their take about this matter.

When we do talk about Islamic views on Bitcoin then it is considered to be Halal.

According to this article: https://decrypt.co/37286/is-bitcoin-halal

"However, like fiat currencies, simply holding Bitcoin as a means of payment and store of value are perfectly halal. Beyond this, using Bitcoin for any purpose that would be considered haram with fiat currency would also be considered haram with Bitcoin.""

Talking about fiat then it is just actually the same in terms on where i can possibly used.

When Bitcoin is accepted globally then it's already too late to hold Bitcoin, because the price has been surge and you lose the opportunity to multiply your money.

Haram and Halal, pretty much like this images


You can consider Bitcoin as Haram when you think "it's only a bubble" "that's for gambling" "that's ponzi" "this is speculate asset, speculation is haram" bla bla bla
You also can consider Bitcoin as Halal when you think "it's a currency and can be used for a payment" "it's a new commodities with new technology integrate with blockchain" "1 BTC = 1 BTC, it can't be changed" etc.

So, it's really depends on your thought and opinion.

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AFAIK Pakistan (one of largest Muslim country) already accept Bitcoin, so it's a beginning it will be accepted on other Muslim country too.

The problem is that the doctrines in religions is they are not matching with the technology, especially Islam which is really strict with their doctrines to the point that it should follow the teaching bit by bit. I mean if bitcoin doesn't really have anything difference from fiat then I think that the rejection will repealed.

If it is Islamic related thing, I think that a change will be difficult. Religion and business is different to a certain degree because you can't just side with someone easily with religion when that goes against your faith however businesses are like a scum of society where they will be friendly when there is money and interest involved.

In my early days in crypto as a noob I read the back and forth arguments on while Muslims shouldn't get themselves involved in crypto. One of the arguments that shocked me was someone likening Bitcoin to gambling. The proponents of that argument were of the opinion that there was so much risk involved investing in Bitcoin (as if every other businesses don't have risk associated with them). I guess those who argued that way must've seen through their ignorance by now.


Of course, they will later get through it and come to awareness of its relevance. There's that skepticism that confronts every invention. It's either there is a gang up from the old order against it or the ignorance of those the invention seeks to liberate becomes the problem. Bitcoin (cryptocurrencies) is gradually becoming popular now unlike what it was in the recent past.

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Beyond all that, the uninformed stance of religious sects has also helped to backtrack the development of the crypto industry. While Muslims think it's gambling, most Christians think it's the coming of the "one currency government" of the Antichrist. All that is laughable, really.