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All Journal Al-'Adl
., Andi Yaqub
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Law, Crime, Criminology & Criminal Justice Social Sciences

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Measuring the Legality of Cryptocurrencies in the Fatwas ., Andi Yaqub
Al-'Adl Vol 16, No 2 (2023): Al-'Adl
Publisher : Institut Agama Islam Negeri (IAIN) Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/aladl.v16i2.7296

Abstract

Review of legality regarding the existence and use of cryptocurrencies from an Islamic legal perspective focusing on fatwas. The finding Content analysis and comparison on references and istinbath methods in drawing conclusions. Policy regarding crypto in Indonesia has not accommodated legal protection and certainty to anticipate elements of speculation in crypto transactions and differences in scholarly decisions on crypto are caused by different sources of reference and understanding of sil'ah and currency. The legal status of transactions using Cryptocurrency is determined to be haram if there is gharar, maysir, and allows cryptocurrency to be used as an instrument of speculation and is determined mubah if it meets the sil'ah category and there is certainty that can eliminate all potential haram then cryptocurrency as a legal currency is used
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