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Abubakar, Ismail Yau
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Religion Humanities Law, Crime, Criminology & Criminal Justice Social Sciences

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Contemporary Fiqh Perspective on Cryptocurrency: A Comparative Study of the Indonesian Ulema Council and Perlis State Fatwas Irfan Affandi, Nik Fakhrul Hafiz bin; Sulistio, Dody; Rafikah; Abubakar, Ismail Yau; Muhtar, Amin
Journal of Islamic Legal Thought and Jurisprudence Vol. 2 No. 1 (2025): May 2025
Publisher : Program Studi Perbandingan Mazhab Universitas Islam Negeri Sulthan Thaha Saifuddin Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30631/21.35-56

Abstract

This study aims to analyze cryptocurrency fatwas issued in two countries: Malaysia and Indonesia. The objectives include identifying the fatwas related to cryptocurrency, examining the similarities and differences between the two, and understanding the reasoning behind them. The research employs a qualitative approach using library research and document analysis as data collection methods. The findings reveal two main points: First, scholars hold differing opinions on cryptocurrency some deem it impermissible (haram), while others consider it permissible (halal). Second, both Malaysia and Indonesia share a common stance in their fatwas by not recognizing cryptocurrency as legal tender or a valid means of payment, as it contradicts national regulations and monetary laws.
Co-Authors Amin Muhtar, Amin Dody Sulistio Irfan Affandi, Nik Fakhrul Hafiz bin Rafikah