Afkaruna: Indonesian Interdisciplinary Journal of Islamic Studies
Vol 18, No 1: June 2022

Cryptocurrency in The Perspective of Maqasid Al-Shariah

Wartoyo Wartoyo (IAIN Syekh Nurjati Cirebon)
Alvien Septian Haerisma (IAIN Syekh Nurjati Cirebon)



Article Info

Publish Date
26 Jul 2022

Abstract

This study explains the Islamic economic perspective on cryptocurrency, in this case, in the light of maqashid shariah. This research was a literature study and qualitative in nature. The data analysis applied a descriptive-analytical technique with a normative juridical approach to Islamic law. The results of this study conclude that cryptocurrency has a much greater element of mafsadah than maslahah. It is an investment commodity rather than a currency with a very high level of risk and volatility that reflects the mafsadah. This is the attraction of a new investment model because it only follows the trend of global market developments that are far from the function and benefits of currency in the perspective of Islamic economics.

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Journal Info

Abbrev

afkaruna

Publisher

Subject

Education

Description

Jurnal Afkaruna is an Indonesian bilingual journal published by the Faculty of Islamic Studies, Muhammadiyah University of Yogyakarta. The journal publishes empirically grounded and multidisciplinary work on Islam and its related issues, spanning the history, Quranic studies, Exegesis, tradition, ...