ILLAT-J
Vol. 2 No. 1 (2025): May 2025

Contemporary Fiqh Perspective on Cryptocurrency: A Comparative Study of the Indonesian Ulema Council and Perlis State Fatwas

Irfan Affandi, Nik Fakhrul Hafiz bin (Unknown)
Sulistio, Dody (Unknown)
Rafikah (Unknown)
Abubakar, Ismail Yau (Unknown)
Muhtar, Amin (Unknown)

Article Info

Publish Date
06 Aug 2025

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.

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Journal Info
ILLAT-J
Website

Abbrev

fiqh

Publisher

Universitas Islam Negeri Sulthan Thaha Saifuddin Jambi

Subject

Religion Humanities Law, Crime, Criminology & Criminal Justice Social Sciences

Description

This Journal focuses studying on the theories and practices of Islamic law thougth and Islamic law in Islamic countries and intends to express original research and current issues. This journal welcomes the contributions of scholars from related fields warmly that consider the following general ...