Bukhori: Kajian Ekonomi dan Keuangan Islam
Vol 5 No 2 (2026): January

Assessing Crypto-Zakat’s Legal and Sharia Validity in Indonesia’s Digital Economy

Fajri, Riyan Al (Unknown)



Article Info

Publish Date
19 Jan 2026

Abstract

Purpose: This study investigates the legal and Sharia perspectives on the use of cryptocurrency in Indonesia’s digital economy, with a focus on its potential application for zakat payments. Methodology/Approach: Using a legal-normative and doctrinal approach, this study analyzes Indonesia's statutory regulations (e.g., Law No. 23 of 2011) and fatwas from major Islamic organizations. Secondary sources include academic articles and classical jurisprudence. Results/Findings: The findings reveal that while Indonesian law acknowledges cryptocurrency as a digital asset, it is not recognized as legal tender. In terms of Sharia law, there are differing opinions, with some Islamic scholars viewing cryptocurrency as haram due to the uncertainty (gharar) involved, while others accept it as a permissible asset if backed by tangible goods. However, the use of cryptocurrency for zakat payments is not authorized, though crypto-assets themselves could be subject to zakat if they meet specific conditions. Conclusion: Despite legal and religious constraints, cryptocurrency could be used for zakat if robust regulations are developed. This requires coordinated institutional, legal, and religious efforts. Limitations: This study is limited to normative and doctrinal analysis. It lacks empirical data from zakat institutions or users, which restricts its practical scope. Contribution: This research contributes to Islamic digital finance by offering a dual legal-religious analysis. It also provides policy insights for aligning Indonesia's financial regulations with Sharia principles.

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Journal Info

Abbrev

Bukhori

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Bukhori: Kajian Ekonomi dan Keuangan Islam aims to be a useful platform for spreading scientific studies on various issues and a strategic tool for developing theories and practices in the fields of Islamic Economy and Finance.The scopes of the journal include, but are not limited to, the following ...