IS BITCOIN HALAL [LEGITIMATE] IN ISLAM ?

in #bitcoin6 years ago

Hello Guys,
As the crypto currency is getting command over the worlds currency it has been necessary to understand that what does Islam say about crypto currency? Because in the whole world Number of Islam Follower has been very vast and increasing very fast.
bitcoin halal or haram.png

Adherents of Islam constitute the world's second largest religious group. According to a study in 2015, Islam has 1.8 billion adherents, making up about 24% of the world population.
it is also an open view in the mind of intellectual that Islam is growing more rapidly than any other religion in the world, according to a new report by the Pew Research Center that says the religion will nearly equal Christianity by 2050 before eclipsing it around 2070, if current trends continue.

It is also a big question that is Bitcoin and other crypto currency Halal in Islam? Because if it is proved that it is Haram then it can be seen great setback
But some study By the great Islamic Scholar reveled that BITCOIN is HALAL
YES, BITCOIN IS HALAL
A Sharia Analysis,’ a report written by Muhammad Abu Bakar, a certified Muslim legal expert, analyzes whether cryptocurrencies fall under halal or haram (prohibited) based on Islam’s strict definitions of money.

He has given a report that Bitcoin is coming under the low of Money in Islam
It is like an assets as we hoard the Gold and Silver.
A muslim can buy and hoard Bitcoin also.

In the Last Ramdan a mosques in Indonesia had accumulated Zaqat {Yearly 2.5% tax} By Bitcoin and it was collected
it reveals that Bitcoin is directly or indirectly accepted
Then what is prohibited?
Dear Trading in Bitcoin is Prohibited because it not a Business, its a lose and defeat
which is not accepted in Islam. Because In islam there is no Betting system.
If you are a Muslim you can ask to any Muslim scholar about this and he will answer you
But this is clearly indicated that Buy and accumulate Bitcoin is Halal
Avoid Bitcoin Trading.

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Thank you bro. It is necessary for we all to know about reality.

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