Bitcoin is currently in question on halality. The clerics in Turkey, Saudi Arabia and Egypt agreed to ban the usage of this money as a means of transactions in trade. The scholars argued that the crypto currency is similar to gambling and bridges for criminals ranging from money laundering to drug trafficking. Not only that a number of other countries also like Bangladesh, Bolivia and Morocco who followed it by issuing the same ban related to the use of electronic money.
Yet another opinion was mentioned in a statement of a meeting of the Sharia Economic Community in Kazan, Russia on November 1, 2017. In the meeting stated if Bitcoin can be used sharia banking, at least within the next two to three years.
Related to this factor is also expressed by the financial adviser and Sharia Economy of the Russian Mufti Council, Madia Kalimullina. Mentioned if the characteristics of crypto money can be said halal if it meets the standard of Islamic law. "It is not proven yet, but in the next two to three years crypto money can be developed" said Kalimullina on January 5, 2017.
He also increases if this money transaction has been opened in a number of Muslim countries. The first country in the Middle East to open is the United Arab Emirates with BitOsis. Then there are more countries Saudi Arabia, Kuwait, Qatar, Bahrain and Oman. While in Southeast Asia there is an Indonesian country with Bitcoin.co.id and Malaysia with Coinbox.
Nevertheless, Kalimullina claimed the argument for the prohibition of Bitcoin being used by itself because of the high level of risk and uncertainty and no more the provision of real assets and state guarantees. Maisir and garar itself are prohibited by Islamic law and Islam itself requires the currency to be tangible and has evidence.
Meanwhile, Bitcoin known as crypto currency cryptocurrency aka this continues not least known da intriguing interest in people to invest. Cryptocurrency is a form of digital money that is shown to load safer transactions. Digital assets alone are used for exchange using cryptography to secure transactions and control a number of related factors.