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Indonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims

Post author:MiamiCrypto
Post published:November 11, 2021
Post category:bitcoin forbidden bitcoin forbidden muslims bitcoin haram crypto haram crypto trading banned cryptocurrency forbidden cryptocurrency haram Indonesia Islamic law islamic law forbids crypto Muslims Regulation Sharia sharia compliance Shariah shariah compliance

Indonesia’s top Islamic body, the country’s authority on Shariah compliance, has reportedly declared cryptocurrency haram, forbidden for Muslims under Islamic law. The Indonesian Ulema Council explained that crypto has elements…

Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency

Post author:MiamiCrypto
Post published:October 28, 2021
Post category:Crypto crypto expert Cryptocurrencies Cryptocurrency debate Digital Currencies Digital Currency discussions Expert fatwa haram Indonesia Indonesian Islam islamic Islamic law legal muslim Muslims Nahdlatul Ulama News Opinion Organization religious Sharia

A provincial branch of one the largest Islamic organizations in Indonesia has declared cryptocurrency “haram,” or forbidden under religious law. The decision came after a “heated discussion” joined by a…