Citing Fatwas, Article In Urdu-Language Daily Urges Muslims To Avoid Cryptocurrencies: 'It Is Not Legitimate To Buy And Sell Or Arrange Business In The Current Form Of Cryptocurrency'

April 26, 2024

In a recent article in an Urdu-language daily, Pakistani scholar Dr. Mubashir Husain Rehmani examined several fatwas issued from the leading madrassas in Pakistan and India, saying that shari'a forbids the sale and purchase of cryptocurrencies.

In the article, "The Opinion Of Learned Muftis And Established Dar-ul-Iftas Regarding Cryptocurrency," Dr. Rehmani cited fatwas from Darul Uloom Deoband of India and the Jamia Darul Uloom of Karachi, Pakistan, and urged Muslim youths to refrain from cryptocurrencies.

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