Is Bitcoin Halal or Haram for Muslims?

Is Bitcoin Halal or Haram for Muslims?

Since its creation in 2008 and debut in 2009, Bitcoin has revolutionized the way we perceive money, taking the world of finance and business by a storm.

As we see the world’s first truly digital currency making headlines all over the globe, its rapid growth throughout the Islamic countries left many devoted Muslims wondering if this new type of money is Halal or Sharia-compliant and looking for fatwas that clarify the religious stance. Every time we see a new big name investing in BTC, the debate about  whether BTC conform to Shariah law reinvigorates the most heated arguments among Islamic scholars, banks and financial institutions. 

In this article, we've put up a comprehensive guide to assist you determine whether bitcoin is halal or haram.