Question:
Assalamu wa Alaykum!
Is there any fatwa allowing or talking about this new currency called bitcoins? What would be the impact of it in the midst of the modern world and the nations that are Muslim majority? We trade with bitcoins? Is there any advantages or fatwa pointing similarities with the Islamic Dinar? If you have any negative about the Bitcoins in Sharia’a would like to comment.
Barakaallahu Fik
Answer:
Wa `alaykum salam,
Until new currency called bitcoins become traded in the open market, chances of manipulation are high and Muslim scholars’ confidence in it is weak.
Imam Senad Agic
American Islamic Center – Chicago
www.aicchicago.com
www.imamsenadagic.com
