$BTC

Despite the existence of more than 2000 cryptocurrencies, Bitcoin remains the most famous in the digital world. Thus, a question often arises about whether trading Bitcoin is permissible (halal) or forbidden (haram) according to Islamic law. In this guide, you will learn the answer.

Cryptocurrencies operate on decentralized networks using blockchain technology, and they enjoy transparency and traceability with some privacy. Cryptocurrencies provide global access and align with some Islamic finance standards such as transparency. However, they do not comply with some other standards, which makes providing a clear answer to this question difficult, as Muslim traders must thoroughly search to find a definitive answer.