$BTC

Despite the existence of over 2000 cryptocurrencies, Bitcoin remains the most famous in the digital world. Therefore, the question often arises as to whether trading Bitcoin is permissible or forbidden according to Islamic law. In this guide, you will find the answer.

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