The debate on whether cryptocurrencies are halal in Indonesia

The Ulema Council, which issued a fatwa that the use of the Chinese vaccine Sinovach is halal with a statement it published in the past months, is now a new statement on cryptocurrencies published. Nhadlatul Ulama, the country’s mainstream Muslim organization, claimed that the use of cryptocurrencies is incompatible with religion.

Cryptocurrency has started to be discussed from a religious point of view this time.

As the usage area of ​​cryptocurrencies increases and becomes a legal payment tool in many countries, the debates gain a different dimension.

The Indonesian Ulema Council, which previously published a statement about the measles vaccine in 2018, claiming that the use of the vaccine is haram, has also published a statement about coronavirus vaccines in the past months. One of the known Islamic communities of the country Nahdlatul Ulama member of Ahmed IshomuddinHe said that if there is no other option, non-halal vaccines can also be used for health.

Indonesia, where the use of cryptocurrencies has increased by 1772 percent in the last year, has now started to debate whether it is religiously appropriate. Drawing attention with his statements about the vaccine, Nahdlatul Ulama also issued a fatwa on cryptocurrencies. One of the names of the community Kiai Azizi Chasbollahalthough the country does not officially recognize digital currencies; He argued that, as per Islamic rules, these currencies should not be legalized.

In the statement on the official website of Nahdlatul Ulama, it was claimed that the crypto exchange contains too much speculation and is not an investment tool in accordance with Islamic laws. In the same declaration, too much on cryptocurrencies fraud case It was stated that it was happening and that it should be banned by the government for many reasons.

So, what do you think about this published statement? Do not forget to share your views with us in the comments section.