Key Takeaways
- Mufti Taqi Usmani, a renowned Islamic scholar, has declared that purchasing goods with cryptocurrency is impermissible.
- The fatwa was issued by Darul Ifta and signed by six prominent scholars.
- Cryptocurrency is not recognized as 'maal' (wealth) in Sharia law.
Renowned Islamic scholar Mufti Taqi Usmani has declared that purchasing goods with cryptocurrency is impermissible, citing research conducted by experts. The fatwa was issued on June 10, 2026, and signed by six prominent scholars.
According to the fatwa, cryptocurrency does not qualify as 'maal' (wealth) in Sharia law, instead being described as merely a recording of fictitious numbers in an account. This means that buyers do not technically become owners of goods purchased with such transactions.
Mufti Usmani's declaration specifically states that it is not permissible to purchase books or educational courses using cryptocurrency. The fatwa maintains that since cryptocurrency is not recognized as wealth, the buyer does not own the items and must return them if purchased.
The fatwa further advises that any materials related to such purchases should be deleted from devices and files, emphasizing the non-transferability of ownership in these transactions. It also warns against using or giving away courses or books obtained through cryptocurrency.
Mufti Usmani's declaration is based on research conducted by experts, which he cites as evidence for his stance. The fatwa references various works of religious jurisprudence to support its claims and maintain the legal validity of the ruling.
The decision has significant implications for individuals and businesses operating in Pakistan and other countries where Islamic law plays a role in financial transactions. It highlights the ongoing debate around the integration of cryptocurrency into traditional economic systems.
While this fatwa is binding within certain Islamic communities, it may also influence broader discussions on the regulation and acceptance of cryptocurrencies in various sectors.
