• +27 11 413 2785/6

Bitcoin, Ethereum And Other Cryptocurrencies


What is the ruling on forex and cryptocurrencies such as Bitcoin, ethereum etc.


Our Darul Ifta is currently busy with the research in regards to Bitcoin and other similar cryptocurrencies. We will only be able to issue an official Fatwa once our research is concluded. 

At the moment, we still have strong reservations with regard to the Shar’ie acceptability of this form of investment, hence we advise you to abstain from it.

Checked and Approved By:

Mufti Muhammed Saeed Motara Saheb D.B.

Related Fatawa
Stipulating A Restraint Of Trade On A Supplier

Question Is it permissible for a trader to inform a supplier that he deals to not give the same items Read more

Offsetting Bank Charges With Interest Earned

Question Is it permissible to offset bank charges with interest money which has collected in a certain account? Answer t Read more

A Masjid Letting An Area For A Cellular Provider To Place Its Antenna

Question A mobile network company has requested the jamaat to install aerial panels or antenna on the Minaarat of the Read more

Money Transfer Business

Question Is it permissible to work in money transfer occupations when there is a possibility of the money being of Read more

Interest Earned During Transfer Of Ownership

Question Normally when a property is bought, and the buyer pays the money for the property upfront. But he has Read more

Darul Ifta - Darul Uloom Azaadville - Madrasah Arabia Islamia