Cryptocurrency according to the principles of usul al-fiqh: a critical analysis by Mohd Daud Bakar by Othman Sahalan, Muhammad Adib Samsudin

“…The majority of scholars and world Islamic bodies, such as Dar al-Iftā ‘al-Miṣriyyah (Egypt), Dar al-Iftā’ al-Falasteeniyya (Palestine) and the Turkish Directorate of Religious Affairs, do not permit cryptocurrency for various reasons, including the existence of uncertainty (gharar), risk (khatar) and the fact that it facilitates (wasilah) the crime of fraud and money laundering. …”
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