First: Definition of digital currencies
Cryptocurrencies are electronic assets used as a medium of exchange or investment. They are based on blockchain technology that allows trading without the need for intermediaries.
Second: The importance of studying digital currencies from a legal perspective.
With the increasing prevalence of digital currencies, it has become necessary for Muslims to investigate whether they are compatible with the provisions of Islamic law. Allah Almighty says:
“O you who have believed, eat from the good things which We have provided for you and do not follow the footsteps of Satan.” (Al-Baqarah: 168)
Investigating what is permissible and what is forbidden is a duty for every Muslim.
Third: Controls for investing in digital currencies according to Islamic law
Avoiding doubtful matters: The Prophet, may God bless him and grant him peace, said: “What is lawful is clear and what is unlawful is clear, and between the two of them are doubtful matters.” (Narrated by Al-Bukhari).
Ensure that it is free from usury, gambling, or prohibited transactions.
Checking the legitimacy of the project: Is it consistent with Islamic ethics and values?
Fourth: General rules for evaluating digital currencies according to Islamic law.
Legitimacy: Does the project support ethical goals or be used for prohibited purposes?
Source: Is the source of the currency known and transparent?
Use: Is the currency used for purposes that conflict with Sharia?
in conclusion:-
O Allah, make us among those who seek what is lawful and stay away from what is unlawful, bless our livelihood and guide us to what You love and are pleased with.
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