Digital currencies

Are Bitcoin & Co. halal? Islamic legal judgement and economic consequences.

25.04.2018|Islamic Finance
Share post:

The following study by Prof. Dr. Abd as-Sattar Abu Ghudda contributes to the current discussion on cryptocurrencies and their evaluation from an Islamic legal perspective. The following translation serves as a foundational understanding of his analysis.

About the Author

Sheikh Dr. Abdul Sattar Abu Ghuddah (1940 - 2020) held degrees in Islamic law from various universities, including the University of Damascus and Al Azhar University in Cairo. He advised prominent institutions such as Al Rayan Bank, Dow Jones Indices, Dar Al Istithmar, the Ministry of Awqaf & Islamic Affairs in Kuwait, and served as President and Secretary General of the Ethics Committee of Albaraka Banking Group in Saudi Arabia.