Crypto Currency Investment from an Islamic Law Perspective: An Overview  of Guidelines and Considerations

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Published: Jun 9, 2025
DOI: https://doi.org/10.19109/nurani.v25i1.26315
Keywords:
Crypto currencies, Financial inclusion, Islamic law, Shariah compatibility

Main Article Content

Abdul Hafiz
Universitas Islam Negeri Fatmawati Sukarno Bengkulu, Indonesia
Napisah Napisah
Universitas Islam Negeri Raden Fatah Palembang, Indonesia
Ismail Jalili
Universitas Islam Negeri Fatmawati Sukarno Bengkulu, Indonesia
https://orcid.org/0000-0001-5831-9274
Armasito Armasito
Universitas Islam Negeri Raden Fatah Palembang, Indonesia
Abdul Kabir Hussain Solihu
Kwara State University, Nigeria
https://orcid.org/0000-0001-6593-9631

Abstract

This study seeks to offer an in-depth examination of cryptocurrency investments through the lens of Islamic law, with particular emphasis on assessing the Shariah compatibility of widely used digital assets such as Bitcoin and Ethereum. The novelty of this research lies in its systematic exploration of key issues such as the speculative nature, intrinsic value, and potential for financial harm (gharar) associated with cryptocurrencies. This study adopts a qualitative approach, drawing upon primary sources of Islamic jurisprudence namely the Quran, Hadith, and classical scholarly interpretations while also incorporating contemporary fatwas, insights from prominent Islamic finance scholars, and expert interviews to inform the analysis. The results highlight divergent viewpoints on the permissibility of cryptocurrency investments, with some scholars asserting their compliance under specific conditions, while others deem them non-compliant due to risks of speculation and uncertainty. The study concludes by proposing a set of actionable guidelines for Muslim investors, underscoring the significance of grasping the intricacies of Shariah principles in cryptocurrency investments and highlighting the necessity for continuous scholarly engagement in this evolving domain.

Article Details

How to Cite
Hafiz, A., Napisah Napisah, Ismail Jalili, Armasito Armasito, & Abdul Kabir Hussain Solihu. (2025). Crypto Currency Investment from an Islamic Law Perspective: An Overview  of Guidelines and Considerations. Nurani: Jurnal Kajian syari’ah Dan Masyarakat, 25(1), 200-218. https://doi.org/10.19109/nurani.v25i1.26315
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Vol. 25 No. 1 (2025): Nurani: jurnal kajian syari'ah dan masyarakat
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Nurani by http://jurnal.radenfatah.ac.id/index.php/Nurani is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author Biographies

Napisah Napisah, Universitas Islam Negeri Raden Fatah Palembang, Indonesia

Fakultas Syariah

Ismail Jalili, Universitas Islam Negeri Fatmawati Sukarno Bengkulu, Indonesia

Program Pascasarjana UIN FAS Bengkulu

How to Cite

Hafiz, A., Napisah Napisah, Ismail Jalili, Armasito Armasito, & Abdul Kabir Hussain Solihu. (2025). Crypto Currency Investment from an Islamic Law Perspective: An Overview  of Guidelines and Considerations. Nurani: Jurnal Kajian syari’ah Dan Masyarakat, 25(1), 200-218. https://doi.org/10.19109/nurani.v25i1.26315

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