Crypto currency and Shariah compliant aspects: an overview

Md Nor, Mohd Zakhiri and Iskandar Mirza, Azrul Azlan and Bakri, Mohammed Hariri and Abdul Aziz, Nor Azah and Md Razak, Mohamad Idham and Abdul Hamid, Mohd Hakim and Zainal, Nurshuhada and Zaharin, Hussaini (2022) Crypto currency and Shariah compliant aspects: an overview. Res Militaris, 12 (2). pp. 772-779. ISSN 2265-6294

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Abstract

Many countries have seen growth in the use of crypto currency. However, it was not widely recognized as a legal tender or currency and Shariah scholars have different views on the permissibility of crypto currencies. The main problem is unclear which Islamic commercial contracts should be applied in crypto currency and block chain technology. This research's primary goal is to investigate contemporary Shariah scholar’s opinion and fatwa on this area. In this study, the qualitative research method was applied. The information will be obtained through library research. The content analysis method was used to analyses this data. This study found that, while bit coin is not entirely legal tender in Malaysia, it is a digital asset that must closely adhere to the Shariah Resolution issued by the Malaysian Securities Commission.

Item Type:	Article
Uncontrolled Keywords:	Cryptocurrency, Shariah aspects, Overview
Divisions:	Faculty of Technology Management and Technopreneurship
Depositing User:	Sabariah Ismail
Date Deposited:	26 Jun 2024 11:26
Last Modified:	26 Jun 2024 11:26
URI:	http://eprints.utem.edu.my/id/eprint/26824
Statistic Details:	View Download Statistic

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