Daniele
Tue Aug 06 2024
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5 answers
1458
Is cryptocurrency a 'prohibition of interest' in Islamic finance?
Could you please clarify if cryptocurrency is considered a "prohibition of interest" in the context of Islamic finance? Islamic principles often forbid the charging or paying of interest, known as riba, and I'm curious if the decentralized, digital nature of cryptocurrency aligns with these teachings. Are there any specific Islamic scholars or institutions that have offered guidance on this matter? And if so, what are their arguments and rationales?
