Questions tagged [shariah-compliant]

KpopStarletShineBrightnessStarlight Mon Sep 09 2024 | 5 answers 932

Good day, could you please elaborate on the question of whether investing in Bitcoin is considered Shariah-compliant? As we know, Shariah principles guide Islamic finance and investments, so it's crucial to understand how they apply to digital assets like Bitcoin. Could you provide insights on the various factors that influence this determination, such as the nature of Bitcoin, its transactions, and potential risks involved? Furthermore, how do Islamic scholars and financial institutions view Bitcoin investments in the context of Shariah? Thank you for your time and consideration.