What does Islam say about cryptocurrency and digital investments?
Existing Quran Wisdom answer. No named author or scholarly review is recorded here. Check references and seek qualified advice for a personal ruling.
Cryptocurrency can be halal if it meets Islamic finance principles: no interest (riba), no gambling (maysir), no extreme uncertainty (gharar), and real utility. Bitcoin and Ethereum used as digital assets may be permissible, but speculative trading, interest-bearing platforms, and scam coins are haram. Consult a knowledgeable Islamic scholar for specific investments.
Read the sources
- Quran 2:275 · compare translations and context
- Quran 2:188 · compare translations and context
- Quran 4:29 · compare translations and context