Indonesia's Islamic organization has issued a fatwa regarding cryptocurrency. On behalf of the Ulema Council of Indonesia, it has been said that using cryptocurrency is haram in Islam. However, it has also been said by the Islamic organization that trading of digital assets can be allowed under this. Indonesia has the largest number of Muslims in the world. On Thursday, it was said by the organization that the use of crypto as a currency is banned. But investing in it and trading of digital tokens can be done in the commodity.
Earlier it was told by the concerned ministry that the value of cryptocurrency trading in the commodity sector is currently Rs 370 trillion. By the end of the year 2020, the total trading was up to 65 trillion rupees. The number of traders has also increased from 4 million to 6.5 million.
Asrorun Niyam Soleh, the head of the Islamic organization's religious decree, said that according to Sharia law, cryptocurrency for payment is haram because it is unstable and harmful. Its use violates the law.
Trading cryptocurrency as a commodity is also against the law. The Islamic organization has called it gambling because it does not follow the rules of Islam. However, the organization currently allows trading of cryptocurrencies in which the asset is known and the profit information is given.
However, this fatwa of the organization does not mean that this currency has been legally rejected. But this fatwa of the institution can harm the investment in this sector.
Top US lawmakers have described China as a threat to America's existence in the Republican-majori
Big action in Atiq-Ashraf murder case, 5 policemen including Shahganj Inspector suspended
Shahganj police station in-charge Ashwani Singh, outpost in-charge Nivan Preet Pandey, sub-inspec
External Affairs Minister S Jaishankar met with UN chief Antonio Guterres on Thursday. Jaishankar
During the Corona period, pharma company Pfizer made vaccines and medicine to save lives. The com
The hijab controversy in Karnataka has not cooled down yet, and posters put up against a particul
Airtel 5G Plus launched in this hill town, and JIO has launched in so many cities so far
5G Service in India: Airtel has started its 5G service in a hill city in India. Now people in ano
Bihar Board Inter Result 2023 BSEB Class 12th Scrutiny Exam Dates: The BSEB Intermediate Result i
President Joe Biden's reaction has come for the first time since US Speaker Nancy Pelosi's visit
Prime Minister Narendra Modi's three-decade-old vow will also be fulfilled with the consecration
Will Ed Sheeran make his Bollywood debut with Shah Rukh Khan's film 'King'?
Shah Rukh Khan is in the headlines these days for his upcoming film 'King'. There may not have be
