Instead it just warns the Muslim. You can assess any digital currency from both technological and Islamic perspectives to check their Halalness. Crypto Currency Halal Or Haram By Mufti Saeed Crypto Currencies Currency Haram The Islamic scholars are divided over the permissibility of cryptocurrencies but there is a widespread consensus of the conditions deeming cryptocurrencies as Halal. . Moreover physical assets such as gold. He also adds that the push to move away from currencies that are not asset-backed such as the move away from the gold standard to purely paper. Your wallet now has 11 Rakaani coins in it. If cryptocurrency and other altcoins are leveraged as a digital form of cash that will fulfill the job of a transaction is permitted in Islam. Bitcoin as Digital Cash is Halal. These are as follows. Is Bitcoin Halal or Haram. Arguably the cryptocurrency system consists of both Halal and Haram elemen...