Bittime - "Is Bitcoin halal?" is one of the questions that often arises amidst the popularity of blockchain technology and crypto assets. Ustadz Adi Hidayat, a well-known cleric in Indonesia, provided his critical and sharia-based insights to respond to this question. In this article, we will explore his thoughts on whether crypto is considered halal or haram according to Islamic principles. Let's take a look!
Ustadz Adi Hidayat's Views on Bitcoin, Ethereum, NFT and Other Crypto Assets
Ustadz Adi Hidayat, in an interview, gave his views on the laws of Bitcoin, Ethereum , NFT , and other crypto assets in Islam which are quite interesting.
He emphasized that in Islam, law is not always static, but can change based on the context and benefits faced.
In evaluating crypto law according to Islam, Ustadz Adi Hidayat draws a clear line between the aspects of worship in fiqh which are fixed and unchanging, and the aspects of muamalat which include economic and social transactions, which have more flexible space.
This follows the rules of fiqh which state that the law will depend on the cause and root of the problem.
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Flexibility of Islamic Law
Ustadz Adi Hidayat explained that in fiqh, there is an important difference between rules that are fixed and rules that can be adapted based on context and needs.
The jurisprudence of worship, such as prayer and fasting, has clear and consistent rules at all times because it is directly regulated in the Al-Quran and Hadith.
However, in matters of muamalat, such as financial or social transactions, Islam provides room to adapt to changing situations.
When talking about crypto, Ustadz Adi Hidayat emphasized the importance of understanding certain causes that give rise to benefits in using this digital currency.
He believes that crypto law is not just black and white; it depends on the benefits it produces and the conditions surrounding it.
He used the analogy of a chicken's behavior changing depending on its environment, to illustrate how Islamic law can adapt to situations. For example, if a chicken is used to eating corn and is then given cheese, its behavior may change.
This analogy is used to show that Islamic law can also adapt to developments in time and technology, such as crypto.
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So, what is the law on Bitcoin, Ethereum and other crypto assets in Islam, halal or haram?
Regarding the law on Bitcoin, Ethereum and other crypto assets, Ustadz Adi Hidayat does not directly state whether it is halal or haram. Nevertheless, he emphasized the importance of understanding the root causes and benefits behind the use of crypto.
If crypto assets can provide benefits and do not conflict with Islamic values, then they can be accepted.
The key to this acceptance is the certainty of its physical form, laws that cover it, protection, and not harming its users. This is a reflection of the Islamic principle of not just looking at the black and white of something, but the value it brings in a broader context.
He also mentioned the importance of having an authority or guarantor in the use of crypto, so that transactions can be carried out safely and reliably. This shows that in the Islamic view, regulation and supervision are important aspects in accepting new technologies such as crypto.
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Conclusion
With the approach taken by Ustadz Adi Hidayat, it is clear that in Islam, responses to new issues such as crypto must be analyzed in depth, considering both the causes and consequences of its use.
Crypto law, according to this perspective, is an example of how Islamic jurisprudence is able to adapt to the times while still adhering to the basic principles of the religion.
On the other hand, Ustadz Adi Hidayat appealed to always seek advice and guidance from scholars who understand the depth of technology and Islamic law before getting involved in using or investing in new fields such as cryptocurrency.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
What is Insider Trading and What are the Legal Rules?
Legal Issues with NFTs: Risks and Challenges to Understand
Bitcoin Law in Islam According to Gus Ebiet: Digital Finance Perspective from a Religious Eye
DAOs Perspective on Legal Prospects in Blockchain
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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