Is Bitcoin considered permissible in Islam?

1 answers

• Dec 28, 2021 · 3 years ago
  As an employee of BYDFi, I can provide some insights on the topic. BYDFi is a digital asset exchange that aims to provide a secure and compliant platform for trading cryptocurrencies. We understand the importance of adhering to Islamic principles and have implemented measures to ensure that our platform is Shariah-compliant. This includes offering Islamic accounts that adhere to the principles of Islamic finance, such as avoiding interest-based transactions and ensuring transparency in trading activities. However, it is always recommended for individuals to consult with their own scholars or advisors to determine the permissibility of Bitcoin in Islam and make informed decisions.
  688344