Is Bitcoin Halal | Should You Buy Any Now?

We’ve been writing a lot on Cryptocurrency and blockchain. Here’s a complete guide here:

We have also sharia-screened the top 50 cryptocurrencies here:

Here is a fatwa compilation:

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00:00 – Introduction
00:49 – Is it haram or halal?
01:47 – Is bitcoin a good investment?
03:54 – What’s a good crypto investment strategy?

Who are we:
We are two Oxford grads who have studied Islamic finance both at uni and classically for over 6 years. We quit our corporate law jobs to go full-time on IFG in 2020. We are on a mission to help 25% of the world’s population with their personal finances.

Islamic Finance Guru (IFG) is an Islamic finance comparison and analysis site that helps people with their investment, personal finance and entrepreneurial journeys.

We do this for one reason: to make our community better-off. We want to take Muslims from being among the poorest in society to the richest. We think that this is the most effective way to deal with problems like discrimination, under-representation and poverty. For more about the team visit:

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#crypto #bitcoin #blockchain #investment #startup #investing#shariacompliant #halalinvesting #halalinvestment #islamicfinance #ifg

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About the Author: Romeo Robie


  1. Successful people don't become that way overnight. What most people see at glance-wealth, a great career purpose is the result of hard work and hustle over time. I pray anyone who read this will be successful in life.

  2. So just to clarify majority scholars says Cyrpto are halal โ€“ 1:00 but then again some of them are not halal? 1:14 – can you not tell us the ones that are not halal?

  3. Assalamualaikum ,
    Sir can you tell me any halal alternative of futures and options or any halal trading in any market which have high risk and make up to 5%-10% per day ,
    Plz reply sir๐Ÿ™

  4. I already watch your video about Forex Trading and in that video you conclude that its Haram based on several points. And then you said that Bitcoin/Cryptocurrency is Halal.
    what I'm convincing based to my study that Forex is Halal and Bitcoin is Haram. why can your opinion be the opposite of mine? I'm curious about this!

  5. ุตูŽู„ู‘ู ุนูŽู„ูŽู‰ ุงู„ู†ู‘ูŽุจููŠ ๏ทบ says:

    I advise you check Hadith 5590 in Sahih Al-Bukhari and itโ€™s explanation+exceptions in regards to musical instrumentsโ€™ prohibition, may Allah bless you

  6. somehow i don't believe what you are talking about coz u didn't take any reference verse from holy book quruan that tell about this matter

  7. Netflix is actually not a good thing tho

    Itโ€™s demonising Muslims, and breaks Muslims value, so maybe BT is better, than netflix

  8. ur just using islam as a investment paltform. make it just a investing channel with are halal. not a islamic finance guru.

  9. Crypto currencies are not halal.

    It is a digital currency whose market value is determined by speculation.

    Blockchain isc technology for storing information and general public does not need to be aware of that.

  10. Prophet Muhammad SAW's beautiful message for Muslims – Whomsoever helps Muhammad Qasim is as if they have helped Khatimun Nabiyeen Prophet Muhammad SAW, and those people will be with Prophet Muhammad SAW on the day of Qiyamah. Qasim Dreams Come True

  11. The comment sesion is full of scammers. They are playing a well planned game. Coming in a group and making comments for promoting their business. Please delete such comments. They are acting like nobody is noticing them.

    Great video btw.

  12. the most important things to islam sunni back to quran and hadeeth.
    please dont refer shia statement.

  13. I want make sure about environmental friendly energy coins that I can make investment ob these sort of crypto currencies

  14. Hello everyone. Iโ€™m actually looking for a good trader that can help me trade and make good profit… but it very hard to see trusted one. Any idea?

  15. Yet again, so disappointed to see the restive state of so called moulanas while Waqar was explaining as if they consider themselves as experts in every field, especially, Mr Fazal. This is so hilarious to hear when he talked of research and giving verdicts as experts. They needs to understand Google search is NOT research. They appear very superficial in modern day scientific, technological or business concepts. If any government took control of bitcoin operations, it would become like any ordinary exchange at a government regulated bank which will defeat its original purpose. In fact, our moulanas struggle hard with any new idea, they wait for it to succeed in public domain and then they fall in line when they see its obvious benefits to suit their ends, like the use of loud speaker, radio and TV.

    Waqar has explained the technical operations of bitcoin in a program very nicely but he was interrupted before he could elaborate on his original statement: Nothing is either good or bad but how it is used makes it so. I believe, despite whether crypto has any solid base like gold or is backed by government assurances, Islam's major concern is whether the currency/ money is used in fair, just, legitimate (halal) businesses/ purposes. It is a well known fact that only a few types of cryptocurrency are being used or are depend on making profits by doing some illegal and/or unethical businesses such as, to support terrorism, support Islamophobia, defeat and cause an Islamic state or Muslims to fail or defame, buy or sell illegal drugs, alcoholic or dangerous weapons to exercise unjust, unethical political and/or military influence in many regions of the world. Quick profit or quick loss does not change the validity of the business as far as it is legal and not harming people.

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