Mufti Taqi Usmani Rules Crypto-Based Purchases Impermissible

Mufti Taqi Usmani rules crypto-based purchases impermissible

KARACHI: Renowned Islamic scholar Mufti Taqi Usmani has declared purchasing goods with cryptocurrency “impermissible”, citing research conducted by experts so far which found that cryptocurrency does not qualify as “wealth,” it emerged on Friday. The fatwa was originally issued by Darul Ifta, Jamia Darul Uloom, Karachi, and dated 24 Zilhaj 1447 AH (June 10, 2026). Apart from Mufti Usmani, a former judge of the Federal Shariat Court, five other p…

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Mufti Taqi Usmani declares crypto-based purchases impermissible under Islamic law

The religious decree states that cryptocurrency does not qualify as wealth (maal) under Sharia.

Mufti Taqi Usmani declares cryptocurrency transactions impermissible

President of Wifaq-ul-Madaris Al-Arabia Pakistan and Darul Uloom Karachi, Mufti Muhammad Taqi Usmani, has issued a fatwa declaring cryptocurrency transactions impermissible under Islamic law.

Mufti Taqi Usmani's fatwa rules cryptocurrency purchases impermissible

Experts' opinions formed basis of religious ruling.Usmani's son confirms authenticity of circulated fatwa.Buyer advised returning books purchased through crypto.A fatwa issued by Mufti Muhammad Taqi Usmani, president of...