Trading of cryptocurrencies like Bitcoin has been declared forbidden for Muslims by the national council of Islamic scholars in Indonesia, as the popularity of digital currencies grows in the world's largest Muslim-majority country.
During a recent online forum, Indonesia's quasi-governmental Ulama Council declared a fatwa, or a non-binding religious ruling, that cryptocurrency is haram — forbidden under Islamic law.
An Ulama is a Muslim scholar who is recognised as having specialised knowledge in Islam.
According to Islamic law, a transaction should follow certain requirements, such as having a physical form and definite value.
Cryptocurrency as currency is forbidden because it has elements of uncertainty, harm and doesn't meet the Islamic requirement according to Shariah [law]," KH Asrorun Niam Sholeh, the council's head of religious decrees, said in the forum.
However, Mr Sholeh added that although cryptocurrencies as a currency is forbidden, it could be traded as a commodity or digital assets if they meet requirements.
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So no cryptocurrency snack packs? :-(