Top Islamic Scholar Rules Cryptocurrency Purchases Impermissible
Renowned Islamic scholar Mufti Taqi Usmani has declared that purchasing goods using cryptocurrency is impermissible under Islamic law. The fatwa, issued by Darul Ifta at Jamia Darul Uloom in Karachi and dated June 10, 2026 (24 Zilhaj 1447 AH), was signed by Mufti Usmani, a former judge of the Federal Shariat Court, and five other prominent scholars. The ruling was in response to questions about using cryptocurrency to buy books and educational courses. According to the fatwa, research and expert opinions indicate that cryptocurrency does not qualify as 'maal,' or wealth, in Sharia. Instead, it is viewed as fictitious numerical entries in an account, such as USDT or other crypto tokens. Because cryptocurrency is not recognized as wealth, the fatwa states that buyers do not technically gain ownership of items purchased with it. Consequently, such items cannot be used or sold to others, and they must be returned to the original seller. For digital items like an educational course, the fatwa mandates that the materials be deleted from all devices and files, as the seller retains possession even after the transaction. The ruling cites various references from religious jurisprudence works.
This fatwa reflects a traditional interpretation of Islamic finance principles, specifically the concept of 'maal' (wealth) which requires tangible or recognized value for valid transactions. The scholars' reasoning hinges on cryptocurrency's perceived lack of intrinsic value and its nature as digital entries, contrasting with established forms of currency or assets. This ruling highlights the ongoing challenge for religious and legal frameworks to adapt to rapidly evolving digital technologies. Future interpretations may consider the increasing integration of cryptocurrencies into global financial systems and their perceived utility as a medium of exchange, potentially leading to differing scholarly opinions or the development of Sharia-compliant digital assets. The core tension lies between preserving established financial doctrines and accommodating the practical realities of digital economies.
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