Mined and Non-Mined Crypto Currencies: A Critical Analysis from Shariah Perspective


Authors : Shahbaz Alam, Hina Noor

Volume/Issue : Volume 5 - 2020, Issue 3 - March

Google Scholar : https://goo.gl/DF9R4u

Scribd : https://bit.ly/39gPmwp

Contrary to the popular belief that crypto currencies are a fad, crypto currencies are here to stay. The potential for crypto currencies in Islamic finance is massive as it would allow investors to participate in beneficial projects anywhere in the world. Though they are largely unregulated and not considered a legal tender in many jurisdictions yet. Many countries have put a stand on cryptocurrencies, while others have not. Critiques and scholars are of the opinion that only one major crypto will surface, the others will be fed away. Thus, on one hand, crypto currencies need to become easier to use, less volatile, and more regulated to ward off the possibilities of speculation, scam, and terrorism facilitation among other issues. in this paper we analyze the mined and non-mined crypto currencies from Shariah perspective.

Keywords : Crypto Currency. Bitcoin, Shariah, Mined, nonmined, Digital.

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Paper Submission Last Date
31 - October - 2022

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