Post
Topic
Board Bahasa Indonesia (Indonesian)
Re: The National Ulema Council of Indonesia declared cryptocurrencies haram
by
mamesso
on 15/11/2021, 10:39:28 UTC
I tried to translate it into english... I understood some but did not understand what is the meaning of "gharar, dharar, qimar".

I remember this was recently asked in on Islamqa also and they clearly said "we are unable to issue a fatwa concerning it."

No ruling and declaring haram are very opposite and haram is very strong word, being a Muslim one should avoid "haram"  need some more R&D.

https://islamqa.info/en/answers/360668/what-is-the-ruling-on-buying-and-selling-bitcoin
Maybe you can find the answer here.
https://bitcointalk.org/index.php?topic=5370518.msg58420634#msg58420634

The decision was made based on the deliberations of scholars throughout Indonesian. According to me, Ulema decision cannot be wrong, because before a decision is made, they have studied cryptocurrency. they have studied how cryptocurrencies work.