Post
Topic
Board Bahasa Indonesia (Indonesian)
Re: The National Ulema Council of Indonesia declared cryptocurrencies haram
by
Husna QA
on 15/11/2021, 14:44:58 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
If you are a Muslim and want to know more about the meaning of the terms above, you should ask the competent ulema where you live. This term can also be seen in fiqh books (for example, Al-Fiqhu al-Islamiyyu wa Adillatuhu, Chapter on Financial Transactions Law written by Wahbah az-Zuhaili, a scholar from Syria).

You can also read some shariah analysis on Bitcoin, Cryptocurrency and Blockchain here:
https://islamicbankers.files.wordpress.com/2019/02/2017-shariah-analysis-of-bitcoin-cryptocurrency-blockchain.pdf