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Illustration by Sarah Durrani Pakistan made global headlines this June when Islamic scholar Mufti Taqi Usmani, along with five others, issued a fatwa [religious edict] arguing that it was “impermissible” to use cryptocurrencies to purchase goods. The argument was that crypto is “merely the recording of fictitious numbers in a digital account”, it is not recognised as maal [wealth] in Shariah.
Illustration by Sarah Durrani Pakistan made global headlines this June when Islamic scholar Mufti Taqi Usmani, along with five others, issued a fatwa [religious edict] arguing that it was “impermissible” to use cryptocurrencies to purchase goods. The argument was that crypto is “merely the recording of fictitious numbers in a digital account”, it is not recognised as maal [wealth] in Shariah.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
