Bitcoin in Islamic Jurisprudence: Between Innovation and Speculation

Rifqi Prasmanto ; Jundullah ; Ma’ruf ; Anang ; Fathurrahman Assidiq ; Muhammad ; Faiz Diyaulhaq ; Muhammad
Journal of Islamic Law and Legal Studies 📅 2025 Vol 2, No 1 🔗 DOI: 10.70063/-.v2i1.62
Abstract
This study examines the status of Bitcoin and its underlying blockchain technology from the perspective of Islamic law. The research utilizes a qualitative library-based method, analyzing primary sources of Islamic jurisprudence alongside recent academic studies. It explores key Shariah principles such as mal mutaqawwam, maysir, gharar, and riba, in assessing Bitcoin's permissibility. The findings reveal that while Bitcoin's volatility, speculation, and lack of intrinsic value raise concerns under Islamic finance, the asset does not inherently involve interest (riba). Furthermore, the research distinguishes between the controversial nature of Bitcoin and the positive potential of blockchain technology, which aligns with the objectives of maqasid al-shariah, particularly in promoting transparency, financial inclusion, and ethical conduct. The study concludes that while Bitcoin may remain contentious, blockchain offers significant opportunities for Shariah-compliant financial innovation when supported by appropriate regulation and ethical oversight.
Keywords
Bitcoin; Islamic Law; Blockchain Technology; Shariah Compliance; Maqasid al-Shariah
How to Cite

Rifqi Prasmanto, et al. (2025). Bitcoin in Islamic Jurisprudence: Between Innovation and Speculation. Journal of Islamic Law and Legal Studies, 2(1). https://doi.org/10.70063/-.v2i1.62

Rifqi Prasmanto, Jundullah; Ma’ruf, Anang; Fathurrahman Assidiq, Muhammad; Faiz Diyaulhaq, Muhammad, "Bitcoin in Islamic Jurisprudence: Between Innovation and Speculation," Journal of Islamic Law and Legal Studies, vol. 2, no. 1, 2025.

Rifqi Prasmanto, Jundullah; Ma’ruf, Anang; Fathurrahman Assidiq, Muhammad; Faiz Diyaulhaq, Muhammad. "Bitcoin in Islamic Jurisprudence: Between Innovation and Speculation." Journal of Islamic Law and Legal Studies, vol. 2, no. 1, 2025.

Rifqi Prasmanto, Jundullah; Ma’ruf, Anang; Fathurrahman Assidiq, Muhammad; Faiz Diyaulhaq, Muhammad. "Bitcoin in Islamic Jurisprudence: Between Innovation and Speculation." Journal of Islamic Law and Legal Studies 2, no. 1 (2025).

Rifqi Prasmanto, et al. (2025) 'Bitcoin in Islamic Jurisprudence: Between Innovation and Speculation', Journal of Islamic Law and Legal Studies, 2(1). doi: 10.70063/-.v2i1.62.

Rifqi Prasmanto, Jundullah; Ma’ruf, Anang; Fathurrahman Assidiq, Muhammad; Faiz Diyaulhaq, Muhammad. Bitcoin in Islamic Jurisprudence: Between Innovation and Speculation. Journal of Islamic Law and Legal Studies. 2025;2(1).

Artikel Terkait

Environmental Crimes and Green Justice under India’s Bharatiya Nyaya Sanhita and BNSS

Kumar, Neeraj; Mala, Sourabh Sri

A Sharia-Based Digital Farming Platform: Integrating Digital Technology for Efficient Zakat Distribution in Agriculture

Halilintar, Masnur Putra; Istiana Hidayat, Aulia; Pashayev, Amirkhan; Pironti, Vicente

Islamic Economic Law and Sustainable Development: Bridging Ethics, Law, and Policy

Hasanov, Parviz; Songgirin, Amin; Hariyadi, Ahmad Reza; Madadzade, Konul

Reimagining Islamic Legal Education: Toward a Holistic Framework for Syariah and Legal Studies

Vivekanantharasa, Raveenthiran; Wijaya, Rusdiana Priatna; Mammadov, Yashar

Halal Economy and Consumer Protection Laws: A Legal-Economic Perspective

Hasanov, Tofig; Thoriq, Muhammad Rafi; Sujoko Winanto, Sujoko; Aliyeva, Nigar

Toward a Global Sharia-Compliant Regulatory Architecture: A Critical Reassessment of Islamic Economic Law in the Digital Age

Osmanov, Fuad Fazil; Babazade, Zohr Isa; Mansurzada, Asma Elmar
Tren Sitasi Jurnal