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September 10, 2025

Contemporary Fiqh Perspective on Cryptocurrency: A Comparative Study of the Indonesian Ulema Council and Perlis State Fatwas

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Authors

NANik Fakhrul Hafiz bin Irfan AffandiDSDody SulistioRRRafikah Rafikah

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Overview

Qualitative analysis reveals differing opinions on cryptocurrency fatwas in Indonesia and Malaysia, suggesting regulatory challenges.

Key Points

  • Diverse scholarly opinions classify cryptocurrency as either permissible or impermissible.
  • Both Indonesian and Malaysian fatwas do not recognize cryptocurrency as legal tender or valid payment methods.
  • Library research and document analysis were utilized to compare fatwas from two countries.
  • This analysis highlights the role of national regulations and monetary laws in shaping the stance on cryptocurrency.

Cite This Study

Affandi et al. (2025) studied this question.

synapsesocial.com/papers/68c1bb6354b1d3bfb60ed229https://doi.org/10.30631/21.35-56
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