Crypto Currency Transactions: A Shariah Guideline

Abstract

The utilization of digital currency is gaining its place in foreign and local societies. There are countries that recognize digital currency and there are also countries that ban it. Islamic scholars also have different views on it. Some argue that digital currency is legitimate while some even forbid it. This study formulates Islamic guidelines related to digital currency. The study was qualitative by taking a library approach and expert interviews to collect data. Data were analyzed through data analysis methods This study produced a Shariah guideline for the usage of digital currency to be the basis of its utilization.