benzinga: Is Cryptocurrency Halal? Experts Weigh In
07 Dec 2021 benzinga.com
https://www.benzinga.com/pressreleases/21/12/n24475736/is-cryptocurrency-halal-experts-weigh-in
MELBOURNE, Australia, Dec. 7, 2021 /PRNewswire/ -- In recent years, both the Islamic finance sector and cryptocurrencies have risen significantly in popularity. Many Australians who utilise Islam finance are curious about whether cryptocurrency falls under the realm of Sharia-approved finance; Hejaz Financial Services weighs in.
The Melbourne-based Halal home loan expert explains that Sharia law has a strict set of regulations for the Halal financial sector that dictate how money can and cannot be made, spent and invested. These regulations state that when it comes to currency, transactions should have a physical form and a definite value – cryptocurrency does not meet either of these requirements.