Acting mufti of Ingushetia, Magomed Khashtyrov, urged all believers to abstain from using cryptocurrencies. Local media report this.
According to Khashtyrov, well-known Muslim theologians after consulting economists issued a [simple_tooltip content=’an authoritative ruling within the framework of Sharia’]fatwa[/simple_tooltip], which states that cryptocurrencies do not conform to Sharia norms.
“We have addressed those who promote this line of business, urging them not to mislead people who might lose their money. Cryptocurrency is easy money; it does not carry any good. Even if cryptocurrency were not banned, it would still be regarded as a dubious thing, and Islam calls for caution against the doubtful.”
Instead of Bitcoin, the acting mufti urged his compatriots to grow fruit and vegetables.
“Cryptocurrency is not money, nor a commodity yet. When it becomes a commonly accessible, legally accepted means of payment with a government guarantee, then one can speak of money, but not today,” he concluded.
Earlier in April, the Ingush ulema council forbade Muslims from engaging in any cryptocurrency transactions.
Earlier, the mufti of Egypt stated that trading Bitcoin contravenes the principles of Islam.
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