Investment in Digital Currencies

Question
Is it permissible to invest in cryptocurrency mining?
Answer

I say with God's guidance: They say the meaning of cryptocurrency mining is the process through which networks of specialized computers create and issue a new coin and verify new transactions. Cryptocurrency mining refers to the process of collecting cryptocurrency as a reward for the work you complete. Thus, it is not considered a legitimate currency unless it is internationally recognized and ensures the protection of its owners' rights. Until now, these two conditions have not been met, and therefore, this mining is not considered permissible. And God knows best.

imam icon

Send your question to the smart assistant

If the previous answers are not appropriate, please send your question to the Mufti via