Iqtishoduna: Jurnal Ekonomi Islam
Vol 10 No 2 (2021): October

Bitcoin As A Means of Transaction and Investment In The Perspective of Islam

Abdulloh Hamid (Universitas Islam Negeri Sunan Ampel Surabaya)
Anis Fittria (Universitas Islam Negeri Walisongo Semarang)
Ubbadul Adzkiya' (Universitas Wahid Hasyim Semarang)
Santi Andriyani (Universitas Islam Nahdlatul Ulama Jepara)

Article Info

Publish Date
31 Mar 2021


The emergence of bitcoin as a means of transaction and investment in the virtual world is intriguing to be studied. Many countries in the world have different perspectives upon the law of bitcoin itself. In Indonesia, the regulation on electronic money is in Indonesian Bank Regulation Number 20/6/PBI/2018 and MUI Fatwa Number 116/DSN-MUI/IX/2017. However, both have not specifically regulated bitcoin. As something new, bitcoin is necessary to be studied in the perspective of Islamic law. The research is a literature study utilizing content analysis to approach the data. The findings of the results are that bitcoin as a means of transaction is permissible (mubah) since there is a similar handover (taqabudh)--that there is a bitcoin to handover, there is no gambling (maisir), speculation (gharar), haram, riba, and false, and that the transactions is on a willingness basis (antharodin) of the both parties. Second, bitcoin as a means of transaction is haram if there is an uncertainty which is close to gharah and maisir, bitcoin as an investment tool has more damages than benefits.

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Journal Info





Economics, Econometrics & Finance


The focus of the Journal of Syari'ah Economics and Islamic Business all aspects of scientific discussions about Islamic Economics, Syari'ah Banking and Islamic Economic Management ideas covering: 1) research article, 2) conceptual idea, 3) review of the literature, and 4) practical ...