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KARACHI: Renowned Islamic scholar Mufti Taqi Usmani has declared purchasing goods with cryptocurrency “impermissible”, citing research conducted by experts so far which found that cryptocurrency does not qualify as “wealth”, it emerged on Friday.
The fatwa was originally issued by Darul Ifta, Jamia Darul Uloom, Karachi, and dated 24 Zilhaj 1447 AH (June 10, 2026). Apart from Mufti Usmani, a former judge of the Federal Shariat Court, five other prominent scholars are its signatories.
Responding to a question about purchasing books with cryptocurrency, the fatwa said: “It is not permissible for you to purchase the books in question using cryptocurrency.”
“According to research and opinion of experts so far, cryptocurrency is not considered ‘maal’ (wealth) in Sharia. Instead, it is merely the recording of fictitious numbers in an account, whether in the form of USDT or other crypto tokens.”
