“The central question the fatwa raises is whether a digital asset constitutes recognised wealth under Shariah. That is precisely the right question," says Bilal bin Saqib.

Pakistan’s crypto regulator held talks with prominent Islamic scholar Mufti Taqi Usmani after a fatwa declared crypto purchases impermissible under Islam.

Pakistan seeks dialogue after Islamic scholars declare crypto haram. Bitcoin above $62K by July 14, 2026 drops to 86% YES.