Pakistan’s regulator seeks clarity from a top Islamic seminary over a fatwa against digital assets threatening the nation's adoption plans.

“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.

A prominent Pakistani Islamic cleric has issued a fatwa declaring cryptocurrency trading haram under Sharia law. Mufti Muhammad Taqi Usmani, whose AAOIFI rulings guide over 200…