Islamic scholar Irshad Ahmad Ijaz argues that digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies should be legalized under certain conditions.
The chairman of the Shariah Advisory Board of the Islamic Bank, Irshad Ahmad Ijaz, who is also a Mufti or Muslim jurisconsult with public authority, spoke this week at an event in Pakistan and asserted that digital currencies are not a fictitious currency currency is a medium of exchange that defines value. and should be legalized once certain conditions are met.
He stressed that the digital currencies were a reality in his personal opinion.
This is important in the context, given that both the government and the central bank of Pakistan are contemplating a ban on cryptocurrencies as reported by DiarioBitcoin in January of this year.
Examining digital currencies
El punto de vista de Ijaz se hizo eco de otros expertos y académicos que asistieron a un seminario que examinó el estado de las monedas digitales desde la perspectiva de la ley islámica.
According to a report published by Academia, Ijaz, who made his comments while speaking at a seminar held in Pakistan on cryptocurrencies, organized by the University of Karachi and the Al-Asr Foundation, also urged the Pakistani government to play its role and ensure that confusion around the use of cryptocurrencies is eliminated.
In addition, the report of Academy also quotes another scholar, Ishaq Alam, who suggested that Islamic scholars must understand that the world is moving into the digital age and that new problems will arise that require new solutions. Understanding this, according to Alam, enables legal scholars to provide proper guidance to users of digital currencies.
Investigar más sobre cripto
Furthermore, Owais Paracha, another crypto expert, acknowledges how previous attempts to create a digital currency failed and how Satoshi the smallest unit of bitcoin with a value of 0.00000001 BTC. Nakamoto’s creation finally succeeded. According to Paracha, Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. has been successful because it combines cryptography a field of study and practice to secure information, preventing third parties from reading information to which they are not privy. and techniques that were used in earlier currencies.
On his part, Chairman of Karachi University Business School Dr Danish Ahmed Siddiqui said that the use of what he called “corrupt currency” is now becoming common in the world, what will happen in this regard in future can be considered now as it becomes the need of the world. He mentioned that only scholars can give their opinion in this regard and guide people properly.
Los expertos también enfatizaron la necesidad de más investigación sobre el tema de las monedas digitales. Esto, a su vez, aparentemente permitirá a estos asesores en legislación y religión ofrecer opiniones que guíen a los usuarios o poseedores de monedas digitales en el país.
Crypto and Islam
These sentiments, which were expressed mainly by Pakistani legal scholars, come shortly after the country’s central bank governor Reza Baqir warned in a speech that the potential risks associated with cryptocurrencies outweigh the benefits. Baqir also said that these assets pose a risk to financial stability.
It is also worth noting that Islam considers cryptocurrencies to be haram, that is to say,prohibidas para la religión musulmana. In fact, in November 2021 the Religious Council of Indonesia will banned crypto for Muslims . That is why these reflections of experts in Sharia, Islamic law, is very important.
It should also be remembered that many have tried to look for ways out. In 2019, the president of Iran proposed a Muslim cryptocurrency.
Version of DiarioBitcoin
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