All answers
Crypto basics
Is crypto considered real wealth (mal) in Islam?
Answered by the ShariaQuant team
This is the question underneath every other crypto ruling. Mufti Taqi Usmani ruled crypto impermissible mainly on the grounds that it is not mal, since it has no physical existence and no intrinsic use. The counter position, adopted in Malaysia and elsewhere, is that mal is established by what a society treats as valuable property, and crypto now clears that bar.
Is crypto mal?This is Shariah screening and education, not financial advice. Rulings on newer products differ between scholars, so where a question is disputed we say so rather than pick a side for you. If your situation is unusual, ask your own scholar.