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Shariah Advisory Council (SAC)
Securities Commission Malaysia
"Resolved that investment and trading of digital assets is permissible."
The Shariah Advisory Council (SAC) of Securities Commission Malaysia issued the most consequential regulatory ruling at its 233rd and 234th meetings on June 29 and July 20, 2020.
The SAC resolved that investment and trading of digital assets on SC-registered Digital Asset Exchanges is permissible under Shariah. It classified digital currencies as 'urudh (goods/commodities), not as currency, meaning they are not subject to bai' al-sarf (currency exchange) rules. Permissible assets include Bitcoin, Ethereum, Cardano, Chainlink, Litecoin, Ripple, Solana, and others traded on registered Malaysian exchanges.