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Revealing the Meaning of Crypto and Bitcoin Currencies as Digital Assets: Al-Jashash Perspective

In: Proceedings of the 3rd International Conference on Halal Development (ICHaD 2022)

Author

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  • Abdul Basid

    (Universitas Negeri Malang)

Abstract

The development of information technology and the internet in the economic field has provided various benefits in people’s lives, both in trade and investment. At present, Bitcoin is not considering a means of payment or cryptocurrency but as an asset with economic value for its users. According to the trade minister’s decision, Bitcoin is a digital asset included in crypto assets traded on futures exchanges. Regulations on transactions only discuss in general anything related to electronic media. Therefore, this study will examine the controversy over bitcoin as a digital asset for electronic commerce and investments and how al-Jashash’s thoughts contributed to his interpretation of bitcoin and crypto as digital assets. For him that against bitcoin and crypto as digital assets are riba which means ( ) is like a mound (ground rises).

Suggested Citation

  • Abdul Basid, 2023. "Revealing the Meaning of Crypto and Bitcoin Currencies as Digital Assets: Al-Jashash Perspective," Advances in Economics, Business and Management Research, in: Dediek Tri Kurniawan & Andro Agil Nur Rakhmad (ed.), Proceedings of the 3rd International Conference on Halal Development (ICHaD 2022), pages 98-109, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-188-3_11
    DOI: 10.2991/978-94-6463-188-3_11
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