Cryptocurrencies and Blockchain Coding Technology from the Perspective of Islamic Law
Prof. Dr. Hasan Doğan · Chief of Cabinet to the President, Ambassador
Abstract
The concept of money has taken different forms throughout history, shaped by need and by technological development.
Following electronic money, cryptocurrency now occupies the agenda of everyone from small savers to large states. Cryptocurrency, and the system on which it rests, needs to be examined by religious and legal scholarship as well as by informatics and economics, and to be placed correctly within the wider picture of which it is a part.
Rather than being for or against the cryptocurrency system in advance, the study takes account of the transformation undergone by concepts and systems such as the stock exchange, banking, insurance and credit, compares the different approaches taken, and assesses cryptocurrency from the perspective of Islamic law.
The article is published in Turkish. The full text, with its footnotes and sources, is in the PDF files below, together with the German translation and the Swiss journal edition.
- Money
- Cryptocurrency
- Blockchain technology
- Islamic law
- Means of payment