Cryptocurrencies have been declared haram by the Tarjih Council and the Central Executive Tajdid of Muhammadiyah. The Islamic group claimed that cryptocurrencies violated Islamic law on two counts. It would be the third time an Islamic organization has spoken out against the industry, which shows no signs of slowing down in Indonesia. An Islamic group […]
"Tarjih's fatwa stipulates that cryptocurrency is illegal both as an investment tool and as a medium of exchange." These were the words written on Muhammadiyah's official website.Â