Virtual Currencies from A Fiqhi Perspective

This research comes to address the issues, problems, and emerging financial realities of the era, as each era has its own renewed issues that previous jurists did not talk about. It is necessary for students of knowledge with well-established jurisprudential abilities to strive hard in it, otherwise this will lead to the isolation and freezing of society. This research also contributes to laying one of the building blocks in the foundation of the close bond between the science of jurisprudence and the emerging jurisprudential developments in our current era. It highlights the role of Islamic jurisprudence and its principles as a balance that should be resorted to in revealing ambiguous issues and solving emerging problems in light of the balances of Islamic jurisprudence and its principles. It is known that one of the most important reasons why people turn away from jurisprudence in religion, and do not apply it in the dimensions of life; They think that Islamic jurisprudence, its principles and rules are insufficient to comprehend and judge such contemporary problems. One of the most important things that should be understood is the rulings on transactions. Because it is related to the actions of those responsible that occur frequently, and this includes what is related to virtual currencies, which are a new type of currency. These virtual currencies have begun to spread among people, and many people have begun to exchange them among themselves, buying and selling, and making them a price for goods. For this reason, it has become It is important to know the truth about these currencies, and try to develop a jurisprudential conception of them, given the people’s need for that. It becomes clear to us through this research that virtual currencies are considered money like all other real money and they are valued, and it is permissible to deal in virtual currencies according to certain conditions and controls, and the cause of usury is realized in virtual currencies. According to the statement that the reason for gold and silver is their absolute price, so encrypted virtual currencies achieve popularity and include price functions. Perhaps they are closer in resemblance to gold and silver than to banknotes in terms of their global spread that is not limited by place in terms of acceptance and dealing. Accordingly, usury applies to them due to the price, so selling them according to their type requires similarity and exchange;