A. Background: (1) This refers to the related Important (a) BFIC 308 of 25.3.25 about Bitcoin / Crypto not as per Shariah - Top Level World renowned Experts (b) COQC 620 27.11.23 about Surrogate ads of Cryptocurrency & Betting and Shariah in trail, blue, italic and double Line (2) More relevant QCs List is given Para III for ready reference

B. Updated Commentary

1. We would inform you about  and actual Arabic cum Urdu Version Fatwa duty signed by 7 Muftian-e-Ikram & stamped by 3 of 3 Muftian / Darul ul Iftah (Attachment 381.1) and Mufti Taqi Usmani's fatwa rules cryptocurrency purchases impermissible - English (Attachment 381.2 of Geo News) covering in brief in the ensuing paragraph, with emphases ours in bold & Underline for quick reading.

2. A fatwa issued by Mufti Muhammad Taqi Usmani, President of Wifaq-ul-Madaris Al-Arabia Pakistan and Darul Uloom Karachi, stated that buying books through cryptocurrency is not permissible under Islamic law (Shariah).

3. According to the Fatwa, based on the findings and opinions of experts consulted so far, cryptocurrency does not qualify as maal (property or wealth) in Sharia but is merely a record of notional numbers in an account.

4. Mufti Usmani said that purchasing goods through cryptocurrency is not permissible, whether the payment is made using USDT (Teacher / Symbol issued by Tether Limited) or any other crypto token.

5. His son, Hassan Usmani, confirmed that the fatwa circulating on social media was authentic and had indeed been issued by Mufti Taqi Usmani.

6. The fatwa was issued in response to a question asking “whether purchases made using cryptocurrency were valid under Islamic law.” The questioner stated that he had bought two books from a person, one using a crypto token and the other using USDT (Tether) and asked “whether the transactions were religiously valid and what he should do if they were not.”

7. The questioner also sought guidance on purchasing an educational course from a person who was not authorised to sell it. According to the query, the course’s original owner had prohibited the buyer from copying, retaining or reselling the material, but the buyer had nevertheless kept a copy and started selling it to others. The questioner said he had purchased the course from that person using cryptocurrency and asked whether acquiring the course in that manner was permissible.

8. The query further explained that the seller created a group for buyers, added them to it, and after receiving payment and then shared different parts of the course through the group.

9. The fatwa advised the citizen to return the books to the seller, as the purchase through cryptocurrency was impermissible.

10. Similarly, the fatwa said, the procurement of educational course was also not permissible, which also violated law. The fatwa instructed the questioner not to derive any benefit from the course, and advised him to permanently delete the course, which was stated to be in digital format.

C. KC Recommendations Multiplication: Although all the Commentaries are limited to the Subscribed IDs only, however, your Goodself is allowed to share this QC as Sadqa e Jaria to save 9 million crypto users from Haram (TLQC 3086 in para D refers) to the maximum Employees, Relatives, Groups, etc.

D. Further relevant QCs

(a) BFIC 371 of 8.4.26 about Crypto Currency several issues including Accounting (& Shariah matters)

(b) BFIC 315 of 1.8.25 about Virtual Assets Ordinance 2025 and Crypto, Betting & Shariah History

(c) BFIC 319 of 12.8.25 about Virtual Assets law criticized  

(d) BFIC 316 of 5.8.25 about GENIUS Act versus Virtual Assets Ordinance, 2025 = Crypto, Bitcoin, Betting, etc. 

(e) BFIC 309 of 26.3.25 about Crypto Council constituted 

(f)TLQC 3086 of 18.4.25 about 9 Million Crypto users but no Tax Policy - FTO Recommended action 

(g) COQC 620 of 27.11.23 about Surrogate ads of Cryptocurrency & Betting and Shariah 

(h) BFIC 98 of 30.6.21 about Crypto Currency Islamic Shariah & Legal Aspects

D. Further Details & Services

Should you require any clarification or explanations in respect of the above or otherwise, please feel free to email Mr Amsal at amsal@kasbati.co with CC to info.kasbati@professional-excellence.com.

Best regards for Here & Hereafter
Asif S Kasbati (FCA, FCMA & LLB)

Managing Partner 

Kasbati & Co (1400+ Tax, Levies, Companies, Economy, Inflation, HR, Banking, Finance, etc

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