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InvestmentsMajor Indonesian Islamic organization declares crypto ‘haram’ — Or forbidden By Cointelegraph

Major Indonesian Islamic organization declares crypto ‘haram’ — Or forbidden By Cointelegraph



The East Java department of certainly one of Indonesia’s largest Islamic organizations Nahdlatul Ulama (NU) has issued a fatwa deeming using cryptocurrency “haram,” or forbidden, beneath Islamic legislation.

A fatwa is a nonbinding authorized opinion on Islamic legislation, which is reached via a dialogue known as a bahtsul masail. Representatives from the Nahdlatul Ulama Branch Management and a number of other Islamic boarding colleges all through East Java attended the bahtsul masail.

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