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Asia

Explained: Why a Pakistani cleric issued fatwa against crypto trading and why it is spooking investors

Markets-Economic Times · 2h ago · 🇮🇳 India

Explained: Why a Pakistani cleric issued fatwa against crypto trading and why it is spooking investors

A prominent Pakistani Islamic cleric has issued a fatwa declaring cryptocurrency trading haram under Sharia law. Mufti Muhammad Taqi Usmani, whose AAOIFI rulings guide over 200 Islamic financial institutions globally, said cryptocurrencies do not qualify as wealth or property under Islamic law.

Read the full story at Markets-Economic Times →

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