Yasir Qadhi – Is Bitcoin Halal Can I pray Jumuah at school before Duhr time starts Q&A

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			Salam aleikum wa rahmatullah wa barakato Alhamdulillah wa salatu salam ala Rasulillah who either
early he also heavy woman while Welcome to another q&a session or regular Tuesdays and once again
all of you who are interested in emailing please you can email at ask why Q at Epic messages dot o
RG once again ask why Q at Epic Masjid dot orgy and once again I keep on reiterating, I cannot email
you back your answers I will choose from the questions that which is inshallah the most beneficial
for all of you. Those of you that email personal questions, I do apologize but I cannot answer them.
So please understand, please try to choose general questions that lots of people can benefit from.
		

			So we began in sha Allah Our first question brother Zahid from Wylie, Texas Wiley is literally the
next city out of Plano. So Wylie, Texas, he is a high school student in our neighboring district.
And he says that his school has allowed Muslim students to pray Joomla on Fridays during the lunch
break, however, he says that the lunch timing obviously when the time changes, those of you that are
not in America, you should know that our time changes, we have an hour that goes back in our good
that goes forward and follow it in spring. He says when the time changes, then the lunch slot comes
before salatu Zohar. And so he is saying that what do we do that our lunch break therefore will
		

			finish before the horse starts during some of the months and then most of the month it is perfect
timing. So he heard an opinion that he may pray Joomla in this time slot, and he wants to know what
my position is on this regard. So this is a very good question. And it deals with the beginning
timing and we'll also cover the end timing of Sonata Juma. Now before I answer the film or the
technical side, I want to firstly encourage this brothers I had mashallah for taking the initiative.
It looks like that he's already involved in the Muslim Student Association at a high school. They're
engaged with the community they want to start their own Juma and this is something that encourage
		

			every single one of you to try to make sure that you are praying Juma prayers, those of you that are
in high school, those of you that are at your workplaces, obviously those that are adults, it is
obligatory, the adult males it is obligatory, and those of you that are even in school, I know that
sometimes it is difficult. The least you can do is try inshallah to Allah to petition, your your
your your high school or your school, if you have a good number of students and ask for a time slot
and an empty room And Alhamdulillah across at least in the United States of America. I know for a
fact that many, many high schools actually have Juma on their campuses, including the one that is
		

			closest to our mystery of the public high school. This is a Western public high school. The closest
is called the Plano High School is Plano high school this is in fact, they have solitaire Joomla on
campus, and one of their own local students gives it so I encourage all of you to try your best to
have Joomla in your schools, if you are able to get permission to have it in your schools. And if
you can even go to a masjid, which is of course probably logistically far more difficult, but still
try your best to do that. And by the way, even before I answer, you know the this question from a
filthy point, the reality of trying to understand our real situation in America and fine tuning
		

			fifth. So some some time ago, I said that we should have a rethink through some of the rules of
faith and reform what needs to be reformed. And unfortunately, some of the brothers really
misunderstood and they made a very huge deal out of it completely misquoting and, you know, going
against my methodology quite clearly and you know, may Allah forgive them for this egregious
Calamondin accusation. But the fact of the matter is that this is a perfect example, our earlier
books of fiqh, living in an ideal Islamic land said there should be the least number of Juma as
possible in a city and the maximum people should come together for every Joomla in fact, sometimes
		

			you even find some books they said there should really only be one Joomla and the whole city or at
least in one entire district of a city, there should only be one Joomla and you know, that makes
complete sense when you are in a Muslim land and everything is going to shut down and we are
expected to go pray Joomla but in North America and in all minority countries situations where it is
extremely problematic to take
		

			Take two, three hours and drive half an hour and then listen and then come back. And in fact, we
have to understand not everybody even has that level of iman to ask their boss for a two hour break.
And not everybody, even if they ask their boss, we'll get a two, three hour break because the
workload is different. And the person who's working as a laborer, let's say, in a factory doesn't
have the privilege of an executive or a CEO that has much more privilege. So looking at the
situation in North America, and across Europe and across the western world, we should encourage as
many juniors as possible in order to facilitate people to come to any Juma and I know for a fact in
		

			a number of cities, you know, especially in the cities that have large corporations, Google and
Microsoft, and all of this right, that they have massive buildings, right next to each other, maybe
next to meaning like five minutes away, not like literally an extra but 510 minutes away, but it is
a separate Campus Security insecurity out to get from there to another is a huge nightmare.
Employees of one corporation cannot go to the other corporation easily, even though the physical
distance is not that much. But because there are so many Muslims working in these corporations. And
yes, these all companies, Microsoft, Facebook, Google, all of them, they have mashallah lo Boeing,
		

			lots and lots of Muslims working in these corporations. And I know for a fact that I visited some of
these companies that they have Joomla on site. And sometimes even some of these corporations
themselves are so big, that they will have multiple juniors in different office buildings. So they
have unit one will have his Joomla unit two will have its Joomla simply because the corporation does
not facilitate two three hour breaks on Friday, there's a lot of work to be done. And so during the
lunch break, they might get a little bit extra Joomla. And so there's enough people to pray Joomla
in one office building 3040 50 people in one room, and then in the next room 3040 They can't even
		

			have a room of 500 people on those facilities. Even though the masjid might be a 15 minute drive or
which is in America 1520 minutes is a reasonable distance to go for Juma, but because of the
quantity of Muslims and the logistics of going in and out. And the fact that if you were to put
hurdles and barriers, many of those that come for Joomla would not actually drive all the way there
for Joomla. So in order to do this, looking at the situation, there is no problem that we look at it
in a reasonable manner and say, Hey, if you're able to form a Joomla, in which more people come and
Subhanallah if you're going to put more and more barriers, the level of iman is already so low and a
		

			person who might take the elevator down to the second floor to have a Juma and he's not going to go
20 minutes to the masjid and then come back to the late lunch break and then have problems with his
boss, you are allowing him to come and pray to high school students, right? The high school student
they cannot leave the premises usually most most high schools would not allow you to leave the high
school during Jumar time. But if there's 4050 students, even 20 students, even 10 students, and they
petition and they say hey, can we have a small gathering every Friday and in America generally
speaking, you know, they're going to be receptive because of the freedom of religion. They can allow
		

			this to happen. So maybe somebody who studied earlier Phyllis iStockphoto law, you're having a job
or 20 minutes away from the masjid five minutes away from the Masjid. It's better for them not to
pray tomorrow. And we say yesterday, please, that might have been the case when the man was high and
we're living in an Ideal Muslim land. But given the reality between no Joomla and between a second,
third, fourth, fifth Joomla there is no question that we need to quote unquote, reform. This is what
I was saying when I talked about reformation quote unquote, I'm not talking about you know, a
complete rehaul of the shady out with a biller. I'm saying certain rulings that make a lot of sense
		

			and Muslim majority situations do not make sense and Muslim minority situations and we have to be
open minded enough to see the shady I did not say Allah did not say have one Juma in the city, the
process of did not say this, there is no unanimous consensus. So here we have a young lad, I went
into all of this tangent to clarify and explain here we have a young lad, he's saying that we're
praying Joomla out, but now they have another issue. And the issue is the timing of Sinatra. Joomla.
And that lunchtime comes sometimes when lunchtime finishes, it is before the vote her timing in our
locality. And so maybe lunch finishes, I don't know 1130 and though her might start at 1215. So he's
		

			saying what are we going to do now that for those two, three months, when do her and lunch, you
know, are different timings what is to be done? So we say that when it comes to this issue, realize
that even from the earliest of time there have been two opinions about the beginning timing of
Joomla. And it is true that the majority of scholars the Hanafi is the Shah phrase the Maliki's,
they said that Joomla time begins after the Zool after the Sun begins this decline. So when the sun
reaches its zenith, then when it begins to decline, this is the time of the hook and it is a time of
Dunhuang. So for these three month hubs, according to them, that would not be the time of Jomar
		

			So they would say that this is not going to constitute Joomla. And that is a valid opinion, and they
base this on a number of traditions of them. It is reported that the Prophet sallallahu alayhi wa
sallam would pray Joomla when the sun began to go down, and a no way remarks that Imam Shafi said
Imam Shafi said the Prophet sallallahu alayhi wa sallam and a worker, an aroma, an Earthman and all
of the Imams, the the leaders after them, they pray Juma after the Zool and so the notion is that
the default of the Ummah has been to pray Juma after the Sun begins, it's so well, however, there is
a dissenting midheaven that is the Humboldt eight madhhab the Henneberry madhhab says that it is
		

			allowed to pray Junior art before the Zool some of the scholars of the humble you might have even
said you can pray to more at once so that the dog comes in very early on however, the default of the
madhhab which is the position that is the mature and the and the factual given is that you may pray
slightly before there's a while you may pray an hour before this award and not like five hours not
before Fajr I mean, sorry, not after fajr but you may pray Joomla you know, before is the word by a
little bit, so they say Joomla and Doha are not the same time slots they say Joomla begins a little
bit before the her and some say a lot before the her and they base this on the hadith of Jabba Radi
		

			Allahu Allah and that is reported inside Buhari sign Muslim authentic hadith that that we will pray
Juma out with the Prophet sallallahu alayhi wa sallam, and then we would return to our camels and
take them to the pastures when the sun began to go down the Zoa began. So the fact that they pray
Jumaa, then they go back to the pasture, and they go to their camels and the sun begins it's Zool
This means Juma must've been prayed before the ZyWall and selama tip that Aqua narrates that we used
to pray with the Prophet sallallahu alayhi wa sallam Jumuah and then we would go home and the walls
would not have enough shadow for us to find comfort in them. So the walls so the walls of the
		

			streets, the walls of the the passageways, right so when you're in the heat of the sun, you want to
walk in the shade and sell out. Aqua says when we would come back, the walls would not have even
enough of a shadow that we could come under their shade, which means that it was basically at zero
all the time, which means that Juma was prayed before the word and saheliyon aside or the Allahu to
Iran reported that Mokona nuclear war and wallah anatella in Baghdad Giamatti, fair idea Rasulullah
sallallahu alayhi wa sallam, we would only take our afternoon naps and eat our lunch after the
Joomla during the time of the Prophet sallallahu alayhi wa sallam, and their afternoon naps were
		

			typically done around Zool time. So the siesta you know the the common habit of the siesta, which is
found in many countries, especially in the Spanish speaking countries. And that's because of the
arrows mashallah the Arabs had the Tallulah and so the in the loose, they took this habit and it
became something common. And to this day, by the way, the only European country that I'm aware of
that has that rule. I'm sure somebody is going to correct me in the comments, but we're the ones I
have visited.
		

			No European countries that I have visited shuts down during the daytime but Spain is one of those
countries that they have this clueless system just like in Arabian other places where during the
day, nobody does anything and there's like two shifts here. In any case, the point is that the point
of having that afternoon siesta, it was done when the sun was added zenith and Salomon Assad said,
we will only take our karula and we will eat our lunch after Jumar which indicates it's an
indication that the Juma was done before the ZyWall and this is why even Kodama the great giant of
the humbly medhelp who wrote the encyclopedia al Mooney, he says that we're inside of the Jumada
		

			cobblers, why the facade is this at a tomb if the people pray Jumeirah, right before there's a wall
in the last hour, the six hour here means the 60s Sasa This means after fajr by six hours, yeah, and
if the wall is 12 o'clock, he means 11 o'clock. That's what he means. Right? So the point is that
before is the world by an hour, if you pray Joomla, the humbly medhelp allows it and it is
completely permissible. So according to this famous men have the great metaphor, and they have
plenty of evidence to back them up. They say that it is completely allowed to presume or during the
timeframe that you are talking about, by the way, just FYI very quickly, the end timing of Joomla.
		

			There's also two opinions on this. And once again you have three methods say one thing and one might
have say another so the humbard is the shaft freeze and the Hanafi say that Jumeau our time ends
with the beginning of Ossur. So just like the hard times ends with the beginning of also, so to June
		

			Our time ends, June why time ends when ASA begins? By the way, footnote here. Interestingly enough,
the HANA fees have a different answer time. So even amongst the HANA fees, the Joomla time would be
longer because the Hanafi say, when the shadow reaches double its length is the time for Elsa and
the sharp fairies and hamburgers and Maliki say when the shadow reaches one its length, then it
becomes also time. So according to the Hanafi madhhab, technically Joomla is much later can be
prayed anyway, than the other two, but they say the same. And that is that when also time comes in
Joomla time finishes, the one month have that that has another phrasing. So again, technically,
		

			these are two opinions, right? So I say it's one opinion because the wording is the same when also
time comes in. But in reality, when also time comes in itself is two opinions. And the Hanafi said
one thing, and the other month have said another thing. So we have over here already two opinions,
one July ends, but there is another opinion and that is the Maliki madhhab, especially the giants of
the Maliki madhhab. So Hanuman and others they explicitly say this that Juma can be prayed any time
before Marieb as long as also it is also prayed. So they say that Jumar can be delayed. And as long
as you pray Joomla and then acid and then Muslim time comes in, you are fine. So the Maliki's kind
		

			of extend Joomla all the way to let's say 20 minutes before Muslim or 10 minutes before most of this
give the hotbar prayer Joomla and then you pray also, and then if you have to, they're saying and
then you are fine here now. Therefore, the humbly Madhava allows an earlier Joomla the Hanafi
madhhab would allow a later Joomla the Malik is without Allah latest Joomla. Now question here is it
allowed for the student
		

			to pick the humbly method even though they might themselves behind a fee or Shafi and again, I have
my position on this and that is that we do not pick and choose med hubs based upon following desires
based upon Shaohua. Based upon making life something that is easy for me, but we may follow an
opinion from another madhhab if there is a need to do so. And the goal is the preservation of the
deen the goal is to make the religion easier not to make life easier. And in this case, our student
here in the Wiley district has one of two options if he sticks with the Hanafi and Shafee and Maliki
and I don't mind that per se and that's fine. If he wants to do that. That's I mean, I'm not saying
		

			it's wrong per se, if he wants to be pedantic and stick to the madhhab. And the school district is
not allowing them to go pray in the local machine, which is frankly, that's not going to happen that
you cannot expect the school to allow the 10th graders to leave the premises it's really not even
wise or legal to do so. So I understand the school won't allow them to do that. So what you are
saying essentially is there will be no drama. And I understand some people are so adamant to stick
with their meds have they're going to say we don't care that's fine, no tomorrow that's what Allah
and His Messenger want. I only push back and say But my dear brother, Yanni these muda HIV are human
		

			constructs these mega HIV greater Allah ma attempted to drive Allah's laws and inshallah they're all
good people. And if we find an opinion, that is better for the deen not easier for our knifes not
easier for Xiao Hua not that we want to follow a desire and this shift allowed this and we like to
this food this show allowed this drink without this drink. No we don't pick and choose because of
our sensual desires. But if we were to choose a position in order to make our iman stronger in order
to preserve the deen of a 15 year old child, then me personally I am all for this. And if I were in
charge of this, you know the school or whatnot, I mean meaning if they came to me and the brother is
		

			coming to me, I will say you may follow not only you may you should follow the humbling but have in
your school district for the time being then when you become an adult and you are in control of your
affairs and you wish to remain Hanafy and disregard no problem and hamdulillah stick to your madhhab
where you can but in this circumstance when there is no alternative and you want to follow a
position in order that your iman increases and that you listen to the vicar of Allah and that your
fellow students come together and have a hot bath and you feel that you're Muslim on July day. Well
then of course this is a no brainer you should take the humbly met her position and pray Joomla in
		

			your lunch break throughout the entire year. There is no harm or problem in this and ALLAH SubhanA
wa Taala knows best. We now move on to our next question Mila
		

			so we have another question very complicated question. I'm going to try to summarize this brother
body from Auckland New Zealand mashallah Tabata cola I'm very happy we have viewers all the way from
what do you call New Zealand Down Down Under I don't know because down under Australia and you even
down or down within Australia so you are Masha Allah, Yanni.
		

			What do you call the Kiwis? Right? That's what you call you guys, kiwis. Bye
		

			Shala This is not an insult brothers and sisters, the people in New Zealand they call themselves
Kiwis they they like this term. So I have never been by the way HINT HINT wink wink maybe one day in
sha Allah. So brother thought it from Auckland, New Zealand he emails and he asks that recently a
fatwa has been given by a national council of orlimar in a particular Muslim land, there's no need
to mention the land over here saying that Bitcoin is haram and he has heard me state in the past
that Bitcoin is halal. So in light of this new fatwa, he is asking, Can I comment on it? And what
are my thoughts about this? So, to respond to this question briefly, without trying to rehash an
		

			entire lecture I gave about Bitcoin in the past that realize that this is the footwear that has just
been released by a particular Muslim country, that to be honest, I read it, there is nothing new in
it per se. The same arguments are hashed and rehashed about Bitcoin and about cryptocurrencies
overall, for the last six, seven years, and respected and respected councils have spoken about this.
And there are predominantly two main camps, the first of them, which is this country, and other
grand, you know, as great scholars, I should say, they say that it is completely impermissible, it
is how long and they have a number of you know, various evidences, they, you know, five or six they
		

			mentioned, and I have gone over this in a longer q&a. And the second position, which is what I have
advocated on the field Council in North America, and many finance experts across the globe, I have
read a number of photographers, from scholars in England, from scholars in Malaysia, from scholars
in France, from scholars in Saudi Arabia, who have written treatises and papers on Bitcoins, on
Bitcoin in particular, that they say that it is halal. And in the end of the day, really, dear
brother, you will have to follow the authorities whom you trust, because this is a new matter. And
both sides have respected aroma. And scholars and I have been teaching respect of scholarly
		

			opinions, you know, even as I position or even if I have championed my own position, and argue my
own case, this is my opinion. In the end of the day, dear brother, you have to follow the group of
scholars that you trust, and the rest is, you know, between you and Allah subhanho wa taala. But
you've asked me to comment on this. And I will simply comment by stating that the position of those
who say that it is permissible bitcoin is permissible, and I'm one of them and the field Council
North America that I belong to also gave this photo is basically the default, they don't need to
bring any evidences, they say, the default when it comes to all types of transactions is that they
		

			are permissible, whoever bans it, whoever makes it haram, the proof of burden is on them. And they
say we say I say that all of these evidences that they bring to talk about Bitcoin being haram do
not reach the level of making it out on the max that they can say is that it is speculative and
perhaps dangerous for an investment and perhaps not wise to do but to make something haram based
upon the arguments that they bring, we feel many scholars feel that they simply haven't done that.
And because of this, Bitcoin remains upon his default, which is that it is valid. In other words,
the onus of the proof is on them, the onus of the burden is on them, and every single point that
		

			they bring to make Bitcoin haram, if you were to take that point, you could apply it to many other
things that the same group makes valid. Please understand what I'm saying here, every single point
that they bring to say that Bitcoin is haram, you can bring that same issue, whether it's
speculation, whether it's the fact that you know, we don't know the price is going to be whether
it's the fact that they believe it doesn't have tangible value. And we can extrapolate this to other
things as well that you think it doesn't have tangible value that people think it does have tangible
value. So whatever criticism that they bring, you can extrapolate it to other things that the same
		

			group will allow, and therefore we find that in reality, the aspects that they bring to criticize a
Bitcoin are not strong enough to make it haram and also realize that the issue of cryptocurrencies
is overall a relatively new market, it's literally a decade old or a decade and, you know, a year I
mean, 11 years, literally, and so there's a lot of controversies and don't be surprised if people's
fit was changed or modified over time. A lot of people a lot of scholars are not really
understanding what Bitcoin is and cryptocurrencies in general. And, you know, I advise those of you
that are interested to basically do your own research by the way, each cryptocurrency it has a white
		

			paper that is authored by the people who have founded the particular cryptocurrency and the
information about it is, is available online. This white paper it it throws light on a number of
aspects, most importantly the purpose behind the Bitcoin. Sorry, the purpose behind the crypto
technology that could
		

			To currency and also the technology that is that is used. Now, the issue of Bitcoin in particular,
there have been quite a lot of photos given about Bitcoin in particular, I am not aware of any
detailed fatwa that has gone into cryptocurrencies overall I'm sure there are I just haven't come
across them. Crypto currencies is broader than Bitcoin. Bitcoin is the first and the most famous and
as of today, it is the most expensive as of right now, it is the most expensive Bitcoin, but the
fact was that have been given are particularly about Bitcoin, and you can extrapolate them to
Aetherium and to some of the more established coins, the problem comes there is no question that
		

			because of the success of Bitcoin, a lot of cryptocurrencies have been formed that are completely
useless, they are formed by unscrupulous people who basically want to enact a large Ponzi scheme, a
Ponzi scheme is where you take the investment of the later group in order to pay off the earlier
group so that it looks to the earlier group that a profit has been made, the people feel there's a
profit being made. And so they come in the next wave is then used to pay the middle wave, and then
the middle way makes a profit. And then when you get a very large profit, all of a sudden, somebody
disappears, the Ponzi scheme collapses. And it turns out, it was a huge fraud from the beginning.
		

			And this is named after one of the first people to do this. So Ponzi was his name, so called the
Ponzi scheme, there is no question that some of the newer cryptocurrencies, many of them might
actually be elaborate Ponzi schemes. However, just because some of these are many of these are Ponzi
schemes, it doesn't mean that every one of them is so we don't throw out you know, all of the apples
in the barrel just because one or two or even 10 Apples are bad or corrupted we look at them you
know, bit by bit, bit by bit pun intended with Bitcoin and Bitcoin in particular, the field Council
has issued a fatwa by naming Bitcoin only, and we did not talk about the rest of the crypto
		

			currencies. Now, we can extrapolate as we said to the stable and the established currencies in the
cryptocurrency market such as Aetherium, such as Cardano, such as tether these are established by
now and the field counselors footwork can easily be extrapolated to these ones as well basically any
established coin that has a legitimate purpose and that is based on the blockchain blockchain
technology, it does appear that you know once it is established and people are now actually using it
in the real world, that inshallah it will meet the same criteria as Bitcoin. Now, as I said, The
problem comes these factors that make Bitcoin haram
		

			they use generic, generic things, generic matters, that are not themselves applied consistently to
other matters. So for example, one of the biggest things that is mentioned is they say, the price is
speculative, we do not know one day is going to go high, the other is going to go low. And of
course, so are the prices of stocks. So are the prices of currency trade, we do not know if there is
a crises in let's say, Japan tomorrow, Japan, the Japanese yen and the American dollar, the the the
exchange rate might change completely, it's very volatile, especially if a country is engaging in
trade or civil war or something of this nature, things might happen. Just because it's speculative.
		

			It does not make it how long the fact that the price is unknown, or the price might easily go up and
down does not make the product haram or the issue haram. Another issue that is raised is that
Bitcoin is not backed by a government Hence, it is not an established currency. And this is a semi
valid point in that it is not backed by a government. But then the next issue hence it is not an
established currency. That's where the big question mark comes because the Quran and Sunnah does not
define what a currency is. And especially in our times, when pretty much all of the currencies or
most of the currencies of the world are no longer linked to actual gold and silver, you know,
		

			President Nixon in 1971. Famously, he d linked the US dollar from gold. And so, what exactly is a
currency? What constitutes Mal? What can be used to be to exchange commodities or to use as the
basic measure by which to buy and sell things? What has monetary value is it only gold and silver?
Some folks have said that, by the way, and there are people even today calling for a return of the
gold standard and the gold dinar and you know, I mean, utmost respect to them. I have nothing
against that and you know, in some ways will lie. It makes a lot of sense. I'm not against that. But
that's not how the world actually works. And the American dollar and the British Pound sterling and
		

			you know, the Japanese yen, they are not linked to any actual commodity. They are quite literally
printed by their governments and people who give value to them because they trust their governments.
So because of this quite a number of fuqaha
		

			Even in early Islam even in medieval Islam, they did they they said that that mal monetary you know
currency does not have to be tangible per se. And many of the Shafi scholars Imams sooth and others
are of this opinion, even some of the modern Hanafuda moved to talk Earth money is also of the
opinion that if a non tangible item such as a quote, or rights and benefits, attains value,
according to the custom of the people, then it can be treated as mal, and so move data and others
Imams duty, and before him and whatnot, they say we look at the Earth, or the prevalent customs of
the people, we look at what people do business with. And if they give value to something, and if
		

			they consider something to be worthy of value, then it can in fact, gain that value. And the whole
point of Bitcoin is to break away from centralized banks, those fuqaha, who criticize Bitcoin, by
saying it's not backed up by a government with utmost respect, it's as if they've kind of lost the
whole point of Bitcoin, because that is exactly what Satoshi the founder of Bitcoin actually
intended, he wanted a currency that is decentralized, he wanted a currency that is not linked to any
government government, because he felt that governments are manipulative, that governments are
elitist that governments are themselves inflating the value of their own currency by printing or not
		

			printing or doing whatever. So he wanted a currency that is truly global, and that has no one entity
or cabal that monitors it. And he wanted a currency that would be decided its price would be decided
by all of mankind, its market value will be equally everybody gets to decide how much you know, a
bitcoin is worth not the elitist banks or the governments or whatnot, he wanted it to be a truly
open democratic, if you like, system. So the notion of Bitcoin not being backed by a government is
absolutely correct. But that's the whole point of the Bitcoin. So the claim that Bitcoin has
imaginary value, I mean, to be cynical here, the same can be said, to be brutally honest of of the
		

			American dollar, or the British pound, that technically, I mean, if you were to use if you were to
go to the jungles of you know, some land that has no fiat currency, and try to use these, this paper
money, they will just look at you and say, what, what is this? What am I going to do with this,
right. And there's an example that, you know, has has been given by a certain scholar who talked
about Bitcoin, I forgot his name. And I'm not trying to take credit for this example. But I remember
hearing this in a lecture that the example of Bitcoin somewhat is like when you go to an amusement
park, and you decide when you enter the amusement park, you hand over some money, and you get some
		

			tokens. And these tokens are used for rides inside the amusement park, right, some REITs have one
coin, some rights have two coins. Now, these coins, they have value inside of the amusement park,
and they have value within that system. And everybody understands when you're within that system,
that this coin, this this token, it has value. However, outside of the amusement park, if you were
to take this, you know token that is used in the amusement park, and you were to try to buy food
outside of the amusement park, or you go to another place, they're going to just look at you what is
this, we don't know what it is. So this token has value amongst a certain group of people. And it
		

			has no value amongst another group of people. The fact that one group does not consider it to have
value doesn't mean that it actually doesn't have value. And a simple example here that suppose you
purchase, let's say, 10 of these tokens, you go to the amusement park, and you have 10 of these
tokens, okay? And you want to play some games, and you know, you want to do some rides, and
whatever. And then all of a sudden, you know, your, your wife calls you up and says, Where are you?
You have some guests coming? By the way, what are you doing at an amusement park without your wife,
their cell phone a lot. But anyway, hypothetical example, your wife calls you up and says, You need
		

			to be home, and you have these 10 tokens, right? And you have to leave the amusement park. What if
you were to sell these tokens on the spot to somebody else? And suppose that that person didn't want
to walk all the way back to the entrance? Suppose it's like, you know, Disney World, those of you
that have been it's a massive, you know, park and you don't use cash in there, by the way, you do
not use actual cash, they have their own currency, you know, inside by the way, this is real. They
have their own currency, their own tokens and whatnot inside a Disneyworld, right. So suppose that
person didn't want to walk all the way 20 minutes. And those tokens, you purchase them for $10
		

			You're like, Okay, I have these 10 tokens. You want them for 20 Instead of walking back, I have them
right here. And suppose the token place closed down, and now you have the tokens you have the
ability to sell them inside the park. Is anybody gonna say that is haram? It's
		

			Clear as halal, because you have the tokens, and this person wants to buy them. And according to
you, and this person, this token has meaningful value, it has something that the people inside this
park they, they they believe so what exactly constitutes fake currency? In reality, a currency is
only as strong as the people who believe in it, and the more people believe in it, the stronger it
becomes. So you now have established cryptocurrencies, Bitcoin is the most established and because
it has a limited amount, and because it is having every so many years, and within a few decades,
there will be no more Bitcoins to actually produce, right? So Bitcoins are being mined, if you know
		

			how they're produced. And so, once you purchase a Bitcoin, you are you know, or even a fraction of a
Bitcoin, that is it, you are taking a permanent, you know, portion. And once the Bitcoin runs out,
there will not be any more Bitcoins produced after that it's going to be bartering, it's going to be
handing bitcoins over back and forth. The same goes for Aetherium, and Cardano, and tether, and all
of these major ones, that they do have value amongst the people who believe in them millions and
millions of people. In fact, some governments have now opened up the door to accept Bitcoin as their
official currencies as well, a number of governments have begun this right. And so the claim that
		

			Bitcoin has no intrinsic value is simply the same as saying, you know, the, the money that is used
inside of Disney World has no value. No, it does have value for the people who believe in it. By the
way, just FYI, when it comes to Kryptos. And Bitcoin, there are two major categories of people, the
first of them, well, there's a third, they don't want to get involved, that's fine. Two that are
actually involved, the first of them, they want to get rich off of it in dollars or in their
currency. So they want to buy when it's dip, and then when it sell when it rises, right. And this is
probably the majority of the people they want to buy. And this is in and of itself helpful. Because
		

			it's like imagine if the Japanese yen and the American dollar, imagine if you felt because you were
expert in Japanese, you know, foreign policy, you felt that, you know, the dollar is going to rise
in power. So you invested in this in order to then mark it off of the Japanese yen, that's your
speculation is highlighted in and of itself, you know, as long as it's done on the spot, and the
money exchanges immediately. It is halal. So if you do this with Bitcoin as well, it is
intrinsically Hala. Nothing wrong with that, per se, but you have a second group of people. And
these are called the hodlers ha de l huddle. And that basically means you're going to hold on and
		

			never let go. And these people actually believe that Bitcoin and these other cryptocurrencies will
eventually replace the dollar or if not replace, at least become an actual bonafide global currency.
Now, that might seem far fetched. But if anybody is following what's going on in the world, day by
day news keeps on coming out that seems to indicate that Bitcoin and Aetherium and these major
brands really are situating themselves to become a de facto currency within maybe even a decade if
not earlier than that. So what people used to scoff at five seven years ago, now it seems to be
pretty pretty mainstream and perhaps even you can see it in the near future. Anyway, the point being
		

			that the the claim that Bitcoin is haram because it is imaginary or because it is speculative or I
mean some people say is haram because Bitcoin is used for haram purposes and again, this is I mean
with utmost respect whoever says this, I really think they haven't studied the basics of the reality
of how Bitcoin is being used. Of course, Bitcoin is used for Haram is cash not used for haram if
cash itself cannot cannot be used for haram Of course it can to make something haram because you are
an evil person is using it for how long makes no sense it depends on the functionality in and of
itself, currencies are neutral and whether somebody uses them for good or evil, the currency itself
		

			were neutral now what this group says is that the anonymity of the user is what makes it haram and
to respond to this one can say you know what any the anonymity of a cash giver can also be you can
come with a full veil and give a cash over to some criminal or something and even by the way wire
transfers I mean, was it last year where almost $2 billion were you know, wired via via via an
elaborate scam in Bangladesh somewhere some of them there's some some major you know, scandal
happened. I mean, where there's a will there's a way to make all of bank money haha meaning bank
wire transfers because somebody can use it for how long to make all of Kryptos are Bitcoin haram
		

			because people buy drugs or do haram because of it. Again, it's not a it's not a legitimate reason
to make the entire currency or the entire
		

			Your issue haram these are simply, like I said, the max that can be said you tell the person to use
it for halal. So the the fatwa from the field Council and others remains and and I myself don't see
any problem to rethink through this, that all of these issues that are being raised about Bitcoin
and others, they have been responded to quite quite easily to be honest, and I really don't see the
Mexican we said by the way, the fact that these Council say that it is halal, like the field
Council, that doesn't mean that they are endorsing you to go and actually use it. They're simply
saying it's not haram. And in fact, in our fulfilled counsel, we actually said that the very last
		

			line is that we caution people to Yes, just because it's halal, doesn't mean it's wise. There are
two different things you can it something can be halal, but unwise, so you have to yourself think
about whether you want to get involved. Yes, it is a volatile market. And the shady does ask that
you preserve your wealth, and therefore, what the advice that I would give is the advice that many
people are giving, do not invest in cryptos and especially in Bitcoin and what and what not more
than you can afford to lose, be cautious and it is best to be cautious and if you want to avoid it
completely, no doubt that that will be the safest thing to do. Now, as for other cryptocurrencies,
		

			as I said, this is a case by case basis and I don't think anybody can say that all cryptocurrencies
are halal, because some of them are clearly Ponzi schemes. And some of them are clearly meant to
deceive. Some of them are used for like they're meant to use for filth or * or how long so
clearly, any crypto that is meant to be used for drugs and whatnot. So the purpose of it in other
words, the name and the transaction, it is meant for haram there are specific niche specific a lot
of people don't know this. There are niche specific cryptocurrencies. So for example, there's
cryptocurrencies for dentists that's a valid cryptocurrency. There's cryptocurrencies for the types
		

			of business transactions. There's cryptocurrencies for niche markets. They're saying this is going
to be the way forward. Okay. I mean, I understand that, but there are cryptocurrencies for how long
things as well, like drugs like alcohol, like manufacturers and whatnot. Clearly, those
cryptocurrencies have no question about it. And they're also cryptocurrencies that seem to be very
fake or Ponzi schemes, those two would be haram, but any currency that is based on your standard
blockchain technology, and is established by large groups of people such that really it's
impossible, really almost impossible, realistically impossible for it to collapse or become a Ponzi
		

			scheme. Generally speaking, the default of the shady I would still be that these types of things are
halal, whether they're wise or not, that is up to you to decide. And the default position that I
would say is that do not get involved in Kryptos. Unless a you really know what you're doing. You
have studied you have done your job researching and then B you only put it enough that you can
really afford to lose if LaPadula something were to happen, then any it's a loss but it's not the
end of your livelihood or life. So be wise the sharing I want you to protect your income and
savings. And so with that, I respect the scholars who gave this photo I respect the council may
		

			Allah azza wa jal interesting by the way, I have to say this, the country that said It is haram.
Last week, the neighboring country, another Muslim majority country, their council said it is halal.
So go figure you have two Muslim majority countries right. And one council said is haram and the
council next door said it is halal. So again with utmost respect to our all of our viewers here and
to the people of the council, you have to decide who do you trust and you have to decide whether the
person that you're listening to really does understand what cryptocurrencies in Bitcoin is and
whether they've done the research and whether they're qualified to issue the verdict you make that
		

			decision and then leave the rest don't worry respect the other opinion and I respect to this council
and the fact that it has given and you follow what you think is the better opinion will law who to
either item and with that inshallah we come to the conclusion of today's lecture will continue being
late to either in our next session until then somebody can work with you to catch up
		

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