Crypto Currency In The Perspective Of The Fatwa DSN MUI In 2021

Burhanuddin Al Butary Al-Washliyah Nusantara Muslim University, Indonesia
M. Shabri Abd. Majid Butary Syiah Kuala University, Indonesia
Helma Widya LP3I Medan, Indonesia

DOI: https://doi.org/10.36378/internationalconferenceuniks.v0i0.2900

Keywords: Crypto currency, DSN MUI Fatwa, Islamic Finance

Abstract

Current technological developments include digitalization in various fields, including the field of financial investment. Cryptocurrency or digital currency is the result of the development of financial technology.. This researchaims to explore cryptocurrency analysis in the perspective of the 2021 MUI DSN fatwa and the Islamic financial system.The methodology used is a literature study approach to national and international journal articles, as well as books and other literature related to cryptocurrencies. The main findings produced in this study, the current global financial system mostly adheres to an interest-based economic system. There are at least 3 factors behind the birth of Islamic finance, namely: ideological religiosity, pragmatic empiricism, and idealistic academics. The importance of crypto currency as a legal tender according to the perspective of Indonesian law and the Islamic financial system, both at the level of theoretical and practical philosophy.From the results of this study, it is hoped that it will answer the advantages of theoretical philosophy-practice Islamic financial system at the theoretical and practical levels. However, stakeholders in the field of Islamic finance should not be passive, but proactive in the existence of the cryptocurrency

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Published

2022-12-29

Issue

2022: Proceeding of International Conference on Science and Technology

Section

Articles

This work is licensed under a Creative Commons Attribution 4.0 International License.