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