Islamic Legal View on Crypto in Sumedang: Halal or Speculative
Article Sidebar
Page Numbers:
708-720
Digital Object Identifier:
10.58578/alsys.v5i3.5784
Viewed: 114 times
Downloaded: 56 times
We cordially invite qualified professionals to join LYAS Publisher as Editors or Reviewers. Your expertise will contribute significantly to maintaining the quality of our publications. If you are interested, please complete the following form: Call for Editors & Reviewers
Please feel free to contact us if you need more information about the submission process or have any further questions.
Authors:
Haya Faiha1, Meylani Sagita2, Muhammad Verdy Syahputra3*, Nurwulan Fitriani4, Tiara Siti Nurjanah5, Tedi Supriyadi6 
Copyright :
Authors retain copyright and grant the journal right of first publication.
Main Article Content
Abstract
The rapid adoption of cryptocurrency as a digital asset has sparked extensive discourse within Islamic legal scholarship, particularly concerning its permissibility under Sharia law. This issue remains contentious due to the absence of authoritative legal fatwas from recognized institutions such as the Indonesian Ulema Council (MUI), compounded by concerns over gharar (excessive uncertainty), maysir (speculation), and riba (usury) inherent in cryptocurrency transactions. This study investigates the perceptions of both Islamic scholars and the local Muslim community in Sumedang, Indonesia, regarding the Sharia compliance of cryptocurrency. Employing a qualitative case study design, data were collected through participant observation, semi-structured interviews, and document analysis. The findings revealed a divergence of opinion: a majority of respondents viewed cryptocurrency as speculative and incompatible with Sharia principles, while a minority expressed conditional support, emphasizing the potential for permissibility with stringent regulatory oversight. The analysis further identified a pervasive lack of Islamic economic literacy and regulatory clarity, which exacerbates uncertainty and influences public skepticism. Younger participants, despite showing strong interest in crypto assets due to profitability and accessibility, demonstrated limited understanding of Islamic financial jurisprudence. These findings highlight the critical need for formalized guidance through fatwas, alongside robust Islamic financial education initiatives. A nuanced, Sharia-compliant framework—developed in collaboration with knowledgeable scholars—could offer pathways for integrating cryptocurrencies into the Islamic economic system in a manner that upholds doctrinal integrity.
Downloads
Article Details
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
References
Ajustina, F., & Nisa, F. L. (2024). Implementasi Prinsip Ekonomi Syariah terhadap Pengembangan Ekonomi Umat untuk Meningkatkan Pertumbuhan Ekonomi. Jurnal Ilmiah Ekonomi Dan Manajemen (JIEM), 2(6). https://doi.org/https://doi.org/10.61722/jiem.v2i6.1575
Aldohni, A. K. (2023). Understanding the Inherent Limitations of Crypto Finance in the Islamic Finance Context. Capital Markets Law Journal, 18(4). https://doi.org/https://doi.org/10.1093/cmlj/kmad017
AS, F. (2021). Mata Uang Kripto Tidak Sekadar Mubah atau Haram. Muhammadiyah. https://muhammadiyah.or.id/2021/02/mata-uang-kripto-tidak-sekadar-mubah-atau-haram/
Basyariah, N. (2022). Larangan Jual Beli Gharar: Kajian Hadist Ekonomi Tematis Bisnis di Era Digital. Mukaddimah: Jurnal Studi Islam, 7(1). https://doi.org/https://doi.org/10.14421/mjsi.71.2902
Butary, B. Al, Butary, M. S. A. M., & Widya, H. (2022). Crypto Currency from The Perspective of the Fatwa DSN MUI in 2021. Proceedings of the International Conference on Science and Technology. https://doi.org/https://doi.org/10.36378/internationalconferenceuniks.v0i0.2900
Creswell, J. W. (2010). Research Design: Pendekatan Kualitatif, Kuantitatif dan Mixed, terj. Achmad Fawaid. Yogyakarta: Pustaka Pelajar.
Farhan, M. F., & Saiban, K. (2024). Validity of Cryptocurrency as Dowry in Marriage in the Indonesia Perspective of Islamic Law. Hukum Islam, 24(2). https://doi.org/http://dx.doi.org/10.24014/hi.v24i2.23527
Habibi, F., & Fathurohman, O. (2024). Pro Kontra Cryptocurrency. At-Tasyri’: Jurnal Ilmiah Prodi Muamalah, 16(2). https://doi.org/https://doi.org/10.47498/tasyri.v16i2.3564
Hanafi, A. I., & Firdaus, M. A. (2023). Mengeksplorasi Dampak Inovasi Teknologi Terbaru dalam Investasi Syariah. Religion: Jurnal Agama, Sosial, Dan Budaya, 2(6). https://doi.org/https://doi.org/10.55606/religion.v1i6.830
Juwono, A., Tan, F. C. A., Sudarsono, J. E., & Anastasia, N. (2025). Risk Tolerance dan Niat Investasi Berisiko di Kalangan Mahasiswa: Peran Literasi Keuangan sebagai Variabel Moderasi. Journal of Accounting and Digital Finance, 5(1). https://doi.org/https://doi.org/10.53088/jadfi.v5i1.1466
Kurnia, A. V., & Kustiananda, A. N. (2024). Mengupas Hukum Crypto dalam Islam Bersama Atom FTMM. UNAIR Surabaya. https://ftmm.unair.ac.id/mengupas-hukum-crypto-dalam-islam-bersama-atom-ftmm/
Kusuma, T. (2020). Status Hukum Investasi Crypto Asset sebagai Komoditi Perdagangan Berjangka dalam Perspektif Hukum Islam di Indonesia. Tsaqafah: Jurnal Peradaban Islam, 16(1). https://doi.org/https://doi.org/10.21111/tsaqafah.v16i1.3663
Millah, M. Z. (2025). Hukum Trading Crypto dalam Islam: Apakah Crypto Menguntungkan atau Berisiko? NU Online. https://islam.nu.or.id/bahtsul-masail/hukum-trading-crypto-dalam-islam-apakah-crypto-menguntungkan-atau-berisiko-UxEfG
Nadhiroh, U. (2024). Pengaruh Literasi Keuangan Terhadap Niat Berinvestasi Generasi Milenial pada Platform Fintech Berbasis Equity Crowdfunding dengan Kepercayaan pada Platform dan Fundraiser Sebagai Variabel Mediasi. UIN Maulana Malik Ibrahim Malang.
Oktaviani, N. N. (2024). Pengaruh Literasi Keuangan, Efikasi Keuangan dan Toleransi Risiko terhadap Pengambilan Keputusan Investasi Pasar Modal di Kalangan Generasi Z. Politeknik Negeri Bali.
Pardianto, P. (2018). Pola Perilaku Keagamaan dan Kearifan Lokal (Studi Kualitatif tentang Perilaku Keagamaan dan Kerifan Lokal di Negeri Mamala Kecamatan Leihitu Kabupaten Maluku Tengah). Dialektika, 11(1).
Ramis, I. (2024). Cryptocurrency: Uang Masa Depan Antara Inovasi dan Nilai-nilai Islam. UNESA. https://eksyar.feb.unesa.ac.id/post/cryptocurrency-uang-masa-depan-antara-inovasi-dan-nilai-nilai-islam
Rofiullah, A. H. (2024). Analisis Implementasi Prinsip Syariah dalam Transaksi Ekonomi Modern. Lex Economica Journal, 2(2). https://lexeconomicajournal.uinkhas.ac.id/index.php/lexcon/article/view/42
Salim, F., Arif, S., & Devi, A. (2022). Pengaruh Literasi Keuangan Syariah, Islamic Branding, dan Religiusitas terhadap Keputusan Mahasiswa dalam Menggunakan Jasa Perbankan Syariah. El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam, 3(2). https://doi.org/https://doi.org/10.47467/elmal.v3i2.752
Saputra, M. P. E., Kusanta, N. D., Fitriany, R., Ginting, R. A. L., Muslih, A., & Amaliah, K. (2024). Kajian Hukum Islam terhadap Penggunaan Bitcoin Sebagai Alat Transaksi Elektronik. Journal of Social and Economic Research, 6(1). https://doi.org/https://doi.org/10.54783/jser.v6i1.373
Shovkhalov, S., & Idrisov, H. (2021). Economic and Legal Analysis of Cryptocurrency: Scientific Views from Russia and the Muslim World. Legal-Economic Issues of Digital & Collaborative Economy, 10(2). https://doi.org/https://doi.org/10.3390/laws10020032
Susilawati, E., & Raqib, M. (2024). Legalitas Transaksi Cryptocurrency dalam Prespektif Hukum Ekonomi Islam. Aghnina : Jurnal Hukum Ekonomi Syari’ah, 1(1). https://e-journal.stai-almaliki.ac.id/index.php/HES/article/view/66
Sutarsih, E. (2023). Literasi dan Inklusi: Keuangan Syariah sebagai Fundamental Kesejahteraan UMKM: Edukasi Bisnis Akses Keuangan Syariah untuk UMKM Santri di Yogyakarta. As-Syar’i: Jurnal Bimbingan & Konseling Keluarga, 5(3). https://doi.org/https://doi.org/10.47467/as.v5i3.5628
Suwendra, W. (2018). Metodologi Penelitian Kualitatif dalam Ilmu Sosial, Pendidikan, Kebudayaan. Nila Cakra.
Ummah, I. K. Al, & Lestari, A. Y. (2023). Cryptocurency dalam Perspektif Hukum Islam. Ahmad Dahlan Legal Perspective, 3(2). https://doi.org/https://doi.org/10.12928/adlp.v3i2.9403
Wahid, A. (2023). Riba dan Gharar dalam Bitcoin Pendekatan Qaidah Fiqh. Rayah Al-Islam, 7(1). https://doi.org/https://doi.org/10.37274/rais.v7i1.668
Wandri, A., Arsal, Rahmiati, & Imran, M. (2023). Cryptocurrency as a Means of Investment and Payment from an Islamic Law Perspective. Al-Hurriyah: Jurnal Hukum Islam, 8(1). https://doi.org/https://doi.org/10.30983/al%20hurriyah.v8i1.6160
Wilujeng, A. G. (2023). Tinjauan Hukum Islam Terhadap Investasi Cryptocurrency [Universitas Lampung]. http://digilib.unila.ac.id/73325/
Zulfikar, E., & Retnasih, N. R. (2023). Cryptocurrency as Investment Assets and Economic Transactions According to the Qur’an: Analysis Based on Ahkam Exegesis. Jurnal Ulunnuha, 12(1). https://doi.org/https://doi.org/10.15548/ju.v12i1.5964
Find the perfect home for your research! If this journal isn't the right fit, don't worry—we offer a wide range of journals covering diverse fields of study. Explore our other journals to discover the ideal platform for your work and maximize its impact. Browse now and take the next step in publishing your research:
| HOME | Yasin | AlSys | Anwarul | Masaliq | Arzusin | Tsaqofah | Ahkam | AlDyas | Mikailalsys | Edumalsys | Alsystech | AJSTEA | AJECEE | AJISD | IJHESS | IJEMT | IJECS | MJMS | MJAEI | AMJSAI | AJBMBR | AJSTM | AJCMPR | AJMSPHR | KIJST | KIJEIT | KIJAHRS |