Bitcoin As A Means of Transaction and Investment In The Perspective of Islam
DOI:
https://doi.org/10.36835/iqtishoduna.v10i2.944Keywords:
bitcoin, Islamic law, medium of exchange, investmentAbstract
The emergence of bitcoin as a means of transaction and investment in the virtual world is intriguing to be studied. Many countries in the world have different perspectives upon the law of bitcoin itself. In Indonesia, the regulation on electronic money is in Indonesian Bank Regulation Number 20/6/PBI/2018 and MUI Fatwa Number 116/DSN-MUI/IX/2017. However, both have not specifically regulated bitcoin. As something new, bitcoin is necessary to be studied in the perspective of Islamic law. The research is a literature study utilizing content analysis to approach the data. The findings of the results are that bitcoin as a means of transaction is permissible (mubah) since there is a similar handover (taqabudh)--that there is a bitcoin to handover, there is no gambling (maisir), speculation (gharar), haram, riba, and false, and that the transactions is on a willingness basis (antharodin) of the both parties. Second, bitcoin as a means of transaction is haram if there is an uncertainty which is close to gharah and maisir, bitcoin as an investment tool has more damages than benefits.
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References
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Yusup, Muhammad. “Analisis Hukum Bitcoin Dalam Perspektif Fatwa Mui No: 116/Dsn-Mui/Ix/2017 Tentang Uang Elektronik Syariah.†Khozana: Journal of Islamic Economic and Banking 3, no. 2 (2020). http://journal.stebisdarussalamoki.ac.id/index.php/khozana.
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Abu-Bakar, Mufti Muhammad. “Shariah Analysis of Bitcoin, Cryptocurrency, and Blockchain.†Blossom Labs 1 (2017): 21. https://blossomfinance.com/bitcoin-working-paper.
Anshori, Abddul Ghofur, and Yulkarnain Harahab. Hukum Islam Dinamika Dan Perkembangannya Di Indonesia. Yogyakarta: Kreasi Total Media, 2008.
“Beberapa Hal Yang Perlu Anda Ketahui - Bitcoin.†Accessed February 26, 2021. https://bitcoin.org/id/yang-perlu-anda-ketahui.
“Bitcoin Makin Populer, Kenali Penyimpanan Dan Risikonya - Saham Liputan6.Com.†Accessed February 26, 2021. https://www.liputan6.com/saham/read/4482503/bitcoin-makin-populer-kenali-penyimpanan-dan-risikonya.
“Cryptocurrency Investing - An Introduction.†Accessed February 26, 2021. https://www.investopedia.com/cryptocurrency-4427699.
CEO Bitcoin Indonesia Oscar Darmawan: Regulator Jangan Takut Bitcoin - YouTube.†Accessed February 26, 2021. https://www.youtube.com/watch?v=TnWlZKMtWkA.
Darmawan, Oscar. BITCOIN: Mata Uang Digital Dunia. Jakarta: Jasakom, 2014.
Daufina, Namira. “Bitcoin Dan Misteri Satoshi Nakamoto.†Accessed February 26, 2021. https://tekno.kompas.com/read/2014/01/19/1848426/bitcoin.dan.misteri.satoshinakamoto.
Dumairy. Perekonomian Indonesia. Yogyakarta: BPFE, 1997.
"Elon Musk ‘Radikal’, Beli Tesla Bisa Menggunakan Bitcoin Cs,†n.d. https://www.cnbcindonesia.com/market/20210209072142-17-222020/elon-musk-radikal-beli-tesla-bisa-menggunakan-bitcoin-cs.
Fitriyah, Nida Laili, Alvira ‘Aina A’yun, Khofidlotur Rofi’ah, and Sri Herianingrum. “Foreign Direct Invesment Flows in OIC Country.†IQTISHODUNA: Jurnal Ekonomi Islam 9, no. 2 (2020): 217. https://ejournal.iaisyarifuddin.ac.id/index.php/iqtishoduna/article/view/495.
“Harga Bitcoin Kembali Cetak Rekor Tertinggi, Kini Tembus Rp 700 Juta.†Accessed February 26, 2021. https://money.kompas.com/read/2021/02/17/061925426/harga-bitcoin-kembali-cetak-rekor-tertinggi-kini-tembus-rp-700-juta.
Ilyasa, Raden Muhammad Arvy. “Legalitas Bitcoin Dalam Transaksi Bisnis Di Indonesia.†Lex Scientia Law Review 3, no. 2 (2019): 115–28. https://doi.org/10.15294/lesrev.v3i2.35394.
“Ini 6 Negara Yang Legalkan Mata Uang Bitcoin.†Accessed February 26, 2021. https://www.wartaekonomi.co.id/read161176/ini-6-negara-yang-legalkan-mata-uang-bitcoin.
Krisnadi, T. Sejarah Uang. Bandung: Remaja Rosdakarya, 2009.
Licona, Thomas. Pendidikan Karakter Paduan Lengkap Mendidik Siswa Menjadi Pintar Dan Baik. Bandung: Nusamedia, 2013.
Mashum, AM Hafidz, Marlina Marlina, Marlina Marlina, Marlina Marlina, and Marlina Marlina. “Nusantara Syariah Economy (Construction of Economic Cooperation between the Indonesian Muslim Community).†IQTISHODUNA: Jurnal Ekonomi Islam 9, no. 2 (2020): 197. https://doi.org/10.36835/iqtishoduna.v9i2.490.
Munadi, Munadi, and Budi Iswanto. “The Concept Maslahah of Najamuddin Al Tufi and It’s Relevance of Sharia Business.†IQTISHODUNA: Jurnal Ekonomi Islam 9, no. 2 (2020): 153. https://doi.org/10.36835/iqtishoduna.v9i2.526.
Nakamoto. “A Peer- to-Peer Electronic Cash System.,†n.d. www.bitcoin.org.
“No Title,†n.d. http://indonesia.bitcoin.co.id.
Nur Rianto, M. Pengantar Ekonomi Syariah; Teori Dan Praktik. Bandung: Pustaka Setia, 2015.
Nur, Saifudin. Ilmu Fiqih: Suatu Pengantar Komprehensif Kepada Hukum Islam. Jakarta: Tafakur, 2016.
Mau Investasi Ke Bitcoin Dkk? Yuk Pelajari Apa Itu Aset Kripto - YouTube.†Accessed February 26, 2021. https://www.youtube.com/watch?v=3e-t6WW1b3Q.
“Para Miliarder Yang Menolak Dan Dukung Bitcoin.†Accessed February 26, 2021. https://www.cnbcindonesia.com/tech/20180111152251-37-1249/para-miliarder-yang-menolak-dan-dukung-bitcoin.
Penyusun, Tim. Al-Qur’an Dan Terjemahan. Bandung: Cordoba, 2016.
“Pertanyaan Yang Sering Diajukan - Bitcoin.†Accessed February 26, 2021. https://bitcoin.org/id/faq.
Rokhmatussa’dyah, Ana. Hukum Investasi Dan Pasar Modal. Jakarta: Sinar Grafika, 2011.
STRAUSS, Anselm, and Julia Corbin. Dasar-Dasar Penelitian Kualitatif : Tata Langkah Dan Teknik-Teknik Teoritisasi Data. Yogyakarta: Pustaka Pelajar, 2007.
Suhendi, Hendi. Fiqh Muamalah. Jakarta: Rajawali Pers, 2014.
“Usai Tesla, Fintech Milik Bos Twitter Borong Bitcoin Rp 2,4 T.†Accessed February 26, 2021. https://www.cnbcindonesia.com/tech/20210224071604-37-225674/usai-tesla-fintech-milik-bos-twitter-borong-bitcoin-rp-24-t.
Wijaya, Ryan Filbert. Negative Investment: Kiat Menghindari Kejahatan Dalam Dunia Investasi. Jakarta: PT Elex Media Komputindo, 2014.
Wilk, Richard, and Jack Weatherford. The History of Money: From Sandstone to Cyberspace. The Journal of the Royal Anthropological Institute. Vol. 4, 1998. https://doi.org/10.2307/3034519.
Wong, Willy. Bitcoin. Semarang: INDRAPASTA Media, 2014.
Yusup, Muhammad. “Analisis Hukum Bitcoin Dalam Perspektif Fatwa Mui No: 116/Dsn-Mui/Ix/2017 Tentang Uang Elektronik Syariah.†Khozana: Journal of Islamic Economic and Banking 3, no. 2 (2020). http://journal.stebisdarussalamoki.ac.id/index.php/khozana.
Zainil, Ghulam. “Aplikasi Ijma’ Dalam Praktik Ekonomi Syariah.†Iqtishoduna 7, no. 1 (2018): 87–116.
Zarqa, Al. Syarh Al-Qawaid Al- Fiqhiyyah. Maktabah Syamilah, n.d.
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Published
2021-03-31
How to Cite
Hamid, Abdulloh, Anis Fittria, Ubbadul Adzkiya’, and Santi Andriyani. “Bitcoin As A Means of Transaction and Investment In The Perspective of Islam”. IQTISHODUNA: Jurnal Ekonomi Islam 10, no. 2 (March 31, 2021). Accessed January 20, 2025. https://ejournal.iaisyarifuddin.ac.id/index.php/iqtishoduna/article/view/944.
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