Monday , February 19 2018

No to Bitcoin – Fatwas issued against trading with Bitcoin

KUWAIT CITY, Jan 16: Following in the footsteps of Saudi Arabia, Egypt and Palestine, Kuwait joins the Arab countries which have issued fatwas against trading in the virtual currency Bitcoin, reports Al-Rai daily.

A member of the Fatwa Committee in the Ministry of Awqaf and Islamic Affairs, Dr Ahmad Al-Hajji Al-Kurdi said in a statement he supports the fatwas issued in Egypt and Saudi Arabia which forbid dealing in Bitcoin.

When asked why he supports the fatwa 90 percent in this regard, Al-Kurdi said because trading in Bitcoin is unclear. Egypt said it is dangerous for national security while Palestine said it is a kind of cheating and gambling.

Check Also

Kuwaitis in the forefront of buying and selling Bitcoins

Value of unit of the digital currency reaches $17,000 KUWAIT CITY, Dec 16: Kuwaiti citizens …

Translate »