An old Islamic online financial organization in Germany that advises Muslims on halal investments has just published a rating paper for various investments, labeling them as Halal (green), Haram (red), and in between (check/uncertain, orange).
Alongside many traditional investments, they have also listed "crypto-assets (Bitcoin, Ethereum, etc.)" with an orange rating and justified it with "volatility, no uniform Fiqh consensus".
The fact that they lumped Bitcoin together with shitcoins into one category already shows that they have no idea what they're talking about. And listing "volatility," which is present in every fiat currency (mostly downwards due to inflation), and the lack of "Fiqh consensus", which simply stems from the fact that many scholars who judge it have no knowledge of the underlying technology or economic facts, only confirms this impression.
I could say "I'm tired of this shit" now, but I'll just say "Everyone buys Bitcoin (and financial freedom) at the price they deserve". And: Thank your uneducated Faqih, who in 2025 is still clueless about Bitcoin, later.
