Islamic Revival

Assalamualaikum, Some follow up questions regarding the bitcoin Q&A My question on majhool is- what do you mean the source of Bitcoins in unknown. Do you mean that the mining is done by unknown entities or that the actual founders of Bitcoin (i.e. Satoshi) was anonymous? Answer To reiterate what we said in the QnA previously as well, cryptocurrencies such as bitcoin are ‘assets’ issued by an unknown (majhool) source which have no real value and no real backing and Majhool here is related to the subject of the issuing the currency. The shari view towards the issuance of currency is that It should be issued by a centralized authority which undertakes the responsibility of issuing the currency (dirhams and dinars) i.e it is a known body and not unknown (majhool). This is one of the major problems with cyptocurrencies such as bitcoin. So Majhool is not linked to Satoshi or one particular miner, rather it is linked to the whole mining community which is an unknown entity

Question  by:  SchukranJaan Bismillah Ar-Rahaman Ar-Rahim, Dear honourable Sheikh. We hope this finds you in the best health. We greet you with the warmest and noblest of all greetings: Assalam Alaikum Wa Rahmatullah Wa Barakatuhu. A brother and I were talking about the Hukm regarding the buying and selling of cryptocurrencies like Bitcoin, Ethereum, Dash, Ripple etc.) We both read the ijtihad by Ustadh Abu Khaled al-Hejazi but we weren’t quite content with what the sheikh had deduced. We have some problems with how the sheikh analyzed the reality of cryptocurrencies and the comment section under the article too is filled with brothers disagreeing and discussing about how  tahqeeq al-manaat was not completely correct. We would like to know the Hukm regarding selling and buying of cryptocurrencies. Could you bring light into this subject, because it still doesn’t seem clear for us. Wajazaakumullah khairan May Allah strengthen us all on his path and let us be

Imam Muhammad (d. 189), the companion of Abu Hanifa (d. 150) – Allah’s mercy be on them both – the main transmitter of his madhhab and a mujtahid in his own right, said: ولا بأس بأن يستعين المسلمون بأهل الشرك على أهل الشرك إذا كان حكم الإسلام هو الظاهر عليهم. “It is alright for the Muslims to seek the help of polytheists when fighting against (other) polytheists  if the rule of Islam is dominant over them .” (al-Siyar al-Kabir السيار الكبير , 4:191, emphasis added) This is the authoritative statement on the matter in the Hanafi madhhab. Imam Muhammad clarifies the hukm of what is designated in fiqh as the issue of seeking assistance in war from the disbelievers. He notes that assistance can be sought when Islamic rule is dominant. The implication of this condition is operative. That is, when Islamic rule is not dominant, seeking assistance is not allowed. In other words, seeking assistance is strictly conditional. If, and only if, the rule of Islam is dominant, it is allowed for t