Shaykh Yasir Qadhi delves into the ruling on cryptocurrency. Cryptocurrency is based on decentralized commodities to be a type of currency not backed by banks and the government. The Fiqh Council issued a fatwa that cryptocurrency is not prohibited and hence, it is halal unless proven otherwise.

Muslim Central

Yasir Qadhi was born in Houston, Texas and completed his primary and secondary education in Jeddah, Saudi Arabia. He graduated with a B.Sc. in Chemical Engineering from the University of Houston, after which he was accepted as a student at the Islamic University of Madinah. After completing a diploma in Arabic, he graduated with a B.A. from the College of Hadith and Islamic Sciences. Thereafter, he completed a M.A. in Islamic Theology from the College of Dawah, after which he returned to America and completed his doctorate, in Religious Studies, from Yale University. Currently he is teaching at Rhodes College, in Memphis, TN.

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