Islamic perspective on cryptocurrency, by scholars | The Guardian Nigeria News - Nigeria and World News

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In view of the recent controversies trailing the adoption of digital currency in Nigeria, the University of Lagos Muslim Alumni (UMA) has examined the Islamic perspectives, benefits and limitations to Muslims.

Stakeholders who gathered at the virtual webinar on the theme ‘Digital currency technology: Islamic perspective and emerging issues,’ agreed that the policy of Central Bank of Nigeria banning cryptocurrency was not in the best interest of the citizens.

Banire added that CBN, in recent time, had assumed the role of dictatorship, more or less bulling all sectors of the economy, particularly the financial sector. He said there were better ways to address such issues as done in the United States and the United Kingdom by regulating the process as advocated by the Vice President Prof. Yemi Oshibajo.

Associate Director, EY, Akeem Ogunseni, defined digital currency as any form of currency that is not in its physical form and can be used as a medium of storage value or a medium of exchange.

 

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What concern Islamic perspective on cryptocurrency with someone taking covid19 vaccine. Or is we high?

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