Cryptocurrency as a Medium of Rupiah Exchange: Perspective Sharia Islamic Law and Jurisprudential Analysis

Asyiqin, Istianah Zainal; Akbar, M. Fabian; Beltrán Genovés, Manuel

doi:10.24090/volksgeist.v7i2.10975

Akses terbuka Jurnal

Cryptocurrency as a Medium of Rupiah Exchange: Perspective Sharia Islamic Law and Jurisprudential Analysis

Volksgeist: Jurnal Ilmu Hukum dan Konstitusi · Vol. ksgeist (2024) · hlm. 227–292

DOI: 10.24090/volksgeist.v7i2.10975
ISSN: 2615-5648, 2615-174X
Terbit: 2024-11-22
Penerbit: Faculty of Sharia, Universitas Islam Negeri (UIN) Profesor Kiai Haji Saifuddin Zuhri Purwokerto, Indonesia
Bahasa: eng
Lisensi: creativecommons.org/licenses/by-sa/4.0

Abstrak

The rapid advancement of the digital age has driven significant developments in payment systems, influencing financial decisions and fostering economic activity. This study explores the use of cryptocurrencies as digital currencies in financial transactions, particularly in the context of investments, while assessing their compatibility with Islamic law. Employing a normative legal approach and a descriptive-analytical method, the research examines legal principles and facts concerning cryptocurrency regulation in Indonesia. The findings reveal that, despite the potential benefits of cryptocurrencies, their usage remains contentious from both regulatory and Islamic law perspectives. In Islamic law, cryptocurrency transactions are classified as haram lighairihi due to elements of uncertainty (gharar) and speculative risks, making them non-compliant with Sharia principles. As a solution, this study proposes a framework for integrating cryptocurrency exchanges with Rupiah transactions in accordance with Sharia economic principles. This integration aims to mitigate risks while maintaining the flexibility of digital transactions, ensuring they align with both regulatory standards and Islamic legal frameworks.

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Rekan penulis	Organisasi	Artikel bersama
Ani Yunita	Afiliasi tidak diketahui	3
Yordan Gunawan	Afiliasi tidak diketahui	2
Fadia Fitriyanti	Afiliasi tidak diketahui	2
Tsai Pei-Fen	Afiliasi tidak diketahui	2
Muhammad Daffa Auliarizky Onielda	Afiliasi tidak diketahui	2
Muhammad Habibi Miftakhul Marwa	Afiliasi tidak diketahui	1
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Tanu Surana	Afiliasi tidak diketahui	1
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Ayesha binti Abul Hisyam	Afiliasi tidak diketahui	1
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Dimas Putra Wirayudha	Afiliasi tidak diketahui	1
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Sumber metadata: OAI-PMH (metadata jurnal) https://ejournal.uinsaizu.ac.id/index.php/volksgeist/oai, pertama di-harvest 7 Nov 2026, terakhir terlihat 8 Nov 2026.

Metadata asli (oai_dc)

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	<dc:title xml:lang="en"> Cryptocurrency as a Medium of Rupiah Exchange: Perspective Sharia Islamic Law and Jurisprudential Analysis</dc:title>
	<dc:creator xml:lang="en">Asyiqin, Istianah Zainal</dc:creator>
	<dc:creator xml:lang="en">Akbar, M. Fabian</dc:creator>
	<dc:creator xml:lang="en">Beltrán Genovés, Manuel</dc:creator>
	<dc:subject xml:lang="en">Cryptocurrency; Islamic law; rupiah exchange; sharia economic law.</dc:subject>
	<dc:description xml:lang="en">The rapid advancement of the digital age has driven significant developments in payment systems, influencing financial decisions and fostering economic activity. This study explores the use of cryptocurrencies as digital currencies in financial transactions, particularly in the context of investments, while assessing their compatibility with Islamic law. Employing a normative legal approach and a descriptive-analytical method, the research examines legal principles and facts concerning cryptocurrency regulation in Indonesia. The findings reveal that, despite the potential benefits of cryptocurrencies, their usage remains contentious from both regulatory and Islamic law perspectives. In Islamic law, cryptocurrency transactions are classified as haram lighairihi due to elements of uncertainty (gharar) and speculative risks, making them non-compliant with Sharia principles. As a solution, this study proposes a framework for integrating cryptocurrency exchanges with Rupiah transactions in accordance with Sharia economic principles. This integration aims to mitigate risks while maintaining the flexibility of digital transactions, ensuring they align with both regulatory standards and Islamic legal frameworks.</dc:description>
	<dc:publisher xml:lang="en">Faculty of Sharia, Universitas Islam Negeri (UIN) Profesor Kiai Haji Saifuddin Zuhri Purwokerto, Indonesia</dc:publisher>
	<dc:date>2024-11-22</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://ejournal.uinsaizu.ac.id/index.php/volksgeist/article/view/10975</dc:identifier>
	<dc:identifier>10.24090/volksgeist.v7i2.10975</dc:identifier>
	<dc:source xml:lang="en">Volksgeist: Jurnal Ilmu Hukum dan Konstitusi; Vol. 7 Issue 2 (2024) Volksgeist: Jurnal Ilmu Hukum Dan Konstitusi; 227-292</dc:source>
	<dc:source xml:lang="id">Volksgeist: Jurnal Ilmu Hukum dan Konstitusi; Vol. 7 Issue 2 (2024) Volksgeist: Jurnal Ilmu Hukum Dan Konstitusi; 227-292</dc:source>
	<dc:source>2615-5648</dc:source>
	<dc:source>2615-174X</dc:source>
	<dc:source>10.24090/volksgeist.v7i2</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://ejournal.uinsaizu.ac.id/index.php/volksgeist/article/view/10975/4011</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2024 Istianah Zainal Asyiqin, M. Fabian Akbar, Manuel Beltrán Genovés</dc:rights>
	<dc:rights xml:lang="en">http://creativecommons.org/licenses/by-sa/4.0</dc:rights>
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