What is it about?
Misconceptions about crypto assets have led to flawed Sharī‘ah rulings. We show that existing frameworks fail to address the various aspects and types of crypto assets, causing confusion in evaluations. Our refined framework provides a clearer method for scholars to assess crypto assets more accurately.
Featured Image
Photo by Traxer on Unsplash
Why is it important?
Our findings show that a lot of the Fiqh (Islamic jurisprudence) rulings on crypto assets were conflated with risks and were politically-driven. Our validated framework allow scholars to study crypto assets objectively from the actual root reasons of permissibility/impermissibility and then from a maqasidi perspective, isolating this process from any external pressures and eliminating any conflation with risk that might occur.
Perspectives
Writing this article was a great pleasure as it has co-authors with whom I have had long standing collaborations. This article also created the opportunity for me to get in touch with well-known figure in the world of Islamic economics and finance.
Ayman Bekiroğlu
Ibn Haldun Universitesi
Read the Original
This page is a summary of: Empirical validation of a framework for Fiqh analysis of crypto assets, Qualitative Research in Financial Markets, November 2025, Emerald,
DOI: 10.1108/qrfm-03-2025-0075.
You can read the full text:
Contributors
The following have contributed to this page
