Cryptocurrency in The Perspective of Maqasid Al-Shariah: A Critical Analysis of the Mafsadah (Harm) and the Maslahah (Benefit) of Cryptocurrency Cryptocurrency

Wartoyo, and Alvien Septian Haerisma, (2022) Cryptocurrency in The Perspective of Maqasid Al-Shariah: A Critical Analysis of the Mafsadah (Harm) and the Maslahah (Benefit) of Cryptocurrency Cryptocurrency. Afkaruna, 18 (1). pp. 110-139. ISSN 2599-0586

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Abstract

This study explains the Islamic economic perspective on cryptocurrency, in this case, in the light of maqashid shariah. This research was a literature study and qualitative in nature. The data analysis applied a descriptive-analytical technique with a normative juridical approach to Islamic law. The results of this study conclude that cryptocurrency has a much greater element of mafsadah than maslahah. It is an investment commodity rather than a currency with a very high level of risk and volatility that reflects the mafsadah. This is the attraction of a new investment model because it only follows the trend of global market developments that are far from the function and benefits of currency in the perspective of Islamic economics.

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Item Type: Article
Uncontrolled Keywords: Cryptocurrency; Maqashid Sharia; Fiat Money; Blockchain.
Subjects: H Social Sciences > HB Economic Theory
Divisions: Fakultas Syariah dan Ekonomi Islam
Depositing User: H. Tohirin S.Ag
Date Deposited: 13 Oct 2022 01:59
Last Modified: 13 Oct 2022 01:59
URI: http://repository.syekhnurjati.ac.id/id/eprint/8060

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