Digital Economy: Cryptocurrency Investment in Al-Qur’an

Abstract

Cryptocurrency is a virtual/digital currency that has no physical form and is found in cyberspace. One of several kinds of money crypto is bitcoin . Use of bitcoin as a means of payment in transactions Online buying and selling has recently become increasingly popular, even though the government has banned it that practice. At the beginning of 2019, the Indonesian government published regulations regarding the legalization of bitcoin in Futures Trading Commodity. The dual function of bitcoin as a commodity and a means of exchange for online transactions bring up the pros and cons among scholars and economic experts. Study This aims to obtain answers regarding cryptocurrency as a commodity in Indonesia and what are the opportunities for bitcoin as a commodity subject on the Commodity Exchange. The theory applied is the theory of business transactions legitimate and false in Islam. This research is a literature study and is of a nature qualitative. Data analysis technique used is analytical descriptive with approach to Islamic law in the Koran, normative juridical. From this research, the results showed that cryptocurrency can traded on commodity exchanges with condition, the state protects the trade with a legal umbrella as well issuing cryptocurrencies on which the pricing rests gold or currency of that country. Bitcoin cannot be used as a commodity in the Contract Sharia derivatives in Indonesia, because bitcoin still contains speculation, gharar and vulnerable used for illegal activities. Bitcoin is legal haram lighairihi or haram due to external factors, so it should be avoided.