1. İslâm İktisadında Kripto Paraların Yeri ve Zekâtı.
- Author
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BİLGİNER, Yahya
- Abstract
The concept of money has evolved over time in line with changing needs and advancements in technology. With the introduction of electronic money, cryptocurrencies have garnered widespread interest, influencing individuals, savers, and even governments. Consequently, cryptocurrencies require examination not only from the perspectives of information technology and economics but also in terms of religion and law. As these currencies become increasingly common in daily life, Islamic jurists have formed both positive and negative opinions regarding their usage. Legal transactions inherently carrying significant uncertainty, with a high risk of deception and fraud, and lacking any form of guarantee, leading to unjust and unearned enrichment of certain groups, are not in line with the general principles of Islamic law. Accordingly, some have expressed negative opinions about these currencies. However, others have provided positive feedback due to certain advantages they offer. These include secure blockchain systems and the ability to facilitate cheaper, faster, and instantaneous money transfers compared to traditional banking. When considering their positive aspects, cryptocurrencies are seen as a store of value and are deemed permissible for circulation, similar to foreign currencies or gold. Some economists and Islamic jurists argue that for cryptocurrencies to be accepted as money, they must be issued by a reputable authority such as the state, asserting that only in this way can they gain legitimacy. Based on this argument, they claim that the use of cryptocurrencies is not legitimate or lawful. However, in recent times, it has been observed that governments have introduced regulations to counter such claims. The argument that cryptocurrencies do not hold equivalent value compared to traditional fiat currencies is not valid proof of their illegitimacy. In fact, fiat currencies themselves lack intrinsic equivalents, yet they are widely used and hold value as an investment tool. More importantly, cryptocurrencies do not involve interest, which is a crucial factor in determining their legitimacy within Islamic economics. In general, the use of cryptocurrencies is considered legitimate based on these factors, and zakat should also be paid on them. Zakat is a religious obligation and one of the five pillars of Islam, aimed at redistributing wealth from wealthy Muslims with a certain amount of assets to those in need, thereby promoting social justice. With the recent advancements in the financial sector, new circumstances have emerged that require zakat to be applied in different ways. One such situation is the application of zakat to cryptocurrencies. Whether the use of cryptocurrencies as a type of zakat is permissible depends on whether they are widely accepted as a medium of exchange and a measure of value, as well as whether they provide users with confidence regarding their source. Naturally, it is also essential to consider whether cryptocurrencies involve uncertainty, are used for deceptive purposes, or contribute to unjust enrichment. These factors determine whether cryptocurrencies can be considered a suitable medium of exchange for zakat purposes. Taking all these into account, this study aims to examine the place of cryptocurrencies, which are becoming increasingly significant in today's economic life, within Islamic economics and zakat. The critical aspect of this study is whether zakat should be paid on these currencies, which are becoming widespread in Muslim societies and are increasingly being used by individuals as both a medium of exchange and a store of value. In terms of Islamic economics, the key consideration in the buying, selling, and use of cryptocurrencies as a medium of exchange is that they must not involve any uncertainty, deception, unjust enrichment, or interest. Based on this assumption, the study will examine the relationship between cryptocurrencies and zakat, one of the fundamental religious obligations in Islamic law, using qualitative data analysis and inductive reasoning methods. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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