It's Time for Muslims to Embrace Bitcoin
The Bitcoin protocol has many features in its design that should appeal to Muslims across the world as a tool to achieve greater freedom and control from the monetary system that fails us.
So revolutionary are Bitcoin's ideas that society is unable to grasp them at first glance; rather, its veils are only lifted once time is spent to understand its deepest ethos.
Unfortunately, Muslims either dismiss bitcoin on vague understandings or merely as a speculative investment asset, as opposed to a new way to think about money and freedom. What is Money ?
Bitcoin is money which is borderless and enables you to send value across the globe instantly with no intermediaries, minimal costs, a transaction you can self-verify and can be held and spent with full sovereignty.
Riba currency, commonly known as fiat currency, stands at the centre of modern financial systems, perpetuating global oppression, wealth inequality, moral decay, and societal collapse. Since 2010 Global Money supply has almost tripled - manipulated by central banks & governments to create the fastest transfer of wealth via devaluation and debasement.
Bitcoin presents a stark contrast to Riba currency, offering a revolutionary form of money that is free from the corrupting influence of central banks and interest-bearing debt.
This is how Fidelity depict the 3 various forms of money:
Why Bitcoin is Better Money:
Bitcoin’s protocol ensures that an absolutely fixed amount of monetary units will ever exist (21 million bitcoin - but also remarkably divisible, with each bitcoin being made up of 100 million Satoshis), making it immune to inflation and the manipulations that plague fiat currencies.
This fixed supply is credibly enforced through a decentralised network of nodes and, most importantly, a key mechanism called proof of work (PoW).
Proof of work ties Bitcoin directly to the real world by requiring significant computational effort and electrical energy expenditure to validate transactions, introduce new monetary units in a fair manner, and secure the network from attacks. This process ensures that Bitcoin is the only digital monetary system with a credible enforcement mechanism, backed by the highest amount of proof of work.
Other cryptocurrencies either lack proof of work or are backed by a meaningless amount, making them much more susceptible to manipulation and centralisation.
Bitcoin has now proved itself as the only "crypto" that holds a monetary status supported by institutions and countries as a reserve asset making it the 5th largest asset currently by market capitalisation (as of May 2025).
Bitcoin is no longer a fringe asset, it is widely accepted and understood and seen as a credible reserve asset for the world. When talking about bitcoin and the USD maintaining its reserve currency status, Larry Fink said:
If the U.S. doesn’t get its debt under control, if deficits keep ballooning, America risks losing that position to digital assets like Bitcoin. - Blackrock CEO Larry Fink
If we claim that Bitcoin is the best monetary asset by design; more functional and finite than gold, then its market cap and value as measured by Fiat dollars remain low relative to the total asset value of dollars in existence.
Because Bitcoin is decentralised it means that no entity, institution or government can control the protocol or change the rules. Rather it is open and fair for anyone anywhere to join and participate.
Over 1.4 billion people globally remain unbanked, with a significant portion in developing countries. Bitcoin provides a lifeline for those excluded from traditional financial systems due to lack of documentation, geographic isolation, or distrust in banks.
According to a 2023 study Muslims Are the Most Likely Faith Group to Report Facing Challenges While Banking. This is a stark reminder of the dangers of a centralised monetary system where assets can be frozen or seized at will. (https://ispu.org/banking-while-muslim/)
With Bitcoin, there are no such restrictions. Any individual can open a bitcoin wallet. No transaction can be stopped, and no assets can be seized or frozen
Bitcoin is Riba Free Money:
Riba Fiat currency is created through a process of lending money into existence, inherently involving interest. When banks issue loans, they do so by creating new units of currency on the spot. The riba financial system results in perpetual inflation, wealth inequality, and economic instability, stemming from the endless cycle of money being lent into existence with interest.
The concept of lending money into existence means that for every dollar created, more than a dollar must be repaid. This imbalance forces borrowers to find additional money elsewhere in the economy, which is itself also borrowed and subject to interest. This relentless cycle of debt and interest is the essence of Riba, a practice explicitly prohibited in Islamic finance due to its exploitative nature.
Under a Fractional reserve system, every $ in existence is a claim against another $. What happens when everyone goes to withdraw their fiat currency at the same time ? Why the money in your bank account doesn’t really exist...
Bitcoin's central ledger enables users to verify that the money they believe to be there is there, money they have full sovereign control over at any time. The bitcoin you hold will always be yours.
In the Holy Quran Allah speaks very clearly about the dangers of riba:
"Those who consume interest will stand ˹on Judgment Day˺ like those driven to madness by Satan’s touch. That is because they say, “Trade is no different than interest.” But Allah has permitted trading and forbidden interest. Whoever refrains—after having received warning from their Lord—may keep their previous gains, and their case is left to Allah. As for those who persist, it is they who will be the residents of the Fire. They will be there forever."
(Al Baqarah 2 : 275)
As Muslims living in the Western world, we have had very few options but to engage with and participate in riba products. There were no alternative solutions, and we had no understanding of how the system had been designed to use riba to exploit us.
Bitcoin operates on principles that align more closely with Islamic finance, emphasising fairness, transparency, and having no reliance at all on Riba.
Which monetary asset is likely to hold its value better?
Those living in developing nations have meanwhile felt the impact more directly with constant devaluations of currency making savings worthless, limited access to banking services and manipulative practices from institutions such as the IMF and World Bank that encourage vast borrowing to boost exports which ultimately are never repaid, leading to widespread financial colonialism and control over the developing world's resources. (For more information on this, read Hidden Repression by Alex Gladstein.)
The below currency devaluations amongst developing countries in 2024 alone shows how difficult saving can be in some places in the world. These people are desperate to have access to money that stores value over time and is open to all - Bitcoin allows them to do this.
By adopting Bitcoin, individuals, organisations, and countries can break free from the shackles of Riba currency, reclaiming their financial sovereignty and moral integrity.
As the inflationary riba-based currencies of the world start to collapse, the Muslim world will need to make financial “hijra” (migration) to a different monetary system. Will that system be the riba-based dollar in the form of a central bank digital currency, or the anti-riba technology that is bitcoin?
The answer should be clear. If you’re a Muslim and you’re honestly looking for a way out of riba, then bitcoin will have to be a part of your solution. Muslims can start the transition now by leaving behind their riba-laden tokens and start accumulating anti-riba bitcoin. - @MBitcoiner (https://x.com/MBitcoiner) - Co-Founder of Bitcoin Majlis : https://bitcoinmajlis.org/)
Why Fiat enables war:
When we understand that the control of money is synonymous with global power we begin to understand that many of the world's evil and injustices originate from control and manipulation of the fiat monetary system.
The love of money is the root of all evil - Timothy 6:10
So you think that money is the root of all evil. Have you ever asked what is the root of all money? - Ayn Rand
This love of money has driven the rise in global debt to $300 trillion dollars funding the whims and wishes of those closest to the money creation. In 2024 alone almost 2 trillion dollars globally was spent on "defence". We watch the atrocities and injustices of the world around us being funded by the war dollar, which is printed and borrowed at will by those who control it.
This endless debt spiral costs every individual as a stealth tax, yet we have not questioned how we can protest against this broken monetary system that funds the endless wars.
It was this same devaluation done by the Romans to fund never-ending wars which ultimately led to the demise of the greatest historic civilisation.
"To carry out war, three things are necessary,": said Marshal Trivulzio, "money, money and yet more money."
With Bitcoin, governments cannot borrow or print money; wars suddenly become very expensive.
Bitcoin : A New Financial Dawn for Muslims
The convergence of Islamic principles with Bitcoin's revolutionary design creates an unprecedented opportunity for Muslim communities worldwide. Rather than continuing to navigate the moral compromises demanded by traditional banking, Muslims now have access to a monetary system that reflects their values at its foundation.
This isn't about finding loopholes in existing financial structures—it's about embracing a fundamentally different approach to money itself. Bitcoin's mathematical certainty replaces human manipulation, its transparency eliminates hidden exploitation, and its global accessibility transcends the barriers that have historically excluded Muslim populations from fair financial participation.
The timing is crucial. As central banks accelerate currency debasement and expand surveillance capabilities, the window to secure financial independence narrows. Every dollar printed not only devalues savings but funds conflicts that contradict Islamic values of peace and justice. Bitcoin provides an exit strategy that grows stronger with adoption, creating a network effect that benefits early participants while building infrastructure for future generations.
The choice ahead extends beyond personal finance to civilizational impact. Will Muslim communities lead the transition to sound money principles, or remain dependent on systems designed to extract wealth and compromise values? The technology exists, the adoption path is clear, and the moral framework aligns.
For Muslims seeking authentic financial sovereignty while honoring their faith, Bitcoin represents not just an alternative, but an awakening—a return to money based on truth rather than manipulation, scarcity rather than infinite creation, and justice rather than systematic oppression.
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