UANG DIGITAL LITECOIN PERSPEKTIF HUKUM ISLAM

Abstract

This study aims to determine the law of using Litecoin digital money from an Islamic
perspective. The research method used is descriptive method and content analysis. The results of the study
show that the use of litecoin digital money according to an Islamic view is the same as buying and selling
money with money or in fiqh muamalah terms it is called al-sharf, so it is only natural that according to
the MUI fatwa Number: 28/DSn-MUI/III/2002, rules regarding buying and selling have been
established. money in the fatwa which reads: Currency buying and selling transactions are in principle
permissible, with the following conditions: Not for speculation (coincidence), there is a transaction need
or for precaution (savings), If the transaction is carried out in the same currency, the value must be the
same and in cash (attaqbudh). If it is of a different type, it must be made at the exchange rate (rate)
valid at the time the transaction was made and in cash. The mechanism for using Litecoin digital money
in buying and selling transactions already has conditions and rules that must be met, which are far from
gharar (obscurity), because Litecoin is purely evil in nature (unknown). and demands. this is what
makes this practice contain maesar. Because there is speculation seeking profit, and trying their luck.
Will sell when the price goes up, and sometimes the value can drop to zero. even though in Islam there is
no stipulation that money must be in the form of gold and silver, then as an object digital money litecoin
is permissible. However, in practice it contains unclear elements and seeks profit by exploiting price
fluctuations that are not in accordance with Islamic law. So, using Litecoin digital money is not
recommended because it has disadvantages for users.