My Islamic Professor Is So Blinded by Fiat Mindset

My background is Islamic law students. And I used to really admire one of my Islamic jurisprudence professors back in college. Brilliant guy… until the topic of Bitcoin came up.

Not because solely i disagree with his view, but he's ego and lack of understanding it without doing a research or deeper research about it.

He dismissed it confidently as “unethical speculation,” and that honestly shocked me. Yes, Bitcoin can be used for speculation — just like gold, property, or any asset. But reducing it only to speculation shows how deeply many scholars are trapped in a fiat-based mindset.

If they actually studied basic free-market economics, monetary history, or the fundamentals of Bitcoin, they’d realize Islam has always supported honest trade, transparency, and hard, tamper-proof assets. Bitcoin fits those principles far more than inflationary fiat ever will.

In Islamic jurisprudence, when dealing with new contemporary issues, there is a foundational principle:

الحكم على الشيء فرع عن تصوره

“The ruling on something is built upon one’s understanding of it.”

If the understanding is incorrect, the ruling will be incorrect.

That’s exactly what’s happening. Many fatwas (popular scholar answer) against Bitcoin focus strictly on gharar (uncertainty), while ignoring Bitcoin’s actual reality — its scarcity, decentralization, verifiability, and global consensus. They judge it only by volatility, not by its function as a permissionless, censorship-resistant form of money.

To me, this isn’t even a religious issue. It’s an economic literacy issue.

And ironically, every scholar who does understand macroeconomics ends up supporting Bitcoin — because it protects people from inflation, corruption, and the silent theft of state-controlled debasement.

Bitcoin aligns with Islamic monetary ethics far more than the current fiat system ever could.

As the Qur’an says:

ولا تاكلوا اموالكم بينكم بالباطل

“Do not consume one another’s wealth unjustly.” (2:188)

What’s more unjust than inflation stealing people’s savings?

Disclaimer:

So many people here are trying to derail a very specific discussion about Bitcoin from an Islamic perspective. I’m not here to listen to your justification for whatever you believe — if you’re truly confident in your worldview, you don’t need to attack or confront Islam.

That’s your belief, and it’s completely out of topic.

A lot of the comments here are also filled with wrong or false claims about Islam, mixing politics, culture, governments, and media headlines with the actual religion. Again: OUT OF TOPIC.

I’m talking about financial ethics and how they align with Bitcoin, nothing else.

If you’re so sure about what you believe, then hold your belief — why come into a specific Bitcoin + Islamic ethics thread just to shill it like a shitcoin?

Take your belief and keep it. This isn’t the place to advertise it.