MINING-TRADING CRYPTOCURRENCY DALAM HUKUM ISLAM

  • Muhammad Fuad Zain IAIN Purwokerto
Keywords: mining-trading; cryptocurrency; uncertainly; value; Islamic law

Abstract

This paper discusses the mining-trading of cryptocurrency in Islamic law as a digital asset that has recently been traded in cyberspace. The value of cryptocurrency is soaring and fluctuation and it is influenced by the demand of buying and selling. Indodax.com is the official digital asset site in Indonesia that trades more than 13 digital currencies. As we know, digital currencies are not electronic money, even though the characteristic is similar. Starting from this, I analyze whether cryptocurrency is worthy of being value as money that has a certain value. Until now, the Indonesian government through Bank Indonesia has published regulation Number 16/8/PBI/ 2014, which explicitly prohibits using bitcoin and altcoin on financial transactions. Otherwise, MUI (Indonesian Ulema Council) has not issued a fatwa yet related to cryptocurrency. From here, I focuse on this study to the law of cryptocurrency in Islamic law. Bitcoin has advantages and disadvantages. Among its advantages are the user can use exchange or transaction without third service (bank), and it can be traded in merchandise shops. But, the disadvantages of bitcoin are mach more, such as fluctuating value every times, it is not listed as a commodity, it is not watched by Financial Services Authority (OJK), it presents the element of gharar (uncertainty) and maysir (gambling or bet), which makes it possible to be used for money laundering and drugs. On the other hand, until now, the Indonesian people have not considered that bitcoin as a treasure like gold or silver

References

Bakar, N. A., Rosbi, S., & Uzaki, K. “Cryptocurrency Framework Diagnostics from Islamic Finance Perspective: A New Insight of Bitcoin System Transaction.” Dalam Inter-national Journal of Management Science and Business Administration, Vol. IV, No. 1, (2017).
Darmawan, Oscar. “Bagaimana Mendapatkan Uang dari Bitcoin,” Dalam www.blog Bitcoin.co.id, diakses 17 April 2018.
Djazuli, A. Kaidah-kaidah Fikih: Kaidah-kaidah Hukum Islam dalam Menyelesaikan Masalah-masalah yang Praktis. Jakarta: Kencana, 2017.
Hasan, Ahmad. Mata Uang Islami: Telaah Komprehensif Sistem Keuangan Islami, terj. Jakarta: Rajawali, 2004.
Gunawan, Adi. “Pemahanan tentang Mining bitcoin Jenis Perangkat Mining Tingkat Kkesulitan Mining Bitcoin”. Dalam www.adigunawan.id, diakses 3 Januari 2018.
Laucereno, Sylke Febrina. “BI Berikan Izin 5 Uang Elektronik”, Dalam www.finance.detik.com, diakses 3 Juni 2018.
Mānī, Abd Allāh bin Sulaimān. Buḥūṡ fī al-Iqtiṣād al-Islāmī. Makkah: al-Maktab al-Islamī, 1996.
MUI. Jual Beli Mata Uang (al-Sharf) Nomor: 28/DSN-MUI/III/2002. Jakarta, MUI, 2002.
________. Uang Elektronik Syari’ah Nomor : 116/DSN-MUI/IX/2017. Jakarta, MUI, 2017.
Qalʻah Jī, Muḥammad Rawās. Al-Muʻāmalah al-Māliyyah al-Muʻāṣirah fīḌau’ al-Fiqh wa al-Syarīʻah. Beirūt: Dār al-Nafa’is, 1999.
al-Sa’di. Bahjah Qulūb Al-Abrar wa Qurrah Uyūn al-Akhyār fī Syarḥ Jawāmiʻ al-Akhbār. Mesir: Dār al-Jail, 1992.
Usman, R. “Karakter Uang Elektronik dalam Sistem Pembayaran.” Dalam Journal Yuridika, Vol. XXXII, No. 1, (2017).
Winskink, A.W. Al-Muʻjam al-Mufahras li Alfāẓ al-Ḥadīṡ al-Nabawī. Leiden: Beirel, 1936.
Published
2018-06-22