What is the Shariah's ruling on bitcoins?

Answer

After reading dozens of pages of explanation on bitcoins, the only thing we understood is that it is another Yahoodi conspiracy to gain control of the world. Every explanation on this topic is obscurum per obscuruus - that is, it is an attempt to explain something obscure with something which is more obscure.

At this stage there is no clarity on this rubbish which is being plotted to be the world's 'currency'. Currently, it has no independent existence, not even such as the worthless currency notes of countries. Bitcoins have to be purchased with rands/dollars, etc. Then via a meandering rigmarole process it manages to squeak like a hatching chick.

What has been hitherto understood from this nonsense is that it is presently only somewhat like a cheque book, serving the same function.

It is not as yet valid currency such as currency notes which although intrinsically worthless are real currency.

For further Shar'i comment the need is for greater and simpler clarification regarding this Yahudi conspiracy.

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The description of the fraud, crank and quack sufis presented by Allaamah Sha'raani (Rahmatullah alayh) adequately depicts the socalled 'sufi' scenarios, bogus peers and spiritually and morally barren and bankrupt 'khaanqas' of our present age. The shaikhs of so-called tasawwuf of this age ruin the morality and extinguish the Imaani spirituality of those whom they succeed to rope in as mureedeen.

As a cover for their gross jahaalat of Tasawwuf, the crank shaikhs of our time initiate congregational forms of thikr in the Musaajid and in their 'khaanqas' which in reality are not even shadows of genuine khaanqas. It is essential to beware of them. The safest for one's Imaan is to stay far - very far - from these cranks and quacks. They are bogus 'sufis'. Examine their life-style. They will be found to be exceedingly far from the Sunnah and negligent in observance of Shar'i masaa-il. They resort to corrupt interpretations to soothe the palates of the masses with the objective of expanding their circle of followers.

The more mureeds they are able to lure, the greater will be the fulfilment of their nafsaani and mundane objectives of wealth, name and fame. They are the very antithesis of Tasawwuf.