RWATimes on Nostr: 📰 Crypto czar asks Jamia Darul Uloom to distinguish between speculative crypto, ...
📰 Crypto czar asks Jamia Darul Uloom to distinguish between speculative crypto, asset-backed tokens
🗓️ Jul 15 2026 19:33 UTC - Reuters
“The central question the fatwa raises is whether a digital asset constitutes recognised wealth under Shariah. That is precisely the right question," says Bilal bin Saqib.
➤ Pakistan's crypto regulator is seeking clarification from Jamia Darul Uloom on distinguishing between speculative cryptocurrencies and asset-backed digital tokens under Islamic law.
➤ A recent fatwa deeming crypto purchases impermissible has raised concerns about Pakistan's embrace of digital assets, despite the regulator's efforts to categorize them individually.
➤ The PVARA aims to lead in Shariah-compliant digital finance by working with scholars to develop a licensing framework for stablecoins and tokenized real-world assets.
#shariahcompliant #islamiclaw #digitalassets #assetbackedtokens #speculativecrypto #fatwa #pakistan #pvara #stablecoins #realworldassets
🔗 Read more at:
https://rwatimes.io/articles/dawn-crypto-czar-asks-jamia-darul-uloom-to-distinguish-between-speculative-crypto-asset-backed-tokens-1904084378Published at
2026-07-16 03:15:12 UTCEvent JSON
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"content": "📰 Crypto czar asks Jamia Darul Uloom to distinguish between speculative crypto, asset-backed tokens\n🗓️ Jul 15 2026 19:33 UTC - Reuters\n\n“The central question the fatwa raises is whether a digital asset constitutes recognised wealth under Shariah. That is precisely the right question,\" says Bilal bin Saqib.\n\n➤ Pakistan's crypto regulator is seeking clarification from Jamia Darul Uloom on distinguishing between speculative cryptocurrencies and asset-backed digital tokens under Islamic law.\n➤ A recent fatwa deeming crypto purchases impermissible has raised concerns about Pakistan's embrace of digital assets, despite the regulator's efforts to categorize them individually.\n➤ The PVARA aims to lead in Shariah-compliant digital finance by working with scholars to develop a licensing framework for stablecoins and tokenized real-world assets.\n\n#shariahcompliant #islamiclaw #digitalassets #assetbackedtokens #speculativecrypto #fatwa #pakistan #pvara #stablecoins #realworldassets\n\n🔗 Read more at: https://rwatimes.io/articles/dawn-crypto-czar-asks-jamia-darul-uloom-to-distinguish-between-speculative-crypto-asset-backed-tokens-1904084378",
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