Does Islam smile on cryptocurrency?

“You know why they call it Bitcoin?” asks Ismail ibn Musa Menk, a Muslim scholar in Zimbabwe whose online videos have a big international viewership. “It bit us all,” he laments. “I got bitten too, you know.” Social-media users began to speculate if he had dabbled in the cryptocurrency.If he did, some of his peers would tut-tut. Shawki Allam, Egypt’s grand mufti, is a naysayer. In 2018 he endorsed an Egyptian government ban on Bitcoin trading, issuing a that cryptocurrency is (forbidden).