Conceptual Research: Sharia-based Cryptocurrency

R.A.E. Virgana, Mohd Haizam Mohd Saudi and Obsatar Sinaga

Islam is the religion of rahmatan lil 'alamin / Al Anbiya: 107, bringing blessings and welfare to the whole universe, all Moslem majority states, hoping its country is "thayyibatun wa rabbun ghafur [A good land [have you], and a forgiving Lord] / Saba': 15". The number of Moslems around the world is around 1.6 billion, about 24% of the world's total population, 31% are in southern asia, 22% in southeastern Asia, 47% spread around the world. The country with the world's highest gross domestic product (at purchasing power parity [PPP]) is Qatar, Brunei is the 4th, 5th place in Kuwait, 8th place in United Arab Emirates, 12th place in Saudi Arabia, and Bahrain ranks 14, 10 Countries with the largest oil reserves in the world, 9 Countries are in the majority Moslem countries, 17 Largest oil producing countries in the world, 10 Countries are in Moslem majority countries, from 228 Countries with Moslem, 76 countries has more than 10% of the population of the country. These are the facts that Allah SWT has given His mercy to us the major Moslem states, fertile lands, prosperous countries, rich countries, but why most Moslems in Moslem countries are not prosperous. There are many reasons for this, mismanagement of the land, misinformation of the economy, fragile monetary system, inexhaustible debt, those who consume interest (naïsiah and fadhl) rampant, greed, corruption, wealth and uneven prosperity. The concept of sharing, wealth and prosperity among Moslem countries, not a new concept has ever been implemented by Moslem countries since then, from Andalusia-Spain to the far east, has a similar economic concept model, one of them isnot consume interest. In this prelimanry research the researcher proposes a conceptual research: sharia-based cryptocurrency, hopefully bring goodness of wealth and prosperity for the good of the world and the hereafter.

Volume 11 | 03-Special Issue

Pages: 138-143