تطبیقات قاعدۃ " سد الذرائع" علی العملات المشفرۃ فی الفقہ المالکی والشافعی: Applying the Principle of *Sadd al-Dharā’iʿ* to Cryptocurrencies in Mālikī and Shāfiʿī Fiqh”

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ID: 310894
2025
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Abstract
This study explores one of the most complex and rapidly evolving issues in modern finance “cryptocurrencies”, or digital currencies . which have emerged as decentralized financial assets challenging the foundations of conventional monetary systems. Their swift global expansion has prompted considerable discussion among Muslim jurists and economists about their “Sharīʿah legitimacy” and their alignment with “Islamic financial ethics”. The research focuses on the application of the classical legal principle of “Sadd al-Dharā’iʿ” (blocking the means to potential harm), examining its scope and relevance within the “Mālikī” and “Shāfiʿī” schools of Islamic jurisprudence in relation to cryptocurrencies. This principle, regarded as a key safeguard in Islamic legal theory, serves to prevent actions that may indirectly lead to prohibited outcomes. Through critical analysis and comparative study, the research investigates whether the use and circulation of cryptocurrencies represent a “permissible financial innovation” or serve as a gateway to unlawful consequences such as “gharar” (uncertainty), “ghish” (deception), “ribā” (usury), or “economic corruption By bridging classical jurisprudence with emerging financial realities, the study aims to clarify how the principle of “Sadd al-Dharā’iʿ” can be effectively applied to digital financial systems within the Mālikī and Shāfiʿī frameworks. Ultimately, it seeks to contribute to the development of a balanced Sharīʿah-based perspective that harmonizes “financial innovation” with “ethical restraint”, ensuring that Islamic law remains both protective and adaptable in the era of digital finance.
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Authors Kaleem Ullah
Journal Pakistan Journal of Islamic Research
Year 2025
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