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Bilal bin Saqib

Coverage of Bilal bin Saqib in the Nexus archive.

Earliest in view: Jul 11 · 15:15 UTCMost recent: Jul 15 · 18:50 UTC
Co-mentioned in this coverage
Mufti Taqi Usmaniperson2Pakistan Virtual Assets Regulatory Authorityorganization2Jamia Darul Uloomorganization1Islamic bond (sukuk)topic1gold-backed tokenstopic1stablecoinstopic1Blockchaintopic1Darul Ifta, Jamia Darululoomorganization1Fatwatopic1Shariahtopic1cryptocurrencytopic1
Recent coverage
  • BUSINESSJul 15 · 18:50 UTCDAWN
    Crypto czar asks Jamia Darul Uloom to distinguish between speculative crypto, asset-backed tokens

    Pakistan's Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib urged Jamia Darul Uloom to differentiate between speculative cryptocurrencies and asset-backed digital tokens following a fatwa deeming crypto-based purchases impermissible under Islamic law. The regulator aims to evaluate digital assets by category, emphasizing Shariah-compliant instruments like blockchain-recorded sukuk, gold-backed tokens, and stablecoins.

  • BUSINESSJul 11 · 15:15 UTCDAWN
    Crypto czar holds 'constructive' discussion with Mufti Taqi Usmani on Shariah status of digital assets

    Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib discussed the Shariah status of digital assets with Mufti Taqi Usmani after a fatwa declared cryptocurrency transactions impermissible. The fatwa, issued by Darul Ifta, Jamia Darululoom, argued cryptocurrency is not recognized as 'maal' (wealth) in Sharia law. Saqib emphasized the need for technical and Shariah assessments of blockchain technologies to ensure regulatory and ethical compliance.