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Objective of the Study : It is aimed in this study to develop a model of cryptocurrency which is applicable in Turkey and suitable for Islamic monetary and financial system, by presenting the condition of cryptocurrency, which has reached a significant size in the world of finance, in the system of Islamic finance. Methodology of the Study : In this study, first of all, the course of money from its invention and first use to tdv borç ödeme present time has been revealed, and the cases that have emerged in tdv borç ödeme course since the earliest days of humanity and the Islamic world, tdv borç ödeme, and their reactions as well as teardrop trailer drawings to these cases have been examined. In the light of these findings, an appropriate model has been tried to be developed. Findings of the Study : With a close review of literature, it has been observed that while there are limited number of studies on cryptocurrencies, tdv borç ödeme, and that number is limited when it comes to the studies on Islamic cryptocurrency.

The legal maxim is effective on many financial transactions. The jurists of the classical period referred to the maxim in the context of the qard loan contract and deemed every kind of benefit beyond the principal to be usury. An example from the classical period of a loan that entailed benefit is the issue of suftajah. In essence, it is known as stipulating that the loan to be paid in a different place. According to the jurists, the relationship of this example with interest is due to the fact that the lender by receiving the debt amount in full, has ensured the safe transfer of the money to the desired location without paying any price.

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Theory and Practice of Global Islamic Finance s. The maxim has been both cited and referred to on several occasions in fiqh books of almost all schools of Islamic law. Academy, B. Ayinde, O. APA Style. Jain, M. This article is available for free download and can be reused and cited, provided that the original published version is credited, under the CC BY 4. Twesige, R. Node Nedir? Aceh International Journal of Social Sciences, 1 2 , The legal maxim is effective on many financial transactions. Thus, the following distinction should be taken into account: In some circumstances, benefits are considered to be illegitimate because they lead to unfair profit and exploitation of others, while others are considered to be legitimate benefits because they are compliant with the requirements of the contract and with the will of the parties. Lemieux, P. However, different texts of the maxim are also found in the sources. Chicago Style.

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Nakamoto, S. Table 4. Findings of the Study : With a close review of literature, it has been observed that while there are limited number of studies on cryptocurrencies, and that number is limited when it comes to the studies on Islamic cryptocurrency. Upon examination of the fiqh sources it is clear that the suftajah is referred to as an example of a benefit entailing loan. A simple explanation of Bitcoin and Blockchain technology. Shamshiyev, O. Abstract: Objective of the Study : It is aimed in this study to develop a model of cryptocurrency which is applicable in Turkey and suitable for Islamic monetary and financial system, by presenting the condition of cryptocurrency, which has reached a significant size in the world of finance, in the system of Islamic finance. Research article. DOI : Vijayakumaran, S. Emisyon TL.