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Pakistani Cleric Issues Fatwa Declaring Cryptocurrency Trading Haram Amid Regulatory Push

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Pakistani Cleric Issues Fatwa Declaring Cryptocurrency Trading Haram Amid Regulatory Push

Analysed 11 Jul 2026·2 sources analysed·Pakistan·Politics
Pakistani Cleric Issues Fatwa Declaring Cryptocurrency Trading Haram Amid Regulatory PushPreviousNext

Mufti Muhammad Taqi Usmani, a prominent Pakistani Islamic scholar, has issued a fatwa declaring cryptocurrency trading haram under Islamic law, stating that digital assets like Bitcoin, Ethereum, and stablecoins do not qualify as wealth or property in Shariah. This religious ruling, endorsed by other scholars and published by Darul Uloom Karachi, is non-binding but may influence public perception. The fatwa emerges as Pakistan's government actively promotes cryptocurrency regulation through the Pakistan Virtual Assets Regulatory Authority and a formal regulatory framework.

TBN's observations

First-hand measurement across 2 sources

We measured how 2 outlets covered this story. Coverage leans balanced overall (Left 0%, Centre 100%, Right 0%). Overall sentiment is neutral (50/100). Lens Score 34/100 — low public interest.

Outlets analysed (first-hand measurement by TBN's Bias Engine):

  • indiatoday— balanced framing, neutral sentiment
  • news18— balanced framing, neutral sentiment
Political Bias
0%100%0%
Sentiment
50%
AI analysis of 2 sources · Published under editorial oversight by The Balanced News
Analysed 11 Jul 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Political bias across 2 sources
● Left 0%● Center 100%● Right 0%

The articles present perspectives from religious authorities and the Pakistani government without favoring either side. They highlight the cleric's religious ruling alongside the government's efforts to regulate and promote cryptocurrencies, reflecting both religious and policy viewpoints. The coverage maintains neutrality by reporting facts and statements from both stakeholders without editorializing.

Sentiment — Neutral (50/100)

The tone across the articles is neutral and informative, focusing on the factual announcement of the fatwa and the government's regulatory initiatives. There is no evident positive or negative sentiment toward either the religious ruling or the government's actions, resulting in balanced coverage that neither endorses nor criticizes the developments.

How 2 sources covered this story

Each source's own headline, political lean, and sentiment — so you can see framing differences at a glance.

Reviewed byPrajakta Kale· Political Analyst· Edited byOjas Kale
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SourceTheir headlineBiasSentiment
indiatodayPakistan cleric declares crypto haram as government pushes regulationCenterNeutral
news18Top Pakistani cleric declares cryptocurrency trading 'haram', issues 'fatwa'CenterNeutral

Coverage timeline

news18 broke this story on 11 Jul, 12:01 pm. Other outlets followed.

  1. 1
    news1811 Jul, 12:01 pm
    Top Pakistani cleric declares cryptocurrency trading 'haram', issues 'fatwa'
  2. 2
    indiatoday11 Jul, 12:11 pm
    Pakistan cleric declares crypto haram as government pushes regulation

Lens Score breakdown

34/100
Public interest0/100
Coverage gap100%

Well-covered story — coverage matches public importance.

Who's involved

Institutions and figures named across source coverage.

Government
Pakistan Virtual Assets Regulatory AuthorityPakistan GovernmentPakistani Government
Religious
Mufti Muhammad Taqi UsmaniDarul Uloom Karachi

Story context

Category
Politics
Location
Pakistan
Sources analysed
2
Last analysed
11 Jul 2026
Key entities
FatwaCryptocurrencyHaramPakistanUlamaDarul Uloom KarachiTaqi UsmaniStablecoinShariaMuslimsToken coinDigital asset