Neco 2020 Islamic Religious Studies Question 11
Practice objective / multiple choice question 11 from the 2020 Neco Islamic Religious Studies examination.
Considering the hierarchy of sources of Islamic law, a contemporary issue of digital cryptocurrency is being examined. The Qur'an explicitly prohibits riba, but does not mention digital currency. No authentic hadith directly addresses it. Scholars have reached a consensus (ijma) that the prohibition of riba extends to any medium that functions as interest‑bearing money, but there is still disagreement on the exact ruling. Using the established hierarchy (Qur'an, Sunnah, ijma, qiy\=as), which source should a jurist primarily rely on to issue a ruling on the permissibility of using cryptocurrency for trade, assuming no consensus exists on this specific point?
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About This Question
This is Neco 2020 Islamic Religious Studies Question 11. It is one of the objective questions from the 2020 Neco Islamic Religious Studies examination.
Difficulty level: Medium .
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