ڈیجیٹل کرنسی پاکستانی قوانین کے تناظر میں اور اس کے ممکنہ فوائد و نقصانات

Digital Currency in Context of Pakistani Laws and Its Possible Pros & Cons

Abstract

Islam is such an attractive and beautiful religion that shows its followers the path of worldly success along with the final one. Since the beginning, there remains a struggle to make its living better and better by the humans and this strive has become the cause of many discoveries and innovations. The availability of material commodities for worldly matters is inevitable and on them relies on human life. It was neither practical nor possible that every person invents anything of his/her need because Allah has attributed every human with specific capabilities. Therefore, every person keeps providing things according to his/her capabilities which adopted the form of barter system ahead in which things of mutual interest and need were exchanged between individuals, then between nations and later between countries. But, with the passage of time, this didn't remain possible that everything be exchanged for something other. So, keeping in view the human needs, the currencies were introduced that have their history. The importance of physical currencies is declining with the changing and current demands and digital currencies are taking their place which are safer and easier as compared to physical currencies. As Islam is equipped to deal with the changing demands of time and it has its separate standard to check the things, therefore, like other systems of life, it (Islam) has its own separate system of economic and the importance of economy has been promenaded many times in The Quran and The Hadith. Economic Importance is highlighted by not handing over the property to “insane" ones on many occasions. Rasool Ullah (S.A.W) has warned the Muslim about the consequences of deteriorated economy and asked them to improve their economy. In my thesis, I have tried to see the digital currencies in the light of Pakistani legislation. Moreover, an effort is made to highlight the possible benefits and losses of these digital currencies in the developing country like Pakistan.