In theory the halal currency in Islam is the one which have value in itself and no circumstances change it's value over time,even War, like Gold, Hence paper currency only declared halal at first when it's promised that it's backed by real Gold, today it's not backed by Gold, so theoretically all currencies are haram in true sense. and current Currencies can be Halal in true when inflation remains Zero, even after 2 centuries.
But brother, I’m pretty sure majority of people who buy stuff like bitcoin use it for speculative purposes, they buy it for profit gains, on your website you said bitcoin is halal but how would it be halal if majority of buyers are speculators and a handful of people lose their wealth from this?
All crypto is Haram! I’m new Muslim. But I dropped crypto for the sake of Allah. People use crypto in the gun market, drugs and all black market. IT IS HARAM Akhi! Drop the Haram money before last day of the judgment! Inshallah 💚 SubhanAllah 💚 Allahu Akbar! 💚
Bro why is crypto halaal but trading forex Haraam? With crypto you cant physically own the asset, it's also the same logic as trading since you can can buy it at different points to gain profits? Seems like double standard
Assalamu Alaikum I am a cryptocurrency trader and have a question regarding the permissibility of using funds provided by a prop firm. The firm offers both spot trading (which I believe is halal) and derivatives trading, Wich is haram. They provide traders with capital and take a portion of the profits.
My concern is that a significant portion of their capital comes from interest-based (riba) activities, possibly over 50%.If I engage exclusively in spot trading, is it permissible to use this capital?
Additionally, considering that raising my own capital would take 5-10 years, does the concept of necessity (darura) apply here? I am seeking guidance to ensure my trading activities align with Islamic principles.
JazakAllah khair for any insights you can provide!
It's definitely Haram . Try to justify all you want. It goes against Islamic principals . Hard work and justice. I don't need fatwa to know that. So yeah . Make some fire bucks if you want.
37 comments
In theory the halal currency in Islam is the one which have value in itself and no circumstances change it's value over time,even War, like Gold,
Hence paper currency only declared halal at first when it's promised that it's backed by real Gold, today it's not backed by Gold, so theoretically all currencies are haram in true sense. and current Currencies can be Halal in true when inflation remains Zero, even after 2 centuries.
But brother, I’m pretty sure majority of people who buy stuff like bitcoin use it for speculative purposes, they buy it for profit gains, on your website you said bitcoin is halal but how would it be halal if majority of buyers are speculators and a handful of people lose their wealth from this?
Please alot of people suffering betting 1xBet… Give them more details about this betting, where it come from and Haram issues..
@IFGuru
Thanks Sheikh for protecting this Umaha.
There is 5x, 10x written besides all crypto pair in binance spot trading. Is it halal then?
Where is list
Give me an example of the "perfectly fine" cryptos?
The thing is many so called scholars without giving any solid reasons, are stating it’s Haram, avoid it, 😂
Forget about crypto… first watch ur weird looking mustache 🤔🤔🤔😱😱
Xrp is halal
Bro jio coins halal or haram
Is crypto staking halal? I mean there is interest right?
Bro staking is not halal
AI coins is halal or haram
Is staking halal, like proof of stake ?
Are meme coins halal ?
Can we get the halal coin list ?
Your promoting something that is haram
Where to cheeque halal cryto list?
You always say; list of halal cryptocurrencies but you never post. I am sure the list is under your pillow dude
Bitcoin is NOT an asset; it is a currency… arguably it is halal to use bitcoin for USING bitcoin as a currency – the emphasis is on USING.
However, buying bitcoin to hoard or speculative is absolutely haram
is memecoin halal or not?
You are getting Grey bro. Because of the stress😂😂
All crypto is Haram! I’m new Muslim. But I dropped crypto for the sake of Allah. People use crypto in the gun market, drugs and all black market. IT IS HARAM Akhi! Drop the Haram money before last day of the judgment! Inshallah 💚 SubhanAllah 💚 Allahu Akbar! 💚
Where to get your list of halal cryptocurrency
What about metaforce. Forcecoin
what abt islm coin, is that halal? cause it is sharia backed according to makers/founders? and what abt participating in airdrops, is that halal
Bro why is crypto halaal but trading forex Haraam? With crypto you cant physically own the asset, it's also the same logic as trading since you can can buy it at different points to gain profits? Seems like double standard
where to find this list of "halal crypto currencies " mentioned?
thx
Assalamu Alaikum
I am a cryptocurrency trader and have a question regarding the permissibility of using funds provided by a prop firm. The firm offers both spot trading (which I believe is halal) and derivatives trading, Wich is haram. They provide traders with capital and take a portion of the profits.
My concern is that a significant portion of their capital comes from interest-based (riba) activities, possibly over 50%.If I engage exclusively in spot trading, is it permissible to use this capital?
Additionally, considering that raising my own capital would take 5-10 years, does the concept of necessity (darura) apply here? I am seeking guidance to ensure my trading activities align with Islamic principles.
JazakAllah khair for any insights you can provide!
Found first person who knows about Crypto
Is stacking crypto coins haram or halal
What about not having any intrisic value ?
It's definitely Haram . Try to justify all you want.
It goes against Islamic principals .
Hard work and justice.
I don't need fatwa to know that.
So yeah . Make some fire bucks if you want.
My advise is never Ask about deen anyone who studies western country university or university about deen
Crypto that aligns with Islamic principles?
Please what makes crypto an asset? Does it have any intrinsic or utilitarian value?
Where can I see the list of halal tokens?