Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Is trading digital currencies halal or haram?
#1
Is trading digital currencies halal or haram?

Digital currencies have been subject to many controversial discussions about whether they are compatible with Islamic law or not. Before entering into their world, it is necessary to know the extent of their legality, as there is no official fatwa, but there has been consensus on caution regarding the following:
رموز التداول
In the case of mining, it is necessary to ensure that materials obtained legally are used, including computers and processors, in addition to a sound electrical source.
Jurists differed on this matter, as some held that it is forbidden to create money without a real value, as it is a form of usury, but if the currencies are in exchange for a real value, then it is acceptable.
Avoid suspicious sources.
Ensure the type of trade in which digital currencies can be used and completely avoid trade in prohibited drugs, alcohol, and human trafficking.
Do not profit by speculating on margins due to the high volatility of the currency, which may make the process resemble gambling.
Avoid monopoly and market manipulation.
Do not rely on future payments because the price can change at any time.
Cryptocurrency operations are criminalized in some countries, so if you are there, you should avoid the matter so as not to face penalties from the law.
Reply


Possibly Related Threads…
Thread Author Replies Views Last Post
  Baazeem Trading Company doaausef3li 0 56 11-12-2024, 08:36 PM
Last Post: doaausef3li
  What is the impact of SAP on digital marketing campaigns? rohitk112 2 151 10-30-2024, 08:05 AM
Last Post: jocabi
  From Neon Lights to Digital Printing: Your One-Stop Shop for Advertisements rahatsharma 0 101 10-20-2024, 10:00 AM
Last Post: rahatsharma
  The Benefits of Trading ETH/USDT on Toobit Isaiah14 0 98 10-13-2024, 02:00 PM
Last Post: Isaiah14
  Simplify Your Digital Life with Phone Link: aka.ms/linkpc Tom1998 2 446 09-20-2024, 07:45 PM
Last Post: FrankJScott
  Cyber Security Course in Baltimore: Master the Fundamentals of Digital Safety webasha443 0 142 09-07-2024, 07:25 AM
Last Post: webasha443
  Google Cloud VPS Server: Transforming Your Digital Infrastructure Emmadelay23 0 147 09-06-2024, 09:25 AM
Last Post: Emmadelay23
  The Evolution and Influence of Advertising in the Digital Era snoringmouthguard 1 247 09-02-2024, 03:58 PM
Last Post: Michelleantonio
  Ethical Hacking Training in Annapolis: Protecting Digital Frontiers webasha443 0 145 08-30-2024, 06:32 AM
Last Post: webasha443
  How to buy a stock trading skill doaausef3li 1 326 08-20-2024, 08:14 PM
Last Post: FrankJScott

Forum Jump:


Users browsing this thread: 1 Guest(s)