Ruling on trading and investing in TRUMP coin
TRUMP coin is one of the digital currencies that have recently appeared in the cryptocurrency market, which is witnessing tremendous growth with the continuous emergence of new currencies. This coin is known to be inspired by the personality of former US President Donald Trump, and it has targeted a specific audience of investors and supporters who see it as an investment opportunity or an ideological symbol.
What is TRUMP coin?
TRUMP coin is a digital currency that works on blockchain technology like most other cryptocurrencies. The goal of its launch was to achieve spread among investors who want to support projects bearing the name and logo of Trump, or exploit the fame of the name to achieve financial gains.
Currency performance in the market
When it was launched, the coin attracted some attention due to its catchy name, but it faced challenges like other cryptocurrencies, such as sharp price fluctuations. For example, if the price of the coin started at $6 and rose to $75, this is a huge increase that attracts investors looking to make quick profits. However, such currencies are prone to significant fluctuations, which makes investing in them risky.
The legal ruling on dealing with it
It is important to note that investing in cryptocurrencies that are speculative in nature or that are not based on clear and legitimate projects is forbidden in Islamic law. Unknown speculation and quick profit without real added value fall under the category of uncertainty and usury. Therefore, the Muslim investor must be careful in choosing his investments and avoid suspicions.
Conclusion
TRUMP is just one of the coins that shows how name and fame can attract attention in the world of cryptocurrencies. However, we should not be carried away by material temptations without considering the economic fundamentals or Islamic rulings. It is always lawful money that lasts and brings blessings, while unlawful gains only lead to loss in this world and the hereafter.
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