🚨 What is Halal and Haram in the Crypto Market

✅ Permissible (allowed under conditions):

📍 Trading/Investment for the purpose of buying and selling: If your intention is to buy a digital currency and hold it, then sell it at a higher price, this is permissible by Sharia provided that:

📍 The currency is permissible for use (not associated with prohibitions, gambling, or money laundering).

📍 The transaction is conducted immediately (legitimate receipt: receiving the currency in your wallet at the time of purchase). The contract does not include any usurious interest.

❌ Forbidden by Sharia:

👎🏻 Usury (interest)

If you trade through platforms that offer leveraged loans (margin/leverage) and charge interest or financing fees on the loan → this is prohibited usury.

👎🏻 Gharar and gambling (excessive risk)

If trading is merely gambling (entering without study and relying only on luck like gambling), it is prohibited.

Some platforms offer derivative contracts like Futures or Options that resemble betting on price without owning the asset → this is prohibited gambling.

👎🏻 Dealing with prohibited currencies

Currencies that were created or used primarily for prohibitions, gambling, arms trade, or money laundering → it is not permissible to buy them.

👎🏻 Manipulation and fraud

Engaging in suspicious projects (Scam Coins) or Ponzi Schemes "guaranteed profit" → it is forbidden to consume people's wealth unjustly.

In summary:

Permissible: Buying and selling digital currencies (spot trading)

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