#MarketTurbulence Translated from Abu Ghazaleh
What is halal and haram in the crypto market
✅ The permissible (allowed under conditions):
📍 Trading/investing 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 according to Sharia, provided that:
📍 The currency is permissible for use (not linked to prohibitions, gambling, or money laundering).
📍 The transaction is done immediately (legal receipt: receiving the currency in your wallet at the time of purchase). The contract does not include any usurious interest.
❌ The prohibited according to Sharia:
👎🏻 Usury (interest)
If you trade through platforms that offer loans with leverage (margin/leverage) and charge interest or financing fees on the loan → usury is prohibited.
👎🏻 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 the price without owning the asset → this is forbidden gambling.
👎🏻 Dealing with prohibited currencies
Currencies that were created or are primarily used in prohibitions, gambling, illegal arms trade, or money laundering → it is not permissible to buy them.
👎🏻 Manipulation and fraud
Entering into suspicious projects (Scam Coins) or Ponzi Schemes “guaranteed profit” → it is haram to consume people's money unjustly.
In conclusion:
The permissible: buying and selling digital currencies (spot trading)
