💡Many followers ask? What is permissible and what is forbidden in cryptocurrencies 💰
Before you start trading, remember what is permissible and forbidden so that Allah blesses you
✅ What is permissible trading?
📊 Trading in real assets
– Like stocks of companies with legitimate activities (Agriculture 🌱, Industry 🏭, Technology 💻).
💰 Direct buying and selling
– To buy and actually own the asset and then sell it.
🕌 Without usurious interest
– Using Islamic accounts without overnight fees.
📜 Transparency and avoidance of uncertainty
– The contract should be clear and the commodity known.
❌ What is forbidden trading?
💳 Margin trading with interest (Margin)
– Because it is a usurious loan.
⚖️ Leverage with usurious loan
– Many platforms offer it in a forbidden manner.
🎲 Financial derivatives (Futures, Options)
– Similar to gambling.
🍷 Companies with forbidden activities
– Like alcohol, gambling, or usurious banks.
🎰 Random fluctuations (gambling)
– A bet without study or basis
🤔 And what about cryptocurrencies?
Permissible ✅ if it is:
Direct purchase (actually owning the currency 🪙).
Using it for payment 💳 or legitimate investment 📈.
Without usurious interest ❌💸.
Forbidden ❌ if it is:
Just gambling speculation 🎲.
Using leverage 📉.
Scam projects 💀 or currencies without value.
And every time consult your heart as our Prophet Muhammad ﷺ said
