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The Sharia ruling on Binance transactions supported by the statements of scholars
1. Spot Trading
Description: Buying or selling cryptocurrencies directly without delay.
Sharia Statement:
Allah said: "And Allah has permitted trade and has forbidden interest" [Al-Baqarah: 275].
The Messenger of Allah, peace be upon him, said:
"Gold for gold, silver for silver... equal for equal, hand in hand, so if these types differ, sell them however you wish as long as it is hand in hand" (Narrated by Muslim).
The companion Ibn Umar said: "When two men engage in a trade, each has the option as long as they have not separated" (Narrated by Bukhari).
Imam Nawawi said: "Immediate possession is a condition for the sale of currencies, as currencies are treated like gold and silver."
Contemporary Scholars:
Sheikh Ali Al-Qaradaghi said: "Spot trading, if done with actual or deemed possession, is permissible."
Ruling: Permissible Example: I bought 1 Bitcoin for 30,000 USDT directly in the market.
$BTC
#دين
#Islam
1. Spot Trading
Description: Buying or selling cryptocurrencies directly without delay.
Sharia Statement:
Allah said: "And Allah has permitted trade and has forbidden interest" [Al-Baqarah: 275].
The Messenger of Allah, peace be upon him, said:
"Gold for gold, silver for silver... equal for equal, hand in hand, so if these types differ, sell them however you wish as long as it is hand in hand" (Narrated by Muslim).
The companion Ibn Umar said: "When two men engage in a trade, each has the option as long as they have not separated" (Narrated by Bukhari).
Imam Nawawi said: "Immediate possession is a condition for the sale of currencies, as currencies are treated like gold and silver."
Contemporary Scholars:
Sheikh Ali Al-Qaradaghi said: "Spot trading, if done with actual or deemed possession, is permissible."
Ruling: Permissible Example: I bought 1 Bitcoin for 30,000 USDT directly in the market.
$BTC
#دين
#Islam
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