The rise of Bitcoin has created both excitement and confusion among Muslim investors. With millions entering crypto globally, a major question remains:
๐ Is Bitcoin Halal or Haram?
Letโs break it down ๐
๐น What Scholars Say:
โ Many Islamic scholars agree that Bitcoin is permissible as long as:
It's used as a medium of exchange (not gambling).
There's no interest (Riba) involved.
The trade is done with honesty and no deception.
as it's used ethically, it is allowed.โ
โ Mufti Faraz Adam (Islamic Finance Scholar)
โ When It Becomes Problematic:
โ ๏ธ Bitcoin becomes questionable when:
Itโs used in pure speculation or gambling.
Youโre taking high-leverage risky trades (like x100 futures).
You borrow money with interest
to invest in it.
๐ What About Bitcoin Mining & Trading?
Mining is considered Halal if it doesnโt waste excessive energy/resources.
Trading is Halal if done with transparency, no leverage, and no deceit.
๐ค What Should You Do?
โ Do your own research.
โ Trade ethically and transparently.
โ Avoid leverage, margin trading, or high-risk coins.
โ Use platforms with clear rules
(like Binance).
๐ข Final Verdict:
> Bitcoin is Halal โ if you use it responsibly.
Just like gold or fiat, it's all about your intention and method.
๐ Share this with your Muslim friends who are confused about Bitcoin.
๐ง Letโs trade smart. Letโs trade Halal.
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