🕌 7 Tips Every Muslim Should Follow When Trading Crypto on Binance
As Muslims, it's our duty to ensure our crypto trading stays halal.
Here are 7 Islamic guidelines I personally follow while trading on Binance — may it benefit others too, insha’Allah. 🌙
1. 📉 Avoid Futures & Margin Trading (Riba-Free Investing)
Interest (riba) is prohibited. Leverage-based trading involves borrowing with interest, which is not halal. Stick to spot trading.
2. 📊 Trade Only Permissible (Halal) Coins
Avoid tokens linked to gambling, alcohol, or unethical industries. Do your research and follow scholars' guidance.
3. 💸 No Earning Through Interest-Based Staking
Use halal earning methods like Proof-of-Stake coins or Halal staking pools, but avoid any staking that gives fixed, interest-like returns.
4. 🤝 Use Honest Intentions — Not Pump and Dump
Manipulating markets or participating in pump-and-dump groups is gharar (excessive uncertainty), which is against Islamic ethics.
5. 🧠 Educate Yourself Before You Invest
Islam promotes knowledge before action. Learn from Binance Academy, understand what you're investing in, and avoid blind speculation (maysir).
6. 🕋 Purify Your Earnings with Sadaqah (Charity)
If you’re unsure whether a trade was 100% halal, give a portion in sadaqah to purify your wealth.
7. ☝️ Always Remember: Accountability is to Allah
Your crypto is part of your rizq. Trade with honesty, ethics, and always remember your akhirah.
Crypto is a powerful tool — but it must align with our deen.
May Allah grant us halal barakah in all our trades. Ameen. 🤲
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