Crypto Trading in Islam 💸

Crypto trading in Islam is a debated topic among scholars and researchers. 🤔

• Haram (Forbidden) Reasons:🚫

Crypto trading involves

- Gambling (Maysir) & Speculation:🎲 Crypto prices fluctuate wildly, making trading similar to gambling.

- Usury (Riba) & Interest:📈 Some crypto loans involve interest, making them Riba (haram).

- Uncertainty (Gharar) & Ignorance (Jahala):🤷 Lack of transparency and uncertainty in crypto trading makes it Gharar and Jahala (haram).

• Halal (Permissible) Reasons:✅

However, crypto trading is allowed when used for

- Buying (Bai) & Selling (Shira):🛍️ Crypto can be used for buying and selling goods and services.

- Investment (Sawm) & Leasing (Ijara):📊 Crypto can be invested or leased for lawful purposes.

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Ultimately, intention and application determine its permissibility.💡

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