In our current era, cryptocurrency trading has become one of the most popular topics among investors and traders around the world. With the increasing interest in this field, many questions arise about the legitimacy of this type of trading, whether from an economic or religious perspective. Here we are not only talking about the basics that a novice trader should know, but also addressing important aspects related to the religious rulings governing cryptocurrency trading, thus laying the scientific and religious foundation for beginners.
The aim of the book:
Our goal in this book is not just to provide trading strategies and techniques, but also to deepen the understanding of the legitimacy of these transactions. We have devoted an entire chapter to the Islamic Sharia rulings related to cryptocurrency trading and all types related to it, such as leveraged trading, futures contracts, excessive speculation, usury, and other transactions that may raise legal and Sharia questions. In this chapter, we discuss the reason for the prohibition of each type of these transactions based on the fatwas of imams and doctors in comparative jurisprudence.
Why this book?
Our belief is that learning and trading with your own money and yourself is the right way. It is not good to hand over your money to people, some of whom may be honest and trustworthy, but there are more of them who may betray the trust and steal your money. Therefore, we believe that awareness of permissible and forbidden transactions in trading is the key to success, and in this way the Muslim trader ensures that his steps will be successful and blessed by the grace of Allah Almighty.
Book chapters and their distribution
This book is divided into different chapters, so that the reader can learn the basics first and then move on to understanding the complex strategies in trading, while maintaining full commitment to Islamic law.
1. Introduction to Cryptocurrencies: In this chapter, we review what cryptocurrencies are and how they work, highlighting the concept of “blockchain,” which is one of the most prominent basic technologies for cryptocurrencies.
2. Introduction to platforms: We provide a comprehensive comparison between different trading platforms such as Binance, Coinbase and other popular platforms. We review their advantages and disadvantages and how to choose the right platform for you.
3. Technical Analysis: In this chapter, we discuss technical analysis tools such as resistances and supports, the RSI indicator, and MACD, with examples provided on the Trading View platform and practical examples for each indicator.
4. Fundamental Analysis: We explained how to understand market analysis using fundamentals such as understanding the market, analyzing news and its impact on price movement.
5. Practical Trading: In this chapter, we provide practical exercises that demonstrate how to combine different indicators and apply them to trading in the cryptocurrency market.
6. Sharia Provisions: We have devoted an entire chapter to discussing the Sharia ruling on cryptocurrency trading. We have discussed fatwas from imams and doctors of comparative jurisprudence on various types of trading (such as spot trading, leveraged trading, futures contracts, etc.). We have also analyzed why each type is prohibited in violation of Sharia.
Our goal is to achieve good, lawful earnings.
As time goes by and the complexity of the cryptocurrency markets increases, it has become necessary to set clear standards for halal trading. Our first and last goal should be to please Allah Almighty, as this is what makes our trading and financial practices valid and fruitful, far from suspicion. As we know, money is a trust, and on the Day of Judgment we will be asked about how we earned it and how we spent it.
Providing the opportunity for continuous learning
Since the book has not been printed yet due to some technical reasons, we decided to upload its chapters periodically, giving the reader enough time to absorb each chapter before moving on to the next. We also make sure to present the book chapters in detail with practical exercises to enable the trader to develop his skills gradually. We will publish a new chapter or explanation every now and then via the followers’ Telegram page, in order to provide useful practical tips and lessons.
Invitation to join the telegram page
We are now opening up our Telegram page for a limited number of beginner traders. The goal is to provide a live educational platform where we share lessons, tips, and answers to traders’ questions. We will only accept ten participants at first, so that everyone can focus and apply the lessons correctly. Every now and then, we will publish chapters of the book or additional explanations to enable traders to learn the necessary skills and skills to trade cryptocurrencies cautiously and in accordance with Islamic law.
The importance of Islamic knowledge and halal trading
Through this book and its resources, we seek to achieve the ultimate goal of helping traders learn to trade in a way that pleases God Almighty, and achieve success in the digital currency market in a lawful and safe manner.
Always remember that your knowledge and wealth are a trust from Allah Almighty, and your goal is to stay on the right path that pleases Allah. If you follow the Islamic guidelines and learn gradually, you will be able to achieve success in trading cryptocurrencies in a lawful and reliable way.
