How do you know if cryptocurrency is halal or haram?
Cryptocurrencies have become increasingly popular in recent years, raising questions about their compatibility with Islamic law. The challenge lies in determining whether these currencies are halal or haram, especially in the absence of a clear legal framework regulating dealing with them. That's why I'll give you a set of steps to ensure the legitimacy of digital currencies.
How do you know if cryptocurrency is halal or haram?
Cryptocurrencies have become increasingly popular in recent years, raising questions about their compatibility with Islamic law. The challenge lies in determining whether these currencies are halal or haram, especially in the absence of a clear legal framework regulating dealing with them. That's why I'll give you a set of steps to ensure the legitimacy of digital currencies.
Learning the basics of trading is your guide to success and making profits.
Cryptocurrency Trading Basics with Simple Explanation 1. Understanding cryptocurrencies: Cryptocurrencies are crypto assets such as Bitcoin (BTC) and Ethereum (ETH) that are used for online trading. They are stored in electronic wallets and can be traded on digital markets. 2. Choosing a trading platform: Start by signing up with a trusted trading platform like Binance or Coinbase.
Hello I previously talked about trading from the perspective of legitimacy in Islam. We have concluded that trading in digital currencies is permissible under two conditions: ā¢ To be immediate. ā¢ Trading in halal currencies. He asked me to identify the permissible and forbidden currencies, and I did some research and came up with some results. You can view it in the š”Ideaš” group on TG
For those who have not read a previous article, you can find it in this post
HA-KIM DZ
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"It is important for every Muslim trader to know this"
Financial markets have witnessed an increasing interest from Muslims seeking to make profits without violating Sharia. With the complexity of financial instruments, there is a need to understand Sharia controls to avoid falling into forbidden transactions. How is trading halal? To ensure halal, trading must adhere to Sharia conditions, the most important of which is avoiding riba (interest), gharar (uncertainty), and gambling. Transactions must also be based on real ownership of the assets to achieve a balance between lawful profit and risk.
Hello After thinking, I came up with the idea of āācreating a space for sharing ideas and opinions. This is a space that is a group on Telegram. The purpose of this space is to discuss, ask questions, find solutions, spread knowledge and exchange ideas. So if you want to be an active member you can join and share your opinions and questions. Group link:
"It is important for every Muslim trader to know this"
Financial markets have witnessed an increasing interest from Muslims seeking to make profits without violating Sharia. With the complexity of financial instruments, there is a need to understand Sharia controls to avoid falling into forbidden transactions. How is trading halal? To ensure halal, trading must adhere to Sharia conditions, the most important of which is avoiding riba (interest), gharar (uncertainty), and gambling. Transactions must also be based on real ownership of the assets to achieve a balance between lawful profit and risk.