StormGlider
Tue Jul 16 2024
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7 answers
991
Is bitcoin halal in Islamic finance?
I don't understand this question. Could you please assist me in answering it?
BitcoinBaron
Tue Jul 16 2024
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8 answers
2042
What is halal cryptocurrency list?
Could you elaborate on the concept of a "halal <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> list"? Is it a specific list of cryptocurrencies that adhere to Islamic principles of finance, such as prohibition of interest-based transactions or Riba? If so, how are these cryptocurrencies identified as being halal? Are there any specific criteria or standards that need to be met for a cryptocurrency to be considered halal? Additionally, is this list curated by religious authorities or financial experts, and what role does it play in the Islamic community's approach to digital currencies? Understanding the concept of a halal cryptocurrency list would be of great interest to those who are exploring the intersection of Islamic finance and cryptocurrency.
Chiara
Sun Jul 14 2024
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7 answers
1277
Is crypto halal?
I don't understand this question. Could you please assist me in answering it?
benjamin_cole_nurse
Sun Jul 14 2024
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6 answers
1174
Are bitcoins halal?
As a financial professional with a keen interest in cryptocurrencies, I've often been asked the question: "Are bitcoins halal?" The term 'halal' derives from Islamic teachings and essentially means permissible or lawful. With bitcoins being a digital currency that operates outside the traditional banking system, there's been much debate surrounding its compatibility with Islamic finance principles. Some argue that bitcoins, due to their decentralized nature and lack of central authority, align with the Islamic principle of avoiding riba, or usury. However, others raise concerns over bitcoins' potential use in illegal activities and speculative trading, both deemed impermissible. Thus, the question remains: Are bitcoins truly halal, or do they fall into the realm of impermissible financial transactions?
CryptoPioneer
Sun Jul 14 2024
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6 answers
1477
Is bitcoin halal under Sharia law?
When it comes to the question of whether <a href="https://www.btcc.com/en-US/academy/research-analysis/bitcoin-btc-price-prediction-2023-2025-2030-is-btc-a-good-investment" title="Bitcoin">Bitcoin</a> is halal under Sharia law, the discussion becomes rather nuanced. Sharia law, being the religious law of Islam, outlines specific guidelines for financial transactions and investments. The key considerations are usually centered around the legitimacy of the underlying activity, its potential for harm or exploitation, and whether it promotes fairness and justice. With bitcoin, a decentralized digital currency, the debate arises over its transparency, potential for misuse in illegal activities, and its impact on the traditional financial system. Some scholars argue that bitcoin's anonymity can facilitate illicit transactions, while others point to its ability to provide financial inclusion for those without access to traditional banking. So, the question begs: does bitcoin align with the ethical and moral principles outlined in Sharia law? Or does it fall into the category of haram, prohibited under Islamic law? This is a topic that requires careful consideration and analysis from religious scholars and financial experts alike.
