SapphireRider
Sat Jun 08 2024
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5 answers
1123
Is binance halal in Islam?｜Crypto in general is halah to buy, sell or keep as an asset, but for binance (or any other exchange) , so margin trading, futures, staking, defi staking, earn services, loans, dual investments , borrowing ALL are Haram, and binance in particular even for normal staking gives you the rewards + ...only spot trading is halal
Could you please elaborate on whether Binance is considered halal in Islam? It seems that Cryptocurrencies are generally acceptable for purchase, sale, or retention as assets. However, with regards to Binance or any other exchange, activities such as margin trading, futures, staking, DeFi staking, earn services, loans, dual investments, and borrowing are all considered Haram. Additionally, Binance specifically, even for normal staking, offers rewards which might raise some concerns. Is it correct to assume that only spot trading on Binance is halal?
Chloe_thompson_artist
Sat Jun 08 2024
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6 answers
1125
Why is crypto not halal?
Could you please elaborate on the reasons why cryptocurrency is not considered halal? I'm curious to understand the religious and ethical concerns surrounding its use. Could you provide some specific examples or arguments to support this viewpoint? Additionally, are there any exceptions or circumstances where the use of cryptocurrency could be considered acceptable? I'm interested in hearing your thoughts on this matter.
Lorenzo
Fri Jun 07 2024
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6 answers
1242
Is it halal to buy and sell crypto?｜Islamic banking laws are also anti-interest so by many Islamic scholars who rely on the teachings of Prophet Muhammad PBUH when seeking guidance about permissibility (ultimately, only Allah knows best).the technology, pricing , and buying and selling of cryptocurrency money is deemed halal
Is it permissible, according to Islamic banking laws, to engage in the buying and selling of cryptocurrencies? Given that Islamic scholars often rely on the teachings of Prophet Muhammad for guidance, how do they interpret the use of this technology, pricing mechanisms, and the transactions involved? Ultimately, the decision rests with Allah, but it's intriguing to understand how Muslims view this modern financial instrument.
Caterina
Fri Jun 07 2024
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7 answers
1193
Is trading haram or halal?｜, such as avoiding transactions involving interest (Riba), excessive uncertainty (Gharar), gambling (Maysir), and trading in haram (forbidden) items.Trading is considered halal in Islam if it adheres to Islamic financial guidelines
Could you please elaborate on the Islamic perspective regarding the halal or haram nature of trading? Could you provide examples of transactions that should be avoided in order to comply with Islamic financial guidelines, such as those involving interest (Riba), excessive uncertainty (Gharar), gambling (Maysir), and dealings in haram (forbidden) items? How does one ensure that their trading activities adhere to these principles and are thus considered halal in Islam?
KimonoElegance
Fri Jun 07 2024
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6 answers
1472
Which coins are halal?｜): The pioneer cryptocurrency, widely accepted and considered halal by many scholars. Ethereum (ETH): The second-largest cryptocurrency by market capitalization, often considered halal due to its utility and use cases beyond speculative trading.Bitcoin (BTC
Could you please elaborate on which coins are considered halal? I'm particularly interested in Bitcoin (BTC) and Ethereum (ETH). Could you explain why these two cryptocurrencies are widely accepted as halal by many scholars? What are the specific characteristics or use cases of these coins that make them compliant with halal standards? Also, are there any other coins that are commonly recognized as halal in the cryptocurrency space? Thank you for your insights.
