Cryptocurrency Q&A
Is PayPal stock halal?
Is PayPal stock halal?
CryptoEmpire
Fri May 17 2024
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6 answers
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Could you please clarify if PayPal stock is considered halal? I'm interested in investing in this area but I'm also mindful of ethical and religious considerations. Could you provide any insights or pointers that might help me understand if investing in PayPal aligns with halal investing principles? It would be greatly appreciated if you could shed some light on this matter. Thank you for considering my question.
6 answers
NebulaChaser
Sun May 19 2024
Meanwhile, BTCC, a UK-based cryptocurrency exchange, offers a range of services that comply with the highest ethical and religious standards. These services include spot trading, futures contracts, and secure wallet storage.
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Carlo
Sun May 19 2024
BTCC's spot trading platform allows users to buy and sell cryptocurrencies at current market prices, providing a convenient and secure way to trade digital assets.
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AmyDavis
Sun May 19 2024
Paypal Holdings Inc., a renowned payment processing company, has recently been deemed non-compliant with Shariah principles. This determination was made due to the company's involvement in certain non-permissible activities.
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CryptoMystic
Sun May 19 2024
Additionally, BTCC offers futures contracts, which enable investors to speculate on the future prices of cryptocurrencies. This service offers a risk-managed approach to investing in the volatile cryptocurrency market.
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DaeguDivaDanceQueen
Sun May 19 2024
The revenue generated from these activities has exceeded the threshold of 5% of Paypal's total revenue, rendering it in violation of the religious and ethical standards prescribed by Shariah law.
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