Ilaria
Sun Jun 09 2024
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6 answers
1374
Is binance halal or haram?｜"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 clarify for me? Is Binance considered halal or haram? I've heard that generally, buying, selling, or holding cryptocurrencies as assets is halal. However, regarding Binance or any other crypto exchange, does margin trading, futures, staking, DeFi staking, earn services, loans, dual investments, and borrowing all fall under the category of haram? Furthermore, does Binance, specifically, offer halal options even for normal staking, or does it only provide halal services for spot trading? I'm trying to understand the religious implications of using Binance and other crypto exchanges. Thank you for your assistance.
charlotte_wilson_coder
Sat Jun 08 2024
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5 answers
971
Is crypto halal in Dubai?
Could you please clarify for me the legality of cryptocurrencies in Dubai? I've heard conflicting opinions about whether or not they are considered halal. Some people say that since they are decentralized and not controlled by any central authority, they might be considered permissible. However, others argue that their volatile nature and potential for misuse make them unacceptable. Could you shed some light on this matter? Is there a clear-cut ruling on the halal status of cryptocurrencies in Dubai? If so, could you provide me with a reference or source of information to further understand this? Thank you for your assistance in clarifying this matter.
Dario
Sat Jun 08 2024
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7 answers
1219
Which crypto is halal?｜): The pioneer cryptocurrency, widely accepted and considered halal by many scholars.Bitcoin (BTC
Could you please elaborate on which cryptocurrency is considered halal by scholars? Is it Bitcoin specifically, or are there other cryptocurrencies that fall into this category? And why is Bitcoin widely accepted as halal? Are there any specific characteristics or principles that make it compliant with halal standards? Additionally, how do scholars determine whether a cryptocurrency is halal or not? Is there a set of criteria or guidelines they follow? It would be helpful to have a clearer understanding of this topic.
Chiara
Sat Jun 08 2024
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5 answers
747
Is PayPal stock halal?｜Since the revenue from such non-permissible activity exceeds 5% of total revenue, Paypal Holdings Inc is .not Shariah compliant
Could you please elaborate on the concept of whether PayPal stock is considered halal or not? I've read that PayPal Holdings Inc. is not Shariah compliant due to the fact that revenue generated from non-permissible activities exceeds 5% of their total revenue. Could you explain what this means in greater detail? What exactly constitutes a non-permissible activity in this context? And how does this determination impact investors who adhere to Shariah principles? I'm interested in understanding the implications of this ruling for those seeking halal investment options.
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?
