SumoPowerful
Sun Jul 07 2024
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6 answers
1294
Is cryptocurrency sharia-compliant?
As a financial practitioner with an interest in cryptocurrency, I often encounter inquiries regarding its compatibility with religious principles, particularly in relation to Sharia law. Could you elaborate on the key considerations and perspectives that determine whether a <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> is deemed sharia-compliant? Are there specific features or practices that make a cryptocurrency more or less compliant with Sharia? Understanding this intersection is crucial for investors and users seeking to align their financial decisions with religious beliefs.
Lucia
Sat Jun 08 2024
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5 answers
1157
Is Coinbase halal or haram?｜Coinbase core business activity (avoid haram such as gambling etc). Coinbase principally is an exchange where investors can buy and sell crypto. This in and of itself is totally fine but an issue arises when the assets being sold are impermissible.The primary business activity of a business has to be sharia-compliant
Could you please elaborate on whether Coinbase is halal or haram? It's understood that Coinbase primarily functions as an exchange platform for investors to buy and sell cryptocurrencies. This aspect seems acceptable, but concerns arise when considering the nature of the assets being traded. Could you clarify if Coinbase's core business activities align with Sharia law, particularly in avoiding impermissible activities like gambling?
Riccardo
Fri Jun 07 2024
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5 answers
972
Is it halal to invest in Netflix?｜We at IFG take the view that as it likely has more than 5% of its revenue from haram sources. A summary of our analysis. The business – use your judgment but we think best avoided.Netflix stock is not sharia-compliant
Could you elaborate on why you believe investing in Netflix is not considered halal? Your statement mentioned that Netflix likely generates more than 5% of its revenue from haram sources. Could you provide examples of these haram sources or explain the criteria you use to determine if a source is haram? Additionally, is there a specific percentage threshold that you consider as the dividing line between halal and haram investments? Finally, how does your organization, IFG, generally approach evaluating the halal status of investment opportunities?
InfinityRider
Fri Jun 07 2024
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5 answers
823
Is Netflix a halal stock?｜Conclusion. We at IFG take the view that as it likely has more than 5% of its revenue from haram sources. Netflix stock is not sharia-compliant
Could you elaborate on why Netflix is considered a non-sharia-compliant stock? I'm interested in understanding the basis for this conclusion, specifically the criteria that determine if a stock is halal or not. Given that Netflix generates more than 5% of its revenue from what are considered 'haram' sources, could you explain what these sources might be? And how does this affect the sharia compliance of the stock? Thank you for clarifying this matter.
