Nicolo
Sat Jun 08 2024
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5 answers
1202
Is Bitcoin halal or haram?｜. This is due to its speculative nature, likened to gambling, and the involvement of uncertainty and risk, which contradict Islamic principles emphasizing risk-sharing and avoiding speculation.Trading futures in cryptocurrency is generally considered haram in Islamic finance
Could you please elaborate on whether Bitcoin is considered halal or haram? I understand it's speculated to be akin to gambling, given the inherent uncertainties and risks involved. Given that Islamic finance principles emphasize risk-sharing and avoiding speculation, how does this factor into the determination? Furthermore, would trading futures in cryptocurrency specifically be considered haram in the context of Islamic finance? Could you explain the reasons behind this categorization?
Michele
Sat Jun 08 2024
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7 answers
1739
Is forex allowed in Islam?｜In Islamic finance, spot forex trading, involving the immediate exchange of currencies, is .generally considered permissible as long as it adheres to the principles of avoiding interest (riba) and ensuring immediate settlement
Could you please elaborate on whether forex trading is permissible in Islam? In Islamic finance, how is spot forex trading generally viewed? Is it considered acceptable as long as it avoids riba and ensures prompt settlement? What are the specific principles that forex trading must adhere to in order to be compliant with Islamic finance?
CherryBlossomFalling
Fri Jun 07 2024
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5 answers
1064
Is Bitcoin stock halal or haram?｜. This is due to its speculative nature, likened to gambling, and the involvement of uncertainty and risk, which contradicts Islamic principles emphasizing risk-sharing and avoiding speculation. Trading futures in cryptocurrency is generally considered haram in Islamic finance
Could you kindly explain whether Bitcoin stock is deemed halal or haram according to Islamic principles? It seems to have a speculative nature that compares to gambling, involving uncertainty and risk, which might conflict with the Islamic emphasis on risk-sharing and avoiding speculation. Additionally, would you agree that trading futures in cryptocurrency is generally considered haram in Islamic finance? I'm seeking clarity on these matters to ensure my financial decisions align with my religious beliefs. Thank you for your assistance.
Stefano
Fri Jun 07 2024
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6 answers
1384
Is crypto halal in Saudi Arabia?｜In a groundbreaking development, . This recognition opens new doors for the integration of cryptocurrency into Islamic finance, aligning digital currency investments with Sharia principles.Bitcoin has been recognized as halal under Islamic law in Saudi Arabia
Could you please elaborate on the recent recognition of Bitcoin as halal under Islamic law in Saudi Arabia? How does this groundbreaking development pave new ways for the integration of cryptocurrency into Islamic finance? And how does it align digital currency investments with Sharia principles? What are the potential implications of this recognition for the crypto industry in Saudi Arabia and beyond?
Pietro
Fri Jun 07 2024
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7 answers
979
Is USDT halal in Islam?｜As with any investment, whether USDT investment is halal or not depends on the specific circumstances of the investment and the underlying assets or activities involved. In general, there are some key principles in Islamic finance that must be followed to ensure an investment is considered halal.
Could you please elaborate on whether USDT is considered halal in Islam? I understand that investments, including USDT, are evaluated based on the specific details of the investment and the underlying assets or activities involved. However, could you provide further clarification on the key principles of Islamic finance that must be adhered to for an investment to be deemed halal? This would greatly assist me in understanding the Islamic perspective on USDT investments. Thank you.
