KDramaCharm
Fri Jun 07 2024
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7 answers
1399
Is cryptocurrency halal?｜. 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 elaborate on the Islamic perspective regarding the halal status of cryptocurrency? Given its inherent speculative nature, which is akin to gambling, and the involvement of uncertainty and risk, how does it conflict with Islamic principles that emphasize risk-sharing and avoidance of speculation? Additionally, could you clarify why trading futures in cryptocurrency is generally deemed haram in Islamic finance?
