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Forums Forums Islamic Sharia Meme Crypto Tokens (Investment Based On Speculation)

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  • Meme Crypto Tokens (Investment Based On Speculation)

    Posted by Muhammad Talha on November 18, 2024 at 6:14 am

    The current position of the crypto market right now is that everybody is investing in meme coins based on a speculation that they might hit a certain value next year. Is investing in the coin based on this speculation since it comes with a lot of uncertainty halal? Example ; I buy the coin for X amount today hoping it will be 100X by next year but I don’t lose anything since it will either go up or stay the same amount.

    Dr. Irfan Shahzad replied 2 weeks, 4 days ago 2 Members · 1 Reply
  • 1 Reply
  • Meme Crypto Tokens (Investment Based On Speculation)

  • Dr. Irfan Shahzad

    Scholar November 20, 2024 at 12:58 am

    Uncertainty is always there in every business. The element of risk does not make a trade haram. We tell only about halal and haram, now it is a matter of practical wisdom to decide whether or not to invest in a business.

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