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  • Trading Crypto Currency

    Posted by Shahzad Hasan on April 25, 2021 at 8:52 am

    I know Ghamidi sahb has clarified the basic rule for any trade but I really want to know that if crypto is halal or haram with all their aspects in advance level. If some scholar or moderator who are aware of the process could explain it.

    Faisal Haroon replied 3 years, 7 months ago 2 Members · 1 Reply
  • 1 Reply
  • Trading Crypto Currency

    Faisal Haroon updated 3 years, 7 months ago 2 Members · 1 Reply
  • Faisal Haroon

    Moderator April 25, 2021 at 9:45 am

    In principle, all kinds of trade are halal unless there’s an element of immorality or injustice in them. According to my knowledge of the financial markets, cryptocurrency trading doesn’t inherently have these two elements. That said, people gamble over many different kinds of halal activities – it doesn’t deem those activities as inherently haram.

    According to Ghamidi sahab the prohibited aspect of a trade has to be gauged by the parties involved in the trade itself, or sometimes the state if the impact can be at the level of the society.

    https://youtu.be/vVXQGwCQe-Y

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