Is Cryptocurrency Halal. In terms of cryptocurrencies there is a drift in the opinions of scholars Some say that they are Halal which means permissible On the contrary others consider it Haram or impermissible Even some scholars are neutral and feel that they need more time to think about the nature of cryptocurrencies to declare their decisions.
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Maulana Muhammad Ismail Sahab bayan about cryptocurrency trading Is cryptocurrency trading halal or haram in islam Maulana Muhammad ismail new paahto bayan.
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Experts Weigh In The increasing popularity of the Halal finance sector has many questioning whether cryptocurrency is Sharia approved Australian Halal loans experts Hejaz Financial Services.
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However cryptocurrency is an exception because it can be used to trade goods and services which are halal Since cryptocurrencies are not specific to any particular business they fall under this exception of Islam Cryptocurrency is currently the fastestgrowing industry in the world.
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In riba u lend money to someone and asks them to return it and also putting some n% interestBut here you put your money and get rewardsMyabe this can go like thisIf the exchange platform use our cryptosThey can’t use it to lend someone and to get interestBut they can trade with it and make some profits and they give some profit to youAnyway the staking is.
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Cryptocurrency is Halal if you are adhering to pious sharia laws for spending and using it in your daily life Halal cryptocurrency is like gold and silver as it fulfills the core requirement of the traditional monetary cycle Islam considers Gold (dinar) and Silver (dirham) as the purest form of currency circulation.
