Bitcoin/crypto currency and Islam |
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Mughees
Groupie Male Islam Joined: 05 April 2024 Location: Pakistan Status: Offline Points: 78 |
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Posted: 25 April 2024 at 6:30am |
Crypotcurrencies operate in a largeely unregulated environment, which can lead to concerns about fraud and exploitation. This lack of transparency can be seen as problematic from an Islamic perspective. Cryptocurrencies are sometimes used for illegal activities such as money laundering and other goods. This association with unlawful activities rasie concerns about their permissibility. If the use of cryptocurrencies causes harm to individuals or society, this could against the principles of Islam. The permissibility of using cryptocurrencies depend on how they are used and whether they align with Islamic principles. We should seek advice from various Islamic scholars who is knoweldgeable about both Islamic finance and the specifics of cryptocurrency before making any decisions.
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wertyhas
Starter. Male Islam Joined: 09 August 2021 Location: Canada Status: Offline Points: 7 |
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Yeah, the crypto market has been a rollercoaster lately, but don't lose hope, bro! It's all about those ups and downs, right? Just like any investment, it has its risks
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Abdulrashidbala
Starter. Male Islam Joined: 19 April 2023 Location: Seattle Status: Offline Points: 1 |
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Just like any investment, it has its risks. But hey, have you checked out fbs trading account? They can be a game-changer! I've been using fbs.com/site/web-trader for my crypto trades, and it's been smooth sailing. You can stay in control and make moves on the go, no stress. Don't let the recent market dip get you down, man. Keep an eye on the trends, do your research, and stay patient. Crypto's got that bounce-back potential!
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Overslept
Starter. Male islam Joined: 30 August 2022 Location: usa Status: Offline Points: 8 |
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I think it's not a good idea to invest in transportation during the pandemic.
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floppyhera
Starter. Muslim Joined: 24 October 2022 Location: Canada Status: Offline Points: 1 |
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Now bitcoin is also going through a crisis, and it has continued to fall in price for almost a year. In this way, we can say that the cryptocurrency market has lost weight in the global economy and will probably be able to restore it because many investors have already left this project, taking millions of dollars with them.
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wadiihindu
Starter. canada Joined: 01 September 2022 Location: canada Status: Offline Points: 2 |
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I don't think religion can forbid the use of currency. When Islam was invented, no one would have thought that digital currencies would appear. Most importantly, you spend the income from crypto on good things. I tried to trade cryptocurrency many times but was afraid of taking risks. So I decided to invest crypto as a deposit. On this website https://hodlrate.com/, I found platforms that offer high interest for crypto. This is the most reliable way to earn money on cryptocurrency.
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wertyhas
Starter. Male Islam Joined: 09 August 2021 Location: Canada Status: Offline Points: 7 |
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All digital currencies using a Proof of Stake algorithm are forbidden.
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Overslept
Starter. Male islam Joined: 30 August 2022 Location: usa Status: Offline Points: 8 |
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Now bitcoin is also going through a crisis, and it has continued to fall in price for almost a year. In this way, we can say that the cryptocurrency market has lost weight in the global economy and will probably be able to restore it because many investors have already left this project, taking millions of dollars with them. I was lucky that I managed to sell my bitcoins for 60k apiece, and now I plan to increase my capital. And to do this effectively, I'm thinking of hiring a certified financial planner who will tell me where to invest my money and how to work with them.
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