Is It Permissible To Invest In Bitcoin & Use Other Cryptocurrencies? | Shaykh Abu Eesa | Faith IQ




Cryptocurrencies have become a real hit recently. Are they permissible to invest in? What must we look into about …


18 Comments

  1. No explanation as to why it's Halal and why bitcoin/cryptos doesn’t violate Shariah. Further, it was implied that modern day currency is backed by real assets which is false.

  2. The cyrptô market has been unstable. People ask themselves if this is the right time to invest? before jumping into conclusion i think you should take a look at things first. BTC price fall means analysts remain divided over whether it is entering a bear market or is just suffering a brief correction on the road to more record highs. Investors who bought early are still in profit despite the recent price crash and they also earn by tradling. I'm still an investor but still I'm winning by applying the same method in every trad e, you can also become a winner today. We should follow the way of earning more regardless of the current market (bulls or bears), which is trading. Buy the Dip and Trade…I have made over 3 btc profits not just by buying the dip but implementing tradess with s! gnals supllied by Justina. For inquries into a profitable system you can easily get to Justina on Telegram [@justinz3]

  3. Pls if u don’t have good knowledge on Islamic finances don’t give such opinions , it will create division society . Crypto currency doesn’t meet many criteria of sharia . Such a gharar (uncertainty) there is many other factors . This is just one

  4. He is grossly and spectacularly off the mark on this one, and with all due respect. This is Dajjalic currency, with the eventual aim of enslaving mankind even further than could ever be achieved by the fake fiat riba-based paper currency we are currently engulfed in. Islamic currency is Gold, Silver, wheat, and barley- all of which can be referenced in the Qur'an and Hadith, and was used in Al-Madinah at the time of Al-Nabi Muhamamad (SAW). The very definition of trade in Islam is an exchange of one item of value for another item of value with mutual consent between both parties. Gold and silver have intrinsic, OBJECTIVE value, and are in the exact right quantity on Earth to make it the perfect currency for Mankind to use. The value of it cannot be manipulated by the likes of Zionist Shayateen, as it's defined and set by Allah (SWT) by its weight and purity. Gold can be used for ornamental purposes, it can be used to store value, as it cannot rust away like other metals. It is easily malleable as it can change shape easily unlike other metals. It has amazing conductive properties, hence its use in circuit boards etc. It isn't so plentiful like sand, that it would be considered worthless, nor so rare like diamonds that would render it impractical for the purposes of currency, as there wouldn't be enough to go around. The amount of gold on the ground and the rate of excavation/mining of gold from beneath the ground are exactly equivalent and proportional to the rate of human population growth! In this are signs of the Wisdom of our Creator. In contrast to this, what intrinsic, Objective value does Crypto (backed by no solid asset) have??? Its value is nothing but subjective based on speculation (not allowed). Who has ever physically held or seen a crypto currency coin?? What can its owner use it for other than for speculative trading?? Can it be used for anything else useful/beneficial like these Shari'ee currency can?? Why do you think the likes of the IRS, Bank of England, and the Federal Reserve (the heads of Shaytaan) are allowing this currency to function and work in society alongside their fiat currency, when if anyone were to even attempt to introduce gold and silver back into the system, would be taken out before they could even take their next breath (i.e. Khadafi (as bad as he was) anouncing that he would sell his oil in Gold, and the subsequent war that ensued in Lybia to take him out). The start of crypto was from an unknown source (most likely Iblees himself). The people who run the Federal reserve knew that if they were to introduce digital currency from their end, it would be flat out rejected by the people as they would see right through their intentions. Instead, like pawns on a chessboard, they planted bitcoin as the first domino to fall, and the rest followed, and people/minions have been hoodwinked to think they are in control of it and have authored it into the system as a counter against the 'fat cats' when in reality they keep on looking at us like mice going through a maze they designed and are enticing for us to go to the destination they desire. For those of you who have read this far, mark my following words: Eventually, the Federal Reserve, Bank of England, and the governments will eventually get involved (likely after the crash of the US dollar), and say "These cryptocurrencies are way too volatile, and we have to bring a control to it all, and so you can only use Brit Coin, Ameri Coin, Euro coin etc. as legal digital tender, and all other crypto are illegal). Then all of those 'Islamic experts' would have scratched their heads thinking, how could we not see this coming, and how wrong we were to encourage our fellow brothers and sisters to make such a blunder. And it would be by then too late. Allahummma Balaght.

  5. It is HARAM…very clear… to be halal it needs to meet certain condition…is it used amongst people (it should be majority), can we physically hold it…and what is its source…and many others…so please do not take fatwa from those who should not give ruling on Islamic finance…it is HARAm

  6. Asalamu `Alaykum,

    I was wondering if you would consider Forex trading halaal? I've been hearing differing views and would like some clarification. Thank you! Btw this initiative is proper dope.

  7. Im Sorry , maybe i missunderstood something, but isnt cryptocurrency something like gambling? U invest ur money and hope that the value rises over time.. Whats the difference then between gambling and investing in cryptcurrency? Thank u

  8. I've come account this list to avoid:

    1. Wabi has alcohol in their business model

    2. Trx involves gambling

    3. FUN involves gambling

    4. Salt offers blockcain based loans based on interest.

    5. Populouse deals with interest s and loans

    6. Electroneum deals with online gambling and gaming

    7. SwissBorg Bank includes Banking Licence and Loans in roadmap

    8. Fortuna: A platform for OTC derivatives market.

    9. Sentinel-Chain: Loans & banking services.

    10. EximChain: Supply chain platform that also provide loans at interest. (Unless Corrected)

    11. Dragon Coin: involved with Casino's / Gambling

    12. BCPT – Interest / financing

    13. Edgeless – Etherium based casino

    14. RCN- credit market / signs of poss interest based

  9. No, it's rather haram. Look up Imran Hosein, he's an Islamic scholar and specialist in akheer al-zamaan and he studied economics. He is a person who really knows what he is talking about when he says bitcoin is haram. From both an Islamic and economic perspective.

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