Is Crypto investment Haram?

[Jazbaati]

I will pray for you. Allah will give your hidayat.

Stop calling him a non-muslim indirectly. You should know that is a bigger sin than someone who is investing in a cryptocurrency.

 

[skinnylizard]

i suggest you REEF FINANCE. much better much cheaper n real project. invest in this project for longterm. u will be happy

REEF is a part of the POLKA ecosystem :)

 

[Mujahid Ali Awan]

absolutely not!

stop giving idiotic fatwas

 

[Diesel]

REEF is a part of the POLKA ecosystem :)

Reef much better than Doge. keep in mind Dogecoin pumped already a lot.

 

[Hate_Nooras]

I would recommend you to give that time to your family and to yourself. I sound funny but that is the only advice I could give you. A few years ago, I used to work for financial institutions and developed software for terminals used by one of the top financial institutions. I analyzed the whole system and came out of that quagmire before it could hurt me. Since then, I thank Allah every day for helping me. Now I look back, I am a happy person financially, morally, and ethically. People will not understand my story but I could only advise. We are all adults and are responsible for our own deeds.

Please be discrete when advising other people about financial instruments that you don't understand. You may hurt them for no reason.

In your view haraam or halal?

 

[kakamuna420]

In your view haraam or halal?

Read this paper
https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-3-issue-8/01-04.pdf

 

[Truthstands]

never invest in dogecoin. its a shit coin. u can loose your money

80% Dogecoin own by 300 rich peoples, just one person own 27% of it. He can manipulate the market quite easily.
Todays world, everything is based on speculation.
I have work for Investment banks, future bank and CME Chicago merchantile exchange for commodities trade and found everything this based on speculation and works like gambling. Gold prices are also on speculation now.
Hidden trades,price fixing gangs, paid article to let people to invest and make money for supper rich.
Every currency business is not permitted in Islam until it's tide with Gold or equivalent commodities which physically exits at the time of trade. But today no currency in the world equivalent to Gold or commodities.

 

[Diesel]

80% Dogecoin own by 300 rich peoples, just one person own 27% of it. He can manipulate the market quite easily.
Todays world, everything is based on speculation.
I have work for Investment banks, future bank and CME Chicago merchantile exchange for commodities trade and found everything this based on speculation and works like gambling. Gold prices are also on speculation now.
Hidden trades,price fixing gangs, paid article to let people to invest and make money for supper rich.
Every currency business is not permitted in Islam until it's tide with Gold or equivalent commodities which physically exits at the time of trade. But today no currency in the world equivalent to Gold or commodities.

this is fun until the party end

 

[waqqaskhan]

So few cryptos like Dodgecoin etc lately became popular, some of you who follow cryptos would know all about how Elon Musk and SNL live were creating all the hype. I bought some too :) but now someone in family said that they are not halal and few who disagree with this being haram said that our maulvis know jack shit about cryptos and its easy for them to declare everything haram so its allowed.

What do you guys think? Is it permissible ?

One of the best answer
Please brother use better words when referring to someone this is the teaching of our Prophet SAW

 

[There is only 1]

کرپٹو کرنسی حرام ہے
جب بھی آپ کوئی پیسہ کمائیں تو ایک بات ذہن میں رکھیں
کہ جس سے آپ منافع وصول کر رہے ہیں اس کا کوئی کام بھی بدلے میں کیا ؟
کرپٹو کرنسی میں ایسا کچھ نہیں ہوتا ، آپ اصل میں ان لوگوں کا پیسہ منافعے میں لے رہے ہوتے ہیں جو آپ کے بعد کرپٹو میں انویسٹ کر رہے ہوں
یا پھر کچھ لوگوں کے حرام مال کو اپنے حلال مال سے چھپانے کا معاوضہ ​

 

[usman1278]

mulla knows londa bazi is haram but they doing it

Mullah knows your abba cant satisfy your mama but still nikah parwah dia

 

[Diesel]

Mullah knows your abba cant satisfy your mama but still nikah parwah dia

londa bazi in mulla community is common, either u like or dislike but this is fact

 

[kayawish]

why not earn $10k-$15k a month only from call of duty warzone like i am ? only one time $10k investment and u recover your money in one month.If anyone know about Damascus , DM ultra weapon camos on Warzone ?

 

[Awan S]

I would recommend you to give that time to your family and to yourself. I sound funny but that is the only advice I could give you. A few years ago, I used to work for financial institutions and developed software for terminals used by one of the top financial institutions. I analyzed the whole system and came out of that quagmire before it could hurt me. Since then, I thank Allah every day for helping me. Now I look back, I am a happy person financially, morally, and ethically. People will not understand my story but I could only advise. We are all adults and are responsible for our own deeds.

Please be discrete when advising other people about financial instruments that you don't understand. You may hurt them for no reason.

My friend you are looking things by your own prospective. We are stuck at home for 6 months due to extreme cold, nothing to do but do stock as hobby. In summer lot of outdoor activities therefore family time is more. We swim, we boat, we drive long distance to across the border to see places in summer which is very short. In winter we sit with family but tons of time. I do understand stock, my portfolio is spread out and I don't do day trading but investment. You have to monitor investment daily just like kids play games on computer . I watch once or twice what trend is going. This cannot be Jua but giving time to earn money. We don't have any outside socialisation. How much you will talk to family every day?

 

[Awan S]

Do anyone has knowledge of ETCG (Grayscale Etherium Classic. It is $56.89 dollar a share and people recommend and its curve mainly upward but I will monitor few more days to watch trend.
kakamuna420
taban
Diesel
skinnylizard
Will_Bite

 

[Diesel]

Do anyone has knowledge of ETCG (Grayscale Etherium Classic. It is $56.89 dollar a share and people recommend and its curve mainly upward but I will monitor few more days to watch trend.
kakamuna420
taban
Diesel
skinnylizard
Will_Bite

INVEST IN ICP COIN. YOU WILL BE RICH WITHIN 2 YEARS MX

 

[Awan S]

INVEST IN ICP COIN. YOU WILL BE RICH WITHIN 2 YEARS MX

I don't want to be rich, want to just earn some dollar against my time which I spend on research. Mazdor ko mazduri chahie bare logon ki tarah bare khwab nahi hein

 

[Diesel]

I don't want to be rich, want to just earn some dollar against my time which I spend on research. Mazdor ko mazduri chahie bare logon ki tarah bare khwab nahi hein

SIRF 4 MONTHS ICP COIN HOLD KARO. ACHA PROFIT MILE GA

 

[Awan S]

INVEST IN ICP COIN. YOU WILL BE RICH WITHIN 2 YEARS MX

Not enough data available for these currencies to analyse its financial health, earning per share P/E, It is new and many places zero entered to fill in blank. I don't have much home work on these currencies. Just saw this topic and trying to learn from you guys.

 

[Diesel]

Not enough data available for these currencies to analyse its financial health, earning per share P/E, It is new and many places zero entered to fill in blank. I don't have much home work on these currencies. Just saw this topic and trying to learn from you guys.

DONT WORRY. I SUGGEST YOU THIS COIN.. YOU WILL NOT LOOSE.. THE REST YOU ARE FREE IN YOUR CHOICE