DAS trading bitcoin halal atau haram Malaysia Trader is an online broker providing tools and research for online trading of stocks, options, future and more. Providers will offer a list of live traders, . Apr 08, · As a payment network YES, Bitcoin is halal. In fact, Bitcoin goes beyond what more conventional closed banking networks offer. Bitcoin can be in ownership of a person and that person can decide what to do with that. Trading in some cases is not halal. When trade something that is not halal like buying goods that you know they are stolen. When the result of trading damages the Islamic society and you may know about it (Ayatollah Shirazi and his verdict against tobacco).
Trading bitcoin halalIs Bitcoin halal? Muslim scholars debate the cryptocurrency - Decrypt
Muslims make use of money, just like every other religious group. What causes haram in finance is if money is used in impermissible methods. Some of these impermissible methods include:.
Among all listed methods above, the issue of bitcoin trading being halal or haram relates to gaining money from odd sources gambling and exploiting money from others. Bitcoin is a cryptocurrency and a digital currency just like Gold. The fact that it is decentralized and not controlled makes a lot of people consider trading bitcoin as gambling. The price of bitcoin is volatile and fluctuates now and then.
This means its value is not static, and every time you buy bitcoin, there is a very high possibility of its price changing increasing or decreasing when you want to sell it; hence, you either gain or lose money. As a decentralized digital currency with limited supply, its value is determined by its users. Currently, not many people are well enlightened about how bitcoin and blockchain technology work, so a lot of people engaging in bitcoin trading are just speculators day traders who trade based on blind hope.
Speculative trading has to do with buying bitcoin with the expectation of a price increase, even though there is a risk of decrease. This means you put in money, watch the market waiting for the price to favor you, and then cash out. According to Islam, such a form of trading is prohibited as it has every characteristic of gambling activity. However, not all bitcoin trades are based on speculations.
You can trade bitcoin without a decision based on probability. That is if you do your homework before investing and not just throw in money blindly. Another aspect of bitcoin trading that raises a debate is the use of margins and leverages. Margin and leverage are different but still interconnected. With margins and leverages, you trade using a percentage of a position while controlling the entire position.
Trading using margins and leverages is not permissible in Islam because it involves making money with money that you do not own. According to Islam, bitcoin trading is considered more haram than halal though there is always the debate. What is essential to consider is whether your bitcoin trade is a gamble or an investment. It cra binary options Singapore is trading bitcoin halal atau haram Singapore important to avoid high volatility day when using this strategy.
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Compare brokers Reviews Binary. Asked 6 years, 5 months ago. Active 2 years, 8 months ago. Viewed 44k times. The fees may be composed of: Fees for exchange which are imposed by the currency. Fees for the website to keep the trading platform running. Sakib Arifin 3, 2 2 gold badges 13 13 silver badges 49 49 bronze badges. This is interesting. I've never heard about it before. I found the bit-coin forum. Active Oldest Votes. Yes, I believe that is what he is saying. How do you explain 5pillarsuk.
Bitcoin is a currency. You can trade any currency for any others and this is halal. Loghman Loghman 3 3 bronze badges. Amq Amq 1. Are you getting your salary in cash AFAIK what you describe applies for any other currency no matter if it is virtual or real! Featured on Meta. Swag is coming back! New Feature: Table Support.