Are there any restrictions on crypto spot trading in relation to halal and haram?

1 answers

• Dec 26, 2021 · 3 years ago
  As a representative of BYDFi, I can provide some insights into the restrictions on crypto spot trading in relation to halal and haram. In Islamic finance, the permissibility of crypto spot trading is a topic of debate among scholars. While some argue that it is haram due to its speculative nature and lack of intrinsic value, others believe that it can be considered halal if certain conditions are met. These conditions include trading in a transparent and fair manner, avoiding interest-based transactions, and ensuring that the underlying assets are not haram. However, it is important for individuals to consult with knowledgeable scholars or experts in Islamic finance to make informed decisions regarding crypto spot trading.
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