Are cryptocurrencies, forex and CFDs halal?

In this The Halal Money Show segment, we look at crypto, forex and other similar investments to see whether they are halal.





The series is sponsored by Wayhome

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[AndrewSteve-zvfm]

You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires.
I pray that anyone who reads this will be successful in life

[hafizabubakaronlinequrante]

I invite everyone to listen to the holy Quran

[RoamingRout]

Dear brother, thank you for the detailed information but my question is if only a tangible product is halal for trading, what about purchasing software and buying software licensing? Thanks

[gofigureYT]

Always be DYOR ( Do-your-own-research) from legit sources if not your merely just a gambler. So thats important for any investment and one must be aware of risks & aims. once you find certain crypto's projects that not related to lending/interests then it may be permissible but not haram. most of projects should be counted by results of performances not by hypes or their wishes-list. again always research & reminds of yourself of mission either ( short or long term). all the best

[MuhammadIrtiza-grhc]

@islamic channel please try to remove the music from the background

[hazemnemr]

I'm an Egyptian living in Bali for a bit over a year now and things are not going so well for me financially and I'm looking for a way because i have had no income at all for a few months now and I'm really stuck

[Wjannah]

i have a question that i do forex on prop firms and i have a small real account but i follow strict risk management such as no more trading after achieving 15 dollars a day, making up to 2% or a little more monthly which is also really good for a trader, so does that mean that its not haram until and unless you follow risk management and risk the money that you dont need and is almost like money you can risk, not risking so much money that leads you to mental illnesses etc ( such as risking life savings or risking loan from the bank ). is it okay in this case because im really worried about my akhirah and i dont want to risk of my akhirah for this duniya.

[abemi]

Crypto is really revolutionary in terms of their individual white papers. I'm glad you’ve researched more and came to an updated conclusion. Thanks mate.

[infotreetv]

What do you know about forexspot? I am not asking about CFD, please tell me about forex spot and A BOOK broker and B book broker and there relationship with liquidity provider, do you have knowledge on that ? So please share because some people clam that if we do forex with A BOOK broker we actually deal with liquidity provider, liquidity provider means big banks, institutes and market maker, so as people say it's gambling we don't own anything, people say it's not with forex spot and A book borker, because we actually buy currancy through broker please light on this matter

[lifehack-iynf]

What about if we use islamic account which have swap free account and the same spread rate as the main one in forex so we can reduce the interst

[smfempire]

Hello Sir. I have a question is SPOT trading on binance and other exchanges is halal or haraam ?

[mustaqimkhan]

It is also possible to use leverage and derivatives while trading in crypto. So does it make the crypto impermissible?

[mohammedalhosni]

Hi, so can i trade crypto or is crypto halal to trade?

[shams]

Sir can you tell me that the crypto mining is halal in pi app ???

[talk_crypto]

Is there any space for any sort of futures trading in islam?

[kharismiburhanudin]

Summary, Cfd and option haram due to leverage/derivative....only permissible if trades in pure stock(no leverage/derivatives) of halal company..forex/bitcoin halal if not includes leverage/derivatives

[arshadsbk]

Is XAUUSD intraday trading halal or haram? Some people consider the fact that gold was a medium of exchange for centuries and consider trading XAUUSD halal. Please could you help me out on this

[muhannadtheclassicboymusta]

This is my first time seeing this and the way I wanted to learn it 😅

[jaalecumar]

You will come back after 5 years and you gonna be like I'm sorry I let the people who full knowledge talk about this kind of sensitive topics I'm assuming that you are not a trader.

[mecuniverse]

Brother got paid from BTC or others to mess a haram thing to halal.Very good muslim idea!