Investing in Crypto currency

Submitted by user2 on Sat, 2023-02-11 07:10

Q: I wanted to know if Crypto Mining is halaal?

Are we allowed to invest in it? If we earn money from mining, is the money above what we invested halaal?

A: Our ulama have not allowed it.

Since the Ulama have not allowed it is best to avoid this. This will be counted as doubtful.

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Trade›Permissible and impermissible items of trade

Disclaimer: The answer hereby given is specifically based on the question asked and should be read together with the question asked. Muftionline.co.za bears no responsibility to any party who may or may not act on this answer. Muftionline.co.za being hereby exempted from loss or damage whatsoever caused. Should the question refer to a matter in dispute between two parties, this answer may not be used in the dispute in question by either party unless the question was jointly submitted by both parties with an acknowledgement by both parties that the question was correct and accurate. This answer may not be used as evidence in any court of Law without prior written consent from Muftionline.co.za.

This is the standard version of the site.