Published 1 year ago
Last updated 1 year ago
Q: I want to ask you about the permissibility of trading, in crypto currencies, normal currencies and trading in stocks, in Islam.
A: Our ulama have not approved of trading in crypto currencies.
If the currencies are sold on the spot and possession is taken then it is permissible.
We strongly discourage trading in the stock market due to the discrepancies in the dealings of many companies.
And Allah Ta'ala (الله تعالى) knows best.
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