Trade

Q: I invested in cryptocurrency last year. What is the Islamic ruling regarding cryptocurrencies? If it is not permissible, what should I do with it?

Q: The question is regarding online stock trading. To understand below are the few details:

CNC (Cash and Carry): Delivery trade using CNC with no leverage. Once bought, shares will get delivered to your demat account and if sold, shares will get debited from your demat account.

MIS (Margin Intraday Square off): Intraday trade using MIS for additional leverage between 9:15 AM and 3:20 PM. All open MIS positions get squared off at 3:20 PM.

The Question is regarding CNC and MIS. MIS is Haraam as the stocks will be squared off by the broker if not sold on the same day.

Regarding CNC I want to make it clear. When we buy the stocks via CNC The stocks will be confirmed like a bill generation and we get the right to sell it in the next minute and also if we want we can keep the stock for selling it later. Please let me know, whether we can do this delivery based trading or not? the complete rights are given to sell to buyer.

Q: A certain man, who is known for corruption and dishonesty, has a shop. Can I buy anything from his shop?

Q: Is it permissible to earn a living as a nasheed artist? One will get paid to sing at shows, etc.

Q:

1. Hermes is a fashion brand and its name was taken from a Greek figure. However, the bags do not have the Greek symbol for Hermes. Is it permissible to sell the bags anyway? What I mean with Greek figure is Greek 'god' (their words, not mine).

What about selling Louis Vuitton bags or Jordan Sneakers. Their name doesn't represent a 'god'. Just a person. 

2. My second question is about day trading. First of all, is day trading stocks (non-haram businesses) permissible. And what about day trading crypto. So, trading ARK for BTC. Both are cryptocurrencies. Is this trade a form of riba because it seems like it is a 'gold for gold' trade (both cryptocurrencies, but they have different values and meanings).

3. You said that investing in halal companies is permissible, however the interest that they are involved in is totally forbidden. But does that make my earnings forbidden (and does it come in the category of 'witnessing riba')? 

Q: Is growing tobacco halaal or haraam in Islam? Will the income received from selling tobacco plants be halaal or haraam?

Q: If a Muslim taxi driver bought his taxi through a bank loan, will his income be halaal?

Q: I have read somewhere that it is better to avoid wearing Nike, because it symbolizes a 'Greek mythical figure' (if you know what I mean). But what about selling the shoes.  Because Nike and Jordan are amongst the best selling shoes.

Q: Is day trading in cryptocurrencies halal? Day trading basically means buying and selling your shares within a day. Note, I have knowledge concerning this subject and for me it is not like gambling. What I do (and almost everyone else does) is checking the chart and based on the chart's movements, I make a decision whether or not it could be a good trade. However, what made me doubt the legitimacy was gharar and maysir. I have done so much research about these terms and it still remains kind of unclear whether it is a form of gharar and/or maysir.

Q: Is it haraam to use apps such as watch 2 earn and gift wallet which give you money for watching videos?