mia_rose_lawyer
Mon Jun 10 2024
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7 answers
1336
Is crypto halal or haram in Saudi Arabia?
Could you please clarify for me the status of cryptocurrency in Saudi Arabia? Is it considered halal, meaning permissible and acceptable according to Islamic law, or is it haram, indicating that it is forbidden and unacceptable? Given the Kingdom's strict religious observance, I'm curious about how the Saudi authorities view this emerging form of digital asset. Could you provide some insight into the legal and religious perspectives surrounding cryptocurrency in Saudi Arabia?
KimchiQueenCharm
Sun Jun 09 2024
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7 answers
1614
Is leverage in binance haram?
Could you please clarify for me if leverage trading on Binance is considered Haram in Islamic finance? I've heard some conflicting opinions and would like to understand the position more clearly. Could you explain the Islamic perspective on leverage trading, and specifically how it applies to Binance? Would it be permissible for Muslims to engage in leveraged trading on this platform, or does it violate Islamic principles?
DigitalDragon
Fri Jun 07 2024
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6 answers
1545
Is Binance allowed in Islam?｜"Crypto in general is halah to buy, sell or keep as an asset, but for binance (or any other exchange) , so margin trading, futures, staking, defi staking, earn services, loans, dual investments, borrowing ALL are Haram, and binance in particular even for normal staking gives you the rewards + ...only spot trading is halal
Could you please clarify the Islamic perspective on Binance? Is it permissible to use Binance for cryptocurrency transactions? It seems that crypto, in general, is considered halal for buying, selling, or keeping as an asset. However, are there any specific aspects of Binance or other exchanges that are deemed Haram, such as margin trading, futures, staking, DeFi staking, earn services, loans, dual investments, or borrowing? Is Binance's normal staking also Haram due to the rewards it offers? In conclusion, would only spot trading be considered halal on Binance?
GangnamGlamourQueen
Fri Jun 07 2024
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5 answers
896
Is it Haram to use Binance?｜Crypto in general is halah to buy, sell or keep as an asset, but for binance (or any other exchange) , so margin trading, futures, staking, defi staking, earn services, loans, dual investments, borrowing ALL are Haram, and binance in particular even for normal staking gives you the rewards + ...only spot trading is halal
Is it considered Haram to utilize Binance for cryptocurrency transactions? I've heard that generally, buying, selling, or holding crypto as an asset is permissible, but I'm not sure about Binance specifically. Do activities like margin trading, futures, staking, Defi staking, earn services, loans, dual investments, and borrowing fall under the category of Haram? Also, I've heard that even normal staking on Binance is not completely halal as it offers additional rewards. Is spot trading the only permissible activity on Binance? I'd appreciate some clarity on this matter.
Giuseppe
Thu Jun 06 2024
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5 answers
1286
Is binance haram?
Could you please clarify for me whether Binance is considered Haram or not? I've heard some conflicting opinions on this matter and I'm not quite sure how to interpret them. Given that Binance is a leading cryptocurrency exchange platform, it's crucial for me to understand its ethical and religious implications. Could you provide some insight into this matter? I'm particularly interested in knowing if Binance's operations align with Islamic principles or if there are any aspects of it that might be considered unethical or Haram. Thank you for your assistance in clarifying this issue.
