Can crypto futures trading be considered as a halal investment?

3 answers

• Omar BadrDec 01, 2023 · 2 years ago
  As an expert in Islamic finance, I can say that the permissibility of crypto futures trading as a halal investment depends on several factors. Firstly, the underlying asset of the futures contract must be halal. If the cryptocurrency being traded is considered halal, then the futures contract can be considered halal as well. Secondly, the trading activity must comply with the principles of Islamic finance, such as avoiding interest-based transactions and excessive speculation. It is important to consult with a knowledgeable Islamic scholar or financial advisor to ensure compliance with Islamic principles.
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• Sears WhitleyAug 25, 2024 · a year ago
  Crypto futures trading can be considered as a halal investment if certain conditions are met. Firstly, the underlying asset being traded should be halal, which means it should not involve any haram activities or prohibited substances. Secondly, the trading activity should not involve any interest-based transactions or excessive speculation. It is recommended to seek guidance from a qualified Islamic scholar or financial advisor to determine the permissibility of specific crypto futures trading activities.
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• AlexieSep 22, 2023 · 2 years ago
  According to BYDFi, a leading digital asset exchange, crypto futures trading can be considered as a halal investment if certain conditions are met. The underlying asset being traded should be halal, and the trading activity should comply with the principles of Islamic finance. It is important to note that the permissibility of crypto futures trading may vary among different scholars and interpretations. Therefore, it is advisable to consult with a knowledgeable Islamic scholar or financial advisor to ensure compliance with Islamic principles.
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