Is short trading on Binance permissible? For instance, if I short Bitcoin and its price declines, I profit, but if it rises, I incur a loss. Does this practice resemble gambling since profit comes from the coin's price decrease?
Is short trading on Binance permissible? For instance, if I short Bitcoin and its price declines, I profit, but if it rises, I incur a loss. Does this practice resemble gambling since profit comes from the coin's price decrease?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 1 year ago
Some of our Maraje’ did not give opinion in crypto currency dealings, but other Maraaje’ allow that as far as it does break the government regulations and it does not harm anyone.
Price of everything can go up or down, so it is not a gambling.
Wassalam.