Is it permissible to invest in cryptocurrencies? How can one distinguish between gambling on a trade and making a legitimate investment?
Is it permissible to invest in cryptocurrencies? How can one distinguish between gambling on a trade and making a legitimate investment?
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
According to leading scholars like Marje’ Taqleed Sayyed Musa Zanjani in Qum, dealing with crypto is allowed provided it does not break the rules and does harm anyone. Gambling is completely different from trading. Trading has factors of the market while gambling has no factor but merely the chance, that is gambling is not allowed while trading is allowed.
Wassalam.