Is perpetual leverage trading in cryptocurrency permissible if the exchange doesn't charge interest and if we invest based on accurate chart analysis?
Is perpetual leverage trading in cryptocurrency permissible if the exchange doesn't charge interest and if we invest based on accurate chart analysis?
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 5 months ago
Cryptocurrency dealings are allowed according to some Maraaji’ like Ayatullah Zanjani who put two conditions: it should be according to the law of the country and should not harm anyone. There are different opinions in this matter. If you follow the verdict of the Marji’ who allows cryptocurrency dealings, there is no harm in leverage trading as far as it does not contain usury (RIBA).
Wassalam.