Is it permissible in Islam to engage in crypto futures trading?

3 answers

• Dec 17, 2021 · 3 years ago
  In Islam, engaging in any form of gambling or speculative activities is considered haram (forbidden). Therefore, participating in crypto futures trading, which involves speculation and uncertainty, may not be permissible according to Islamic teachings. It is advised to consult with a knowledgeable Islamic scholar to get a clear understanding of the religious perspective on this matter.
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• Dec 17, 2021 · 3 years ago
  From an Islamic perspective, engaging in crypto futures trading can be a controversial topic. Some scholars argue that it falls under the category of gambling, which is prohibited in Islam. However, others believe that if the trading is done with proper knowledge, analysis, and risk management, it may be permissible. It is important for individuals to seek guidance from qualified scholars to make an informed decision based on their own understanding of Islamic principles.
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• Dec 17, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, crypto futures trading is permissible in Islam as long as it adheres to certain guidelines. These guidelines include avoiding excessive speculation, ensuring transactions are based on real assets, and avoiding interest-based transactions. It is recommended to consult with a knowledgeable Islamic scholar to ensure compliance with Islamic principles while engaging in crypto futures trading.
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