Does crypto futures trading comply with the principles of halal finance?
Idoko Pius ocheOct 13, 2021 · 4 years ago3 answers
Can crypto futures trading be considered compliant with the principles of halal finance? What are the key factors to consider in determining the halal status of crypto futures trading?
3 answers
- Moos QuinnNov 22, 2021 · 4 years agoFrom a professional perspective, determining the compliance of crypto futures trading with the principles of halal finance requires careful analysis. While some argue that crypto futures trading is similar to conventional futures trading and therefore not permissible in Islamic finance, others believe that it can be considered halal if certain conditions are met. These conditions include ensuring that the underlying asset is halal, avoiding excessive speculation, and adhering to ethical and Shariah-compliant practices. It is important for individuals to consult with scholars or experts in Islamic finance to make an informed decision.
- Hester HennebergMar 16, 2024 · 2 years agoCrypto futures trading and its compliance with the principles of halal finance is a topic of debate among experts and scholars. While some argue that it is not permissible due to its speculative nature and lack of physical backing, others believe that it can be considered halal if certain conditions are met. These conditions may include ensuring that the trading is based on real assets, avoiding excessive leverage, and adhering to ethical practices. Ultimately, it is up to individuals to seek guidance from religious authorities and make their own informed decisions.
- he liangOct 06, 2025 · 4 months agoAccording to BYDFi, a leading digital asset exchange, crypto futures trading can be considered compliant with the principles of halal finance. They emphasize that as long as the trading is based on real assets and follows ethical practices, it can be considered halal. However, it is important to note that different scholars and experts may have different opinions on this matter. It is recommended for individuals to consult with their religious authorities or experts in Islamic finance to ensure compliance with their personal beliefs and principles.
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