Bro, I really need your perspective regarding a course in helping a close relative of mine. My uncle had recently received conditional offers from Exeter, Newcastle and Leeds for a program named 'Banking and International Finance (MSc)'. All of them have great accreditations and benefits shown on the website for prospective graduates. Which one do you think is honestly the best option to choose from and please state your opinion (in terms of jobs, connectivity and much more)?
In general you can receive crypto airdrops as long as the coin itself adheres to Shariah principles. The airdropped coins must have an actual utility purpose, not be involved with riba or gambling, and the terms of the airdrop must comply with Islamic financial guidelines.
Salaam brother. I wanted to know if this was permissible. I got a crypto wallet but i have been airdropped some coins and it looks like a meme coin and its worth a considerable amount. In fact i have been airdropped by several coins. These look like random small projects but the value of them in my wallet is considerable. So i was wondering if it is permissble for me to keep this money or would it be haram? Where could i get advice on this? Jazak Allah Khair.
Aslm, I quote one of your replies: "Yeh you're exchanging currencies then. If you're trying to say trade for profit then no" Unquote. The vast majority of people are buying Bitcoin as an investment (i.e. to make a profit when it is converted back to fiat money), and not to make a payment. Hence, I conclude that buying or holding Bitcoins for investment, is haraam. Right? Also, I believe it is also important to remind all Muslims who are investing in Bitcoins, their obligation to pay Zakaat at 2.5% of its value (at the time of paying the Zakaat) every year. If the value of Bitcoin increases beyond what you can afford to pay, and you add to that the high volatility and technological risks (e.g. quantum computing defeating the integrity of the underlying blockchain), then you understand why many scholars advise against investing in Bitcoins.
Thanks for your reply, i'll review it shortly. but you are right about zakat, i forgot to mention it in the video. But i know the importance to communicate this as well as people often forget it - thats why i mentioned it in the Wahed video.
Very good point and there's a lot to talk about here. I'll just say one thing though, can you live by going into a shop and exchanging your labour eg sweeping floors for bread on a regular basis or bringing in something to exchange for it? Food for example which is required to live can only be bought by utility money.
As a financial expert i can give you direct Islamic references that dictate that Bitcoin is mostly Haram and only few permitted uses for a "promissory note" weather its Physical or Digital.
Bro, I really need your perspective regarding a course in helping a close relative of mine.
My uncle had recently received conditional offers from Exeter, Newcastle and Leeds for a program named 'Banking and International Finance (MSc)'.
All of them have great accreditations and benefits shown on the website for prospective graduates.
Which one do you think is honestly the best option to choose from and please state your opinion (in terms of jobs, connectivity and much more)?
Is crypto futures haram when your trading with no leverage
Salam, i was wondering if trading cryptocurrency (like you would trade in forex) would be halal? Or would it still be haram?
Assalamu laikum brother please help me
Are telegram airdrop projects halal? Please answer my question it will change my life brother
In general you can receive crypto airdrops as long as the coin itself adheres to Shariah principles. The airdropped coins must have an actual utility purpose, not be involved with riba or gambling, and the terms of the airdrop must comply with Islamic financial guidelines.
Assalamualaikum brother
Is it halal to take part in suntkcrypto
walakum salaam, could you tell me where i can get more info on this as im unaware about it
Salaam brother.
I wanted to know if this was permissible. I got a crypto wallet but i have been airdropped some coins and it looks like a meme coin and its worth a considerable amount. In fact i have been airdropped by several coins. These look like random small projects but the value of them in my wallet is considerable. So i was wondering if it is permissble for me to keep this money or would it be haram? Where could i get advice on this?
Jazak Allah Khair.
nah bro, you know the answer already
Aslm, I quote one of your replies: "Yeh you're exchanging currencies then. If you're trying to say trade for profit then no" Unquote.
The vast majority of people are buying Bitcoin as an investment (i.e. to make a profit when it is converted back to fiat money), and not to make a payment. Hence, I conclude that buying or holding Bitcoins for investment, is haraam. Right?
Also, I believe it is also important to remind all Muslims who are investing in Bitcoins, their obligation to pay Zakaat at 2.5% of its value (at the time of paying the Zakaat) every year. If the value of Bitcoin increases beyond what you can afford to pay, and you add to that the high volatility and technological risks (e.g. quantum computing defeating the integrity of the underlying blockchain), then you understand why many scholars advise against investing in Bitcoins.
Thanks for your reply, i'll review it shortly. but you are right about zakat, i forgot to mention it in the video. But i know the importance to communicate this as well as people often forget it - thats why i mentioned it in the Wahed video.
If bitcoin is being debated as halal or haram then fiat money should be considered haram.
Very good point and there's a lot to talk about here. I'll just say one thing though, can you live by going into a shop and exchanging your labour eg sweeping floors for bread on a regular basis or bringing in something to exchange for it? Food for example which is required to live can only be bought by utility money.
But some day your labour will be exchanged for digital assets like bitcoins. Heck, even some shops accept cryptocurrency as payment.
Islam was a religion for all times 😂
As a financial expert i can give you direct Islamic references that dictate that Bitcoin is mostly Haram and only few permitted uses for a "promissory note" weather its Physical or Digital.
i agree because you cant see the value. its just a number
i agree because you cant see the value. its just a number
@@tanvir2080that’s like saying money in your bank account is haram
My muslim brother money is haram send me your money
Send me your address
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"Promo SM"
Thanks, that was really helpful. Do you have any WhatsApp/ telegram accounts/channels
No but will be starting that/newsletter soon