Is crypto spot trading halal. Common examples include: Pork and alcohol consumption.

Check out our IFG Halal Crypto list where we share our own Sharia screening of the top 50 cryptocurrencies. The Case Against Crypto Being Halal Dec 29, 2023 · Bitcoin (BTC) is recognized as a Halal investment because it is seen as a legitimate digital asset that can be owned, possessed, stored in self-custodied wallets, and traded on exchanges. net, also known as Consistently Halal, founded by Sarim Ali. The longer you lock your coins up, the higher the rewards. Spot trading halal or haram? – In the dynamic landscape of Islamic finance, this question has Oct 23, 2023 · In the spot market the trader actually buys and own a portion of the underlying asset acquired at its current price and it can be holded, stored, sold and traded by its owner. The issue divides scholars and prompts strong arguments on both sides: “Yes, leverage trading is halal because you trade on the asset, while borrowing money from the broker. Note, I have knowledge concerning this subject and for me it is not like gambling. Apr 16, 2020 · Mufti Billal Omarjee view: My view is that Bitcoin in itself is halal to purchase and trade. Ahmed. It involves a user buying and putting their cryptocurrency in their wallet. According to Islamic law, something is "haram" or forbidden when the teachings of the Holy Qur'an deems it so. A. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. •. Aug 29, 2023 · Any interest earned is through third parties. Was this answer helpful? Trading in currencies is halal so long as the exchange takes place in the same sitting as the contract is made. It eliminates interest, uncertainty, speculation, and fictitious assets, and follows fair, ethical, real asset-based trading. Written by Maulana Syed Johir Miah. Binary options trading is an up and coming financial trading method in which there are only two possible outcomes, hence the name Binary. com We would like to show you a description here but the site won’t allow us. Jan 8, 2024 · Crypto in general is halah to buy, sell or keep as an asset, but for binance (or any other exchange) only spot trading is halal, so margin trading, futures, staking, defi staking, earn services, loans, dual investments, borrowing ALL are Haram, and binance in particular even for normal staking gives you the rewards + Fatwas about Forex Trading Being Halal or Not. The decentralized control of each Aug 31, 2016 · The question as to whether Forex trading is halal or haram is covered thoroughly throughout the rest of this article, so the issue at hand is really whether day trading is halal. This post is for educational purpose only. Given these points, many Muslims argue cryptocurrency and crypto trading should be considered permissible. And Allah knows best. You can also check out our comprehensive Halal cryptocurrency guide for more details. When the trading is result to riba gain that is not halal. Foto: Cover Topik/Chaos Pasar Kripto/Edward Ricardo. As it serves a practical function for payments and transfers (similar to other currencies) without engaging in Haram activities it is seen as Shariah Jul 2, 2022 · Crypto staking is the process of holding a cryptocurrency in a wallet to earn reward or yield. Traders Union experts offer a crypto halal guide, aiding informed decisions. However, when it comes to leverage crypto trading, the same concerns around usury have been raised. The rules governing Islamic finance include avoiding businesses engaged in haram activities, prohibiting interest-based investments, sharing profit and loss, avoiding high debt ratios, and not . The so-called Islamic Forex is not free from the reasons for the prohibition of Forex trading, or most of them. We would like to show you a description here but the site won’t allow us. So, if you invest 100 ETH, your total assets after one year will be 118 ETH (estimate based on 18% per annum) May 30, 2021 · Is Leverage or Margin Trading Halal?Asalamu alaikum everyone, This video is a much-requested one. They say that crypto is a venture worth investing in. e Forex and conventional futures. Therefore, swing trading has greater scope for permissibility so long as the stock is halal and one sells following delivery of the stock. Not long after they made the historical decision, many religious scholars in Malaysia say that crypto is a venture worth investing in. 19 June 2023 17:10. ” – Source. Malaysian religious authorities announced the permissibility of cryptocurrency as Halal. These financial vehicles essentially allow investors to tap into the price movements of Bitcoin without the direct ownership of the currency. The premise of Binary options trading is that you, the trader, guesses if the asset Nov 29, 2020 · Hello fellow brothers, I started trading crypto currencies, I used to trade Forex but i dont know if it is halal anymore. Share Tweet. Day trading basically means buying and selling your shares within a day. While other Islamic scholars deem it as non-halal (haram) because they don’t see it as a currency, its volatility in value, and lack of government regulation. Therefore, the businesses running in form of buying and selling of bitcoins or any digital currencies on the internet are not Halal (i. Geger Kripto Halal, Ini 4 Landasannya! Market - mza, CNBC Indonesia. ) However, there are a number of further issues still to discuss when we start looking at specific crypto offerings. 12 shariah-compliant cryptocurrencies that meet our stringent requirements are accepted. Answer: In the Name of Allah, the Most Gracious, the Most Merciful. Mar 25, 2021 · January 2018: Egypt's top Imam, Sheikh Shawki Allam, the grand mufti, endorsed a ban on trading in Bitcoin by declaring it "forbidden" by Islam. 4 bn in 2020. Akad ba’i urbun adalah mekanisme jual beli yang disertai dengan pemberian uang muka atau jaminan (urbun) dari pembeli kepada penjual. While some Islamic scholars deem this practice permissible (halal), it's crucial to delve into the specifics for a comprehensive understanding. Author: The Hon. May 4, 2021 · Harganya yang terus melonjak membuat minat investor terus meningkat. Jan 10, 2024 · Conclusion. Bakar is inclined towards developing Malaysia’s unique stablecoin to further enhance digital trade. In 2018, Bitcoin worth $872 million was exchanged on the dark web. Because the Koran forbids the Nov 29, 2020 · I know a automated bot, which trades crypto, bitcoin in particular. There are two issues which might make day trading haram compared to longer-term trading in Islam: 1. Consistently Halal is a Shariah-based organization trusted by thousands of members. Malaysian financial markets are expected to see a surge in crypto-trade following this breakthrough fatwa resolution. Think of us like eToro or StockTwits, but purely for Muslims in Crypto. Jul 11, 2023 · Generally speaking, trading cryptos is similar to trading stocks and shares. Forex trading works similar to trading other securities such as stocks with one exception, Forex trading Feb 20, 2024 · In Arabic, “haram” refers to anything prohibited or unlawful according to Islamic law. Which means my approach to Zakat on BTC might slightly be different to those who who see it as a valid currency. To add, a study by Luno, Malaysia’s first and leading regulated cryptocurrency exchange, indicated Mar 24, 2023 · Trading futures ini termasuk memiliki risiko tinggi. A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Margery Christiansen. (see this article for more analysis. Day-trading is problematic as it would involve selling one’s shares before its delivery, while your swing will likely take place after two business days. com/channel/UCP1HZK52Rfp7rVzXWphH30gMufti Tariq Masood Sahab ki New Clip Sunne Ke Liye Islamic Bayan Channel Feb 21, 2021 · Even with regular crypto transactions, there's a diff of opinion amongst scholars, although I follow the understanding that it is halal as you're not gambling (no serious risk of getting zero in return as with the lottery for example),and it's not interest (as the return is not fixed). Securities and Exchange Commission (SEC). Praise be to Allah. The opposite of halal (lawful and permitted). Would it be halal to day trade Crypto on the spot market by making sure you are engaging in halal cryptos, without using leverage/margin and by only placing long positions? Jun 19, 2023 · Market. Jul 9, 2024 · The rapid evolution of financial markets has introduced new trading instruments, such as crypto futures, which have sparked considerable debate within Islamic May 2, 2024 · Another reason why some Muslims see cryptocurrency as halal is due to spot trading in crypto. Spirituality and the world of trading Jul 28, 2021 · Follow me! New videos everdayhttps://www. This bot is making long-trades, but also makes short trades and it trades with leverage. Only Allah knows best. They have the option to trade, buy, and sell the currency on the current market value. May 24, 2023 · Is Crypto Bot Trading Halal? 24 May 2023 by Sharlife. e. I have been searching and also reading some of the posts on this forum and other Islamic website on the subject, but most of these generally to traditional finance. Among the major cryptocurrencies, Bitcoin, Ethereum, and Dogecoin come under 5 days ago · Determining whether trading on Binance is halal or haram depends on the nature of the transactions and the types of cryptocurrencies involved. trading. They issued this fatwa as the popularity of digital currencies is growing in the country. What Is Cryptocurrency 2. Crypto operates on decentralised platforms without any central authority. Forex trading can be considered halal. So core trading activities are halal. Share. Berita Market. Buying cryptocurrency is made easy on the Bitmama platform. What I do (and almost everyone else does) is checking the chart and based on the chart’s movements, I make a decision whether or not it could be a good trade. He said, “Bitcoin carries risks of “fraudulence, lack of knowledge, and cheating. Some Islamic scholars view cryptocurrency as halal because they view it as a store of value or commodity. Ibn Abbas (Allah be pleased with him) reported Messenger of Allah ﷺ as saying: He who buys food grain should not sell it until he has taken possession of it. Adam juga menyarankan bahwa mata uang kripto dapat digunakan sebagai alat tukar dalam jaringan khusus mereka berdasarkan prinsip al-Urf al-Khass, praktik kebiasaan kelompok tertentu. On bybit for example, a cypto exchange market, when you use leverage, you take the whole profit or lose all the money when the trade is closed, but there is no Oct 4, 2023 · The debate among scholars regarding whether crypto trading is halal (permissible) or haram (forbidden) is particularly intense in the Muslim world. The speculative nature of cryptocurrencies has triggered debate among Islamic scholars over whether cryptocurrencies are religiously permissible. I've read that buying and selling of something you don't possess is haram however cryptocurrency is different than stocks trading as you don't have to wait for t+2 days for the settlement of the stock. If spot trading is Haram, I have purchases a few coins through spot trading, so what should I do now? Mar 12, 2024 · Halal Cryptocurrency List. Mar 31, 2021 · For a population that takes up almost 25% of the globe, a financial model that suits the foundation of the principles of Islam will be welcome. They argue that it falls under the concept of “bay’ al-salam” or deferred delivery contracts, which are allowed in Islam under specific conditions. Oct 16, 2020 · This may not have settled the crypto trading halal or haram debate just yet but this is a good start. With the launch of spot trading, our Muslim users can now engage in Halal-compliant crypto investments. Sep 24, 2021 · Sponsored Sponsored. Gambling. Additionally, adhering to transparency, fair trading practices, and avoiding speculative behavior or Oct 17, 2020 · 2020-10-17by Hafiz M. Dalam catatan itu, disebutkan bahwa Bitcoin sebagai investasi yang lebih dekat pada gharar alias spekulasi yang merugikan orang Jan 26, 2024 · Arguments in favour of crypto being deemed halal include: There is often a lack of riba (interest). Margin and Leverage based trading allows individuals to mak May 8, 2021 · 2. Checked and approved by Mufti Mohammed Tosir Miah. Jul 7, 2005 · For more, please see these answers: 360987 , 310956 and 125758. Trading is one of the fundamental components of a building society and in an Islamic household, it is necessary to know its rulings on whether trading like spot trading is halal or not. Mar 22, 2022 · Not all crypto assets are “currencies” or “money. Among the activities prohibited by the Holy Qur'an are gambling and riba, also known as interest or usury. Hence, in the aforementioned case, options (derivatives) trading will not be halal in my opinion. It is available on exchanges, and it acts as a tool of transaction between people and businesses. According to this opinion, Bitcoin would qualify as a digital asset (Mal) which possesses value (Taqawwum). As long as a currency is legal in a country, Islam accepts it too, according to him. However, he concludes with the following remarks: May 31, 2022 · Check out our writeup on how to invest in crypto the halal way. Since majority cryptos do not fall under the economic and shariah definition of money or currency, they are called “currencies. ee/practical May 29, 2024 · Forex trading can be considered halal. Pertanyaannya, investasi di aset kripto seperti Bitcoin cs halal atau haram? Majelis Ulama Indonesia (MUI) pernah memberi 11 catatan terkait Bitcoin. Since the last two activities are associated with Forex trading, many scholars have May 21, 2024 · Key Takeaways. The ones you should stay away from are memecoins like Doge and Shiba. The landmark judgment may have global implications as Muslims make up 26% of the world’s Nov 12, 2020 · -------------------------------------------------------------------------------------------------------- Learn, invest, prosper: https://linktr. Cryptocurrency’s Place in Islamic Finance. Dec 4, 2015 · Summary of answer. Crypto trading is haram, as it involves speculation and gambling, which Islamic law prohibits. In order to determine whether crypto trading is halal or haram, one must consider the Islamic viewpoint on both investing and currencies. Qabza (possession) of our coins occurs in spot trading. As soon as you buy the crypto in spot you have full ownership of the currency. They can also be exchanged with other crypto traders. Spot, on the other hand, is totally opposite to what I have stated above. Jun 7, 2024 · Crypto spot trading, characterized by the immediate buying and selling of cryptocurrencies, is subject to interpretation within Islamic finance. SHARE. And sharing the best in class investment strategies for Muslims to be financially free. We are dedicated to providing guidance on halal investments and ethical crypto trading, ensuring that all financial activities align with Islamic principles. 14 October, 2021. What is Forex Trading? Forex stands for Foreign Exchange and is the largest financial market on Earth. Feb 7, 2024 · Unsurprisingly, cryptocurrency has sparked a similar debate and has left many scholars suggesting that trading cryptocurrency is mostly halal. The research paper says the system currently has a dataset of 106 cryptocurrencies, of which 56 have been classified as halal and 50 as haram. youtube. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. Traders attempt to profit from the fluctuations in exchange rates, buying currencies at a low rate and selling when the value increases. On the other hand, Indonesia’s Muslim council MUI recently banned crypto trading. Dec 11, 2022 · Trading in a way that is consistent with Shariah can be complex, but this full interview with an Islamic finance expert makes it easy to understand. When trade something that is not halal like buying goods that you know they are stolen. Allah knows best. That's jy understanding. Dalam perdagangan futures market sesuai syariat islam, dikenal istilah akad ba’i urbun. In Malaysia not really sure but from the looks of it Muslims who are really into Islamic Finance from other countries consider Crypto to be halal but not all of them as investing in some of them is very risky almost like gambling. This is the only form of crypto trading that is considered halal by some scholars. Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems. However, in the UK context, I do not currently see it as a recognised currency from a shariah perspective. But some argue gharar is minimal in regulated futures markets. Muslim investors can engage in spot trading ethically and profitably Jan 19, 2024 · In Islam, there are certain rulings on trading whether it is spot, forex or crypto. Di antara yang berpendapat bahwa uang kripto haram adalah Grand Mufti Mesir Shaykh Shawki Allam, pemerintah Turki, Shaykh Haitam dari Inggris. While the traditional markets have stock-screening criteria and lists of Shariah-compliant stocks to help traders and investors in their asset selection, crypto markets do not have such a mechanism for the time being, at least not officially. Spot trading adheres to Islamic finance principles, as it involves the actual exchange of digital assets, avoiding any elements of gambling, uncertainty, or usury. We Explain “Is Spot Trading Halal” Spot trading is a halal form of trading, as it follows the principles and guidelines of Islamic law. Feb 4, 2024 · Some scholars argue that cryptocurrency trading can be considered halal (permissible) if certain conditions are met, such as ensuring transactions comply with Islamic finance principles. Aug 6, 2023 · As the world of cryptocurrency continues to expand, an intriguing question arises for those adhering to Islamic finance principles: is crypto trading halal or haram? Jul 11, 2024 · Welcome to Halaltrade. As far as the matter of haram and halal, futures is haram if you make losses and halal if you keep winning trades. I have heard that in to cryptocurrency, future trading is Haram and spot trading is Halal. Common examples include: Pork and alcohol consumption. Covering Jan 12, 2022 · Apakah aset crypto halal? Terdapat perbedaan pendapat perihal hukum uang kripto atau cryptocurrency dari perspektif hukum Islam. If the deal is in the same type of currency, this is not permissible because it is a type of riba. Islamic scholars have expressed differing views on whether futures trading aligns with halal (permissible) investing principles: Futures contracts involve gharar (excessive uncertainty) which is prohibited. impermissible) in light of the Islamic Shari‘ah and it is also impermissible to invest money 3 days ago · In Islam, forex trading is considered haram when it involves interest payments, high uncertainty, or speculative practices resembling gambling. In this fatwa: Bitcoins are a new form of transaction that facilitates buying and selling. Aok_al. Turkey’s Directorate of Religious Affairs May 31, 2022 · The opinion on this is the same as doing the same with any halal assets such as shares – 1) is permissible, 2) is more debatable and there are differing opinions on short-term trading. The logical conclusion is that they are a form of deception and fraud, hence haram Jan 23, 2023 · -------------------------------------------------------------------------------------------------------- Learn, invest, prosper: https://linktr. When the result of trading damages the Islamic society and you may know about it ( Ayatollah Shirazi and his verdict against tobacco). Not everyone is wired to excel in futures trading. Helping you stay updated with the latest Shariah guidelines on coins, IDOs etc. Some sharia-compliant options. Rewards are paid out in the form of new coins being distributed to stakers, which can be used to Aug 12, 2021 · Fakta Trading Aset Crypto di Futures Market Beberapa fakta yang terjadi pada trading aset crypto di lapangan, adalah: Pertama, valuasi aset crypto ditentukan berdasarkan harga di saat jatuh tempo / kontrak. You can continue your daily activities/classes/job with spot trading but not with futures. Cryptocurrency companies are Get Paid In Your Favorite Crypto. Table of Contents: 1. Your profits are calculated & paid-out based on the original currency you deposit. – Source. One of the owners of this company is muslim himself and told me, that the broker (bybit in this case) is not lending the assets and the leverage for the short trades with riba. S. It runs 24 hours a day, five days a week, which makes it a very liquid market to invest in. Mar 8, 2022 · Religious Muslims are debating over what their faith has to say about bitcoin, dogecoin and the rest of the crypto universe. Ether, the native cryptocurrency of Ethereum, is at an all-time Jul 1, 2023 · Forex, short for foreign exchange, involves the trading of different national currencies. However, while this may seem straightforward, Forex trading's reality is characterized by high risk and volatility, and it may contradict several Islamic finance principles. Many Shariah scholars are misled by the term “cryptocurrency. ee/practical May 20, 2021 · Hello, I am genuinely interested to get a detailed answer to this, crypto assets trading is relatively new and some of the traditional financial concepts possibly do not apply i. In the Name of Allah, Most Gracious, Most Merciful. On the other hand, forex trading is deemed halal in Islam when transactions are conducted on a spot basis with immediate settlement, avoiding interest, ensuring actual ownership, and utilizing swap-free Additionally, these derivatives have brought adverse consequences on the financial system. The Islamic Fiqh Council issued a statement that Forex trading is not allowed. According to the Securities Commission Malaysia (SC), a total of approximately RM21 billion (bn) of digital assets were traded across all registered Digital Asset Exchange (DAX) in 2021, compared to just RM1. Jakarta, CNBC Indonesia - Dunia modern semakin berkembang, bahkan dari segi mata uang mulai mengarah ke-digital, atau yang dikenal dengan mata uang kripto. “One of the main factors which makes trading Cryptocurrencies Halal is that it avoids riba (usury/interest). Apr 8, 2018 · Halal or not halal. -------------------------------------------------------------------------------------------------------- Learn, invest, prosper: https://linktr. Dr. Cryptocurrencies have been on a bull run since their historic October climb . Nov 11, 2021 · Still, it’s a bad time to get kicked out of crypto. @moinudin thanks Feb 10, 2022 · Futures Trading is Haram. We cannot totally say that cryptocurrency trading is halal because there are still regulations to be put in place to make it Islam-compliant. Jika barang yang dibeli tidak dapat dipenuhi oleh penjual, maka Instead, in reality, it is a form of interest and gambling which is based on an ambiguous transaction and fraud. Crypto derivatives are financial instruments used to speculate on price movements of cryptocurrencies without owning them. Transactions and activities considered haram are clearly outlined in the Quran and the Sunnah. Key components include contract terms, underlying assets and pricing mechanisms which influence the derivative’s value & functionality. From a purely fiqh and Islamic law perspective, investing in Bitcoin and the return could be considered lawful based on this opinion. In crypto trading, you can use leverage if you want on some exchanges, but it is not necessary unlike the Forex. finance. ee/practical Halal Ways to Trade Crypto #halalharam #crytpo #cryptotrading Come grow with Ahmed on a journey towards Financial | Time | Location freedom and self-developm Bitcoin and other crypto coins are a type of digital currency that can be used to pay for certain goods and services. Whilst every effort has been made to ensure compliance, having been reviewed by Muftis etc, please note this is our humble opinion using the methodology Currently in development and aim to launch later in the year on Apple and Android platforms IA. الاستفتاء. Oct 14, 2021 · Answer. They contend that the speculative Jun 3, 2023 · Some scholars argue that crypto trading can be considered halal if certain conditions are met. As crypto is still a relatively new market, the amount of halal crypto leverage trading platforms is Spot Bitcoin ETFs may seem novel, but they’ve been a topic of interest since 2013, when the first application was sent to the U. I don’t intend to start a debate on future trading as this Hadith is straightforward. Ruling on future and spot trading in cryptocurrency. Furthermore, it appears that this type of trading is “imaginary” and figurative, because the trader does not own nor does he have at any time possession of the foreign currency that he is trading. The Shacklewell Lane Mosque was one of the first mosques in the UK to accept crypto donations in 2018, indicating that its leaders regard crypto assets as halal. They emphasize conducting trades on a cash basis, without engaging in margin trading or borrowing funds, to avoid potential interest charges. ”. This usually means there is no interest charged or payable. According to him, bitcoin is halal as it is a store of value that people accept. “Trading with borrowed money in the hope of Feb 5, 2023 · The machine-learning system designed to help Islamic investors make Sharia-compliant decisions is called ‘Crypto-Halal’. For more information on key cryptocurrency topics, please check out our crypto page here. Due to its short time frame, it could be argued that day trading See full list on islamicfinanceguru. Cryptocurrency ownership and exchange is untraceable, so it’s often used for makruh or haram purchases. Ada sebagian ulama yang menghalalkan, namun sebagian lainnya mengharamkannya. Spot trading may be considered permissible if it does not involve interest or speculative elements, whereas futures and margin trading often include aspects like leverage and speculation, making them This article delves into the Quran’s investment rules, how they apply to cryptocurrency, opinions on its permissibility. Hence, in the case of online forex, since both exchanges are deferred, this transaction is invalid and impermissible in Islam. Interest-bearing accounts (riba) Immoral Mar 7, 2023 · In collaboration with. Users can avoid prohibited services and assets. Kedua, uang muka yang dijual oleh trader, memiliki valuasi yang berbeda dengan saat trader tersebut memutuskan membeli aset derivatif crypto. Sheikh Ahmad Kutty. London-Based Shacklewell Lane Mosque. Classification : Authentic. This is the largest list of Halal cryptocurrencies online, where each coin has been screened against robust Shariah guidelines to determine if it is Halal or Haram. Binance offers a limited number of Islamic trading pairs – cryptocurrencies swapped directly without stablecoins. Feb 23, 2017 · Matthew says No, “Historically, though, Islam has only recognized commodities of intrinsic value as money including things like gold (Dinar), silver (Dirham); rice, dates, wheat, barley and salt Oct 4, 2023 · This makes crypto more halal than fiat currencies with interest-based banking. Jan 21, 2022 · In 2021, Ulema in Malaysia announced the permissibility of cryptocurrency as Halal. For more, see the detailed answer. Rewards are earned by verifying transactions and locking the coins up for a set period of time. Crypto is used as a medium of exchange with a legitimate purpose in financial and economic transactions. Jun 26, 2023 · The members of this council reckon that crypto trading and investment are permitted under Sharia law. Trading in some cases is not halal. Pemanfaatan yang halal ini memenuhi syarat sebagai ‘Māl’ (kekayaan) dari perspektif Syariah, sehingga membuatnya diperbolehkan. Article information. Bitcoin is forbidden in Shariah as it causes harm to individuals, groups and institutions. Yea but my point is if you invest a $100 into a company stock even if it’s halal company your still using currency to buy the share lol it’s the same thing labeled differently and it’s gambling because you dont know if the company is gonna go up your basically taking a risk because you aren’t behind the scene even if you have so called a peice of the company you actually don’t own Halal Perspective: Proponents of the halal perspective argue that crypto future trading is permissible as long as it adheres to certain conditions. Here is my Aug 26, 2023 · There is an ongoing debate within Islamic finance on whether leverage trading is permissible and halal. Mu’aawiyah Tucker is a religious man. Join our community to access reliable resources, connect with like Crypto in general is halah to buy, sell or keep as an asset, but for binance (or any other exchange) only spot trading is halal, so margin trading, futures, staking, defi staking, earn services, loans, dual investments, borrowing ALL are Haram, and binance in particular even for normal staking gives you the rewards + Aug 17, 2023 · Islamic finance prohibits investing in assets considered haram (impermissible). lv kn ym zr oc lv ov yt vd ua