Walaikum Assalam Wa Rahmatullahi Wa Barakatuh Brother, Anytime I'm in doubt I just refer to your videos...Trust me it's a great help for Muslims who want to earn in halal way and according to Shariah Law. May Allah SWT reward you in both the worlds. Thanks Alot, Jazak-Allah Khair. 🤗
@DaniyalKhan7 Жыл бұрын
No matter how much I search a topic on youtube. PIF explanation is always the best. May Allah grant you with the best jaza.
@practicalislamicfinance Жыл бұрын
Much appreciated brother
@munsifcreations84352 жыл бұрын
Assalamu alaikum, Alhamdulillah, I have involved into this haram till watch your video. Now I am clear. Jazakallahu Hairan.
@mohamedelhalwany42523 жыл бұрын
Thanks brother for the clarification, Can you make video for perpetual contracts ? jazak allah khir
@najatalidrisi59992 жыл бұрын
Thank you so much for this useful video, I was a bit confused if Future trades in Crypto was Haram or Halal, And you cleared the picture for me specially with the Aya from the Quran. Hamdullah, No Money💸 on this earth is Worth Loosing ALLAH.
@khairullahkhairkhwa27882 ай бұрын
Future trade Haram or halal ?
@abinsha2930Ай бұрын
Halam Or haram?
@dranamulhasan2 жыл бұрын
Jazakallah ul Khair brother for your service to ummah!!
@ibnthaleb58532 жыл бұрын
understandable, jazakallah khair.
@syedmansoor24522 жыл бұрын
You are such a blessing for us brother, May Allah bless you eternally 🤲🏻
@practicalislamicfinance2 жыл бұрын
So nice of you, thank you brother
@umarsebyala99203 жыл бұрын
Barakallahu fikum for another explanation of a modern day pitfall in crypto!
@annayakhalique74743 жыл бұрын
Hello! I wanna ask, which trading platform do you use to trade/invest? Also, if on the trading platform, I put the leverage as 1:1, that is, I'm bearing the cost of the entire thing, would that be okay to trade? Because there would be no interest bein charged.
@zawarkhan86953 жыл бұрын
I have the same question that If I am putting a leverage of 5X in a trade... is it halal or not? Couldn't get any reply from anyone....
@alifaizan73943 жыл бұрын
if you are putting leverage on 1. and you are not shorting(which also comes as haram) and you are only longing then why you dont buy some coin in Spot Wallet (i use binance exchange ) . why are you still bearing contract instead of a Coin. the way generally contracts work comes under maysir(speculation). its better to stay away from them. this is my opinion JazakAllah
@practicalvoice12202 жыл бұрын
If you wanted to trade 1:1 you would need to know how the platform would deal with that trade, it would be riba free as u said because ur holding the 1:1 value of the asset, Oh wait watch and research what he said at 5:15 about almayer
@engenglish6102 жыл бұрын
@@alifaizan7394 as you I trade in the spot market. However, the fees 0,1% (Binance) is too much! How do deal with this to earn good profits? Thank you in advance.
@alifaizan73942 жыл бұрын
@@engenglish610 binance has lowest fees if compared to other solutions. And if you have as low as 10-20 dollar BNB token in your wallet than fees are reduced to 0.075%.
@fahdjait2737 Жыл бұрын
Thank you for the content. Very clear
@Mj.nuristani3 жыл бұрын
Jazak Allah Brother, very informative video.
@TheCaptan7 Жыл бұрын
Helal or Haram i dont understand
@yusufyuri86222 жыл бұрын
u are the best Bro , Salam from Morroco
@alamgirkhan0013 жыл бұрын
Thank you for this amazing explanation :)
@R3DHWXXN3 жыл бұрын
Assalamu alaykum my bro, I really love the work you are doing to help us better our financial breadth. I have a question that I would love to see answered in a video regarding the shariah compliancy and permissability of investing in Leveraged ETFs. An example of a leveraged ETF would $TQQQ. Could you address this? jazakAllah Khayr!
@rayraytrades93933 жыл бұрын
Same question here
@0xBnke2 ай бұрын
I'm Working as a smart contract auditor involves reviewing and analyzing the code of smart contracts to ensure they are secure, functional, and free from vulnerabilities. Given your expertise, I am interested to know your opinion on whether working as a smart contract auditor aligns with Islamic principles. Specifically, I am concerned about adhering to principles such as fairness in transactions, avoidance of riba (interest), and maintaining ethical business practices.
@ujang07118 күн бұрын
How about funded futures trading sir? Can you elaborate on that?
@CryptoBountyHunt2 жыл бұрын
Sir is trading in currecy like gold aud gpb nz i mean forex trading is it halal
@spotrading2565 ай бұрын
Aoa. If we get the physical delievery in the futures contracts will it still come under gambling
@mr_ehmed6 ай бұрын
i have a question like if its a financial bet.. but in binance if we open the future contracts..we some sort of owning the underline assets...like TP / SL we sell the underline asset..at specific price.
@zahidshaikh57232 жыл бұрын
Aslamualekum Sir, if I trade in spot in crypto Is that halal or haram ?
@Itsktbi2 жыл бұрын
Spot is halal my brother
@DrAbuImam10 ай бұрын
This is very insightful. Jazakumullahu khaira
@rdvn9993 жыл бұрын
Assalammu’alaikum brother. Can you please check Liquity protocol? The provide zero interest for borrowing, just only borrow fee 0,5%. It is halal or not?
@mirzarizwan26452 жыл бұрын
Assalamualaikum brother thank you very much for making this video in detail great job brother. 👍👍
@jasonbecker79973 жыл бұрын
Short is haram, future is haram, option is haram.. Muslim doesn’t have any way to make money in a bear market?? But fill the pockets of the short seller by selling my asset is fine? Any thoughts?
@practicalislamicfinance3 жыл бұрын
How about owning the actual asset. you make money in a bear market by buying low.
@kashan__haider8 ай бұрын
A.O.A Brother Explain please See if i buy 5000$ worth of shiba inu and i get 500 Million token as per the current shiba inu price and then after 1 year shiba hits 1$ and sell my all shiba inu tokens at 1$ and now my 5000$ is 500 Million dollars so is this profit halal or haram
@abdinasirahmed27010 ай бұрын
Always the best knowledgeable and simple explanations. May Allah reward you.
@theodyssey9986 Жыл бұрын
i don’t understand now, brother explain to me pls, futures sell is haram because of riba but long/buy isn’t?? make it clear to me jazakumollah
@hamzahahmad1532 жыл бұрын
Salam brother can you tell me do you know Halal investment app iam practising on a account pls Ahki?
@afzalsiraj8263 жыл бұрын
jazakallah khair
@Biury.2 жыл бұрын
Selamunaleykum, thank you!
@shahfaisaldawoodkheil2409 Жыл бұрын
So futurs trading in binance has interest (riba)?
@ahmadelyaman23793 жыл бұрын
Is spot trading same as x1 futures?
@alifaizan73943 жыл бұрын
no its not . In spot market you buy real asset. in form of coin like btc, eth . but in future mostly you have no asset . just contract for cash settlement. and they have attributes mentioned in video
@cryptoera36353 жыл бұрын
@@alifaizan7394 so is contract is Haram
@cryptoera36353 жыл бұрын
@@alifaizan7394 reply please
@alifaizan73943 жыл бұрын
@@cryptoera3635 fundamental of future contract is not sharia complaint. so in short they are haram.
@ahsanch28162 жыл бұрын
@@alifaizan7394 if you go on coin M instead of USDT M you can buy real coin so that’s prohibited too??
@hashhash11122 жыл бұрын
Gambling is if we have a 50%:50% or oesser chance of winning, but what if we have a 85% of chance to win? How can it be gambling?
@MrFACTS-mk1ib2 жыл бұрын
No. Who said its 50/50 chance. Even its 90/10 chance. its still gambling.
@MaaxTeen Жыл бұрын
You win someone's loss so that
@ludefi2465 Жыл бұрын
@@MaaxTeen everyone who put money in crypto futures agreed to the risk of losing it. It’s like saying: 10 people use their money to open food store in the same neighborhood, knowing that not everyone will be able to maintain their shop. 7 closes and 3 stay open. Those seven lost their investment, so the 3 win the money of the customers lost by the 7. If you are one of the 3, you are winning from the loss of the 7. In fact you will even try to end the other 2 so that all the neighborhood customers come to you. I don’t see the difference in futures: everyone try to get the money coming to them using their initial investment. Some lose, some win. What’s the difference ?
@ludefi2465 Жыл бұрын
@@MrFACTS-mk1ib The gambling part depend on your strategy. Say you have a strategy where you have 100% chance of winning, is it still gambling. Clearly no. Then, say you have a strategy where you 100% gain more than what you lose, is it still gambling ? Imo, no. I will tell you the difference i see with a casino: in a casino there is strictly no strategy that can make you win 100% of the time more than what you lose. If you go to those machine to get a 777 it’s totally random. And we know that the casino even have a slight edge so that they win more. Do you think the ceo/owner of a casino gamble? Of course not. His casino is 100% sure to win more than what it loses. Or they would be no casino. So the ceo doesn’t gamble when he opens a casino, yet he loses 30% of the time (for example).
@areebmadni6300 Жыл бұрын
Assalamualaikum , Sir can you tell me any halal alternative of futures and options or any halal trading in any market which have high risk and make up to 5%-10% per day , Plz reply sir🙏🙏.
@practicalislamicfinance Жыл бұрын
5%-10% per day is not realistic
@azirulaji34803 жыл бұрын
Assalamualaikum, I want to know if we trade crypto on SPOT but we use small time frame. Buy at low and sell at high after a few minutes or hours it gaining with some technical analysis and fundamental analysis methods we used. It can or not? Please, I want to know about it.
@shortido54132 жыл бұрын
It's Halal. Because you're buying something, and you have a possession of that. It's up to you whether you sell it after a minute, or after a day, rather than futures, in which you just sign a contract for cash settlement.
@azirulaji34802 жыл бұрын
@@shortido5413 Thank you for it.🤗
@engenglish6102 жыл бұрын
@@shortido5413 do you trade the spot market? How do you deal with the expensive fees 0,1% (Binance) in order to get good profits?
@shortido54132 жыл бұрын
@@engenglish610 just pay your fee in BNB. It's very cheap.
@engenglish6102 жыл бұрын
@@shortido5413 not really, just -25% of discount but a volatile bnb
@witcher70143 жыл бұрын
Bro plz answer this what if we trade on coin/coin pair means we don't trade on currency pair like usdt or busd is it haram too?
@tradermy56703 жыл бұрын
haram
@nadiaabdulhamid65902 жыл бұрын
@@tradermy5670 why haram? Can u explain
@tradermy56702 жыл бұрын
@@nadiaabdulhamid6590 it's cllearly said in binance that their futures contract is cash settlement no delivery of the asset
@shoaibhalimi6235 Жыл бұрын
bro you are great but sound is not good so please make sure you make video with a good mic .
@ittozz2 жыл бұрын
Bro, please am on the brink to know if CME futures trading (Such E-mini S&P or Russel )is Haram or Halal, please help me!!!
@abadam38102 жыл бұрын
Aslm. Please sir, is trading ETP haram , Huobi exchange support ETP not ETFs
@fuadmohamed76592 жыл бұрын
What about QNT or Quant, is it halal or haram?
@Facts_Z_K8 ай бұрын
You are talking about Interest. But there Is Only funding fee
@mrzadran3673 Жыл бұрын
I couldn’t catch you well please tell me binance future is haram or halal?
@atikabdullah37303 жыл бұрын
Brother what about grid trading in binance?? Is it halal or haram?
@outhmirnmohd484910 ай бұрын
Thank you so much
@Koulouu3 жыл бұрын
What about crypto lending with platforms like Celsius Blockfi Nexo ?
@AbletonLiveTechs Жыл бұрын
Lol those jews screwed over millions and bankrupted. So haram.
@MuaathAlkhattab3 жыл бұрын
Jazakallahu khair
@ramezalabed3613 жыл бұрын
Salam, how about trading 1x in futures? Is that shariah compliant or haram?
@practicalislamicfinance3 жыл бұрын
Walaykum Salam brother but Leverage has nothing to do with the reasons I cited
@ramezalabed3613 жыл бұрын
@@practicalislamicfinance so it would be okay to buy a contract? I don’t understand what u meant with that reply lol
@hamzoooplays2 жыл бұрын
@@ramezalabed361 the reasons mentioned in the video mainly state to stay away from Futures
@adnan34412 жыл бұрын
BEAUTIFULLY EXPLAINED
@TheCaptan7 Жыл бұрын
Haram or helal
@adnan3441 Жыл бұрын
@@TheCaptan7 haram
@TheCaptan7 Жыл бұрын
@@adnan3441 Crypto is haram/helal
@adnan3441 Жыл бұрын
@@TheCaptan7 future trading is haram.
@muhammadfaiqwaqiuddinbinkh47883 жыл бұрын
my english is not too good...can u simplyfy it ??it’s Halal or Haram...??Thankyou sir...Really appriceate it
@alifaizan73943 жыл бұрын
future is haram. Spot buying is halal (where you buy/sell crypto. there you own the actual asset) and trade with btc and cash
@athifzain45473 жыл бұрын
@@alifaizan7394 Crypto staking haram or halal?
@alifaizan73943 жыл бұрын
@@athifzain4547 its Halal.. this channel has a dedicated video on it. check it out if you want to know in detail
@arustresso Жыл бұрын
Can you please talk about Binance Futures specifically?
@practicalislamicfinance Жыл бұрын
why would they be different?
@Demon27ace3 жыл бұрын
I am still confuse i dont know what to say
@Awesomecomedy47422 жыл бұрын
there are some Leverage trading applications with no interest. they only charge 1 or 2 percent commissions only when u make profit. and no interest charge in case of loss it it halal or haram?
@yahiyarizwan11272 жыл бұрын
Which apps nAme please
@shemilpgn53792 жыл бұрын
App name
@Awesomecomedy47422 жыл бұрын
Bro I research It doesn't matters ITS STILL HARAM. Because you are not having control over leverage or loan that provided by the apps
@ludefi2465 Жыл бұрын
@@Awesomecomedy4742 what do you mean « not having control »? It’s you who chose to short or long, so you control the use of the money given to you?
@FR-kk2fb2 жыл бұрын
is spot trading on binance halal? because there is 10x btc/usdt
@sohailkhan74172 жыл бұрын
10x has to do nothing with spot.. Its for future. 10x in futur would mean they can give you 10x leverage. In spot you don't have any leverage. WALLAHU ALAM.
@mhmdpeace2 жыл бұрын
May ALLAH reward you with heaven. 🌹
@sezerkuntasa61823 жыл бұрын
Hello brother, if you make a trade with cryptocurrency future long position , and if there is no interest rate on that, is it haram? for example it says interest rate is 0 Percent, . and you have levarage 5x , you have 100 dollar , but your position is 500 dollar, then you bought a crypto currency with 500 dollar position. you have seen you are in positive position , then you decided to sell 500 dollar position , you gain for example aprox. 50 dollar. is that money haram 50 dollar with long crypto currency future position? there is no interest rate on that. is long future position crypto perpetual. it writes interest rate is 0 percent. btw.
@Leenia183 жыл бұрын
I'm not certain but I heard in one of his video that leverage in generall is the problem.Aren't you borrowing money you don't have to cause this leverage effect in the first place?....but excuse me I'm not sure about it.
@edinzilkic54383 жыл бұрын
I would like to know answer on this question
@abdullahisaheedgbeko43173 жыл бұрын
@@Leenia18 One can borrow money to start a business and when you make your profit you refund it. And that's with no interest tho.
@alakhy94482 жыл бұрын
@@Leenia18 so who is borrowing money that he/she has in the real life ? Even in real life when you borrow it means that you dont have what you have borrowed. The same to future when you leverage you borrow what you dont have. What do you say about it ?
@otaku57262 жыл бұрын
Is derivatives trading in crypto halal or haram please tell me.
@ashkhan25012 жыл бұрын
Derivatives are haram in islam
@rockybsi97424 ай бұрын
Crypto funded trading program halal or haram.i am only trading spot no leverage
@Kiwi_Fruit-xp1cu5 ай бұрын
Aoa thank u brother
@solesurvivor005 Жыл бұрын
Could you please make a video on Crypto Future trading (leveraging)
@practicalislamicfinance Жыл бұрын
I have a video on leverage trading check it out
@Alchemist5232 жыл бұрын
Where is the answer
@zillasaf44183 жыл бұрын
what about perpetual future contract on binance¿
@tradermy56703 жыл бұрын
haram cause no delivery of an asset
@HasanAli-lv4rb2 жыл бұрын
Kindly make a video on bnb vault also
@sxythe17342 жыл бұрын
Is 1x leverage haram? Basically you only use your own money
@HHdTroll3 жыл бұрын
what about leverage trading on bybit
@hassanjaved65933 жыл бұрын
Same goes for this also..
@witcher70143 жыл бұрын
What about buy and selling on spot ? Is it haram too
@alifaizan73943 жыл бұрын
no its not!. why would it be? in spot we hold the actual asset. and we can sell asset whenever we want.
@jibrilousama30593 жыл бұрын
@@alifaizan7394 what about day trading with a robot on spot market,if price dips the robot buys if price goes up the robot sells.Sometimes even if price dips further the robot still buys ,that is dollar cost average.Please tell me is this halal
@alifaizan73943 жыл бұрын
@@jibrilousama3059 in spot market you buy the actual asset. So fundamentals of spot matket is halal. weather if it is the bot or its you who place the trade.
@zeem17343 жыл бұрын
@@jibrilousama3059 haram
@rustigaanmaatjuh16922 жыл бұрын
If I short 1x leverage, also haram?
@khairullahkhairkhwa27882 ай бұрын
This is called spot trading
@user-ii1iq4pg1b3 жыл бұрын
Aslamucalaykum: I would like to ask you questions it’s haram or halal I’m taking some platform courses from online KZbin ads specialist on certificate or advertising google ads I’ve already knew these platforms aren’t permissible slamic rules principles forex and drop shipping
@shahfaisaldawoodkheil2409 Жыл бұрын
Please someone give the answer
@waqasaziz61102 жыл бұрын
I still dont get it. I think of future as spot. The only difference i find is the leverage. And no one is forcing me to sell it except for the liquidation price which I can control by investing more money when it gets closer to that price point. So there is no gambling for a person who has more money. The only thing that remain to cover is interests. And i came here to clear that.
@mohammedy61002 жыл бұрын
So is futures halal?
@sohailkhan74172 жыл бұрын
@@mohammedy6100 haram
@inshafmazahir97192 жыл бұрын
Binance charges 0.02 % interest. So according to my view it’s haram .
@waqasaziz61102 жыл бұрын
@@inshafmazahir9719 As I said, That I am not sure about INTERESTS but sure that its not gambling. However some people dont call it interest but Commission. Cause when they are transferring that money(debt) from them. It takes computational power (mining).
@James-tc3ds2 жыл бұрын
@@inshafmazahir9719 it's very cheap same like you pay tax bro because you are using exchange as middle man
@kmwmk7863 жыл бұрын
Exchange stocks are halal or haram??? E.g. NASDAQ stock
@practicalislamicfinance3 жыл бұрын
depends on the stock. check out practicalislamicfinance.com we analyze new stocks there almost everyday.
@kmwmk7863 жыл бұрын
In India exchange is it self listed in another exchange,.... Can we buy that stock
@ramzankitchil38083 жыл бұрын
Is binance Flexible and locked savings halal?
@mrpakgamer_san Жыл бұрын
Flexible is haram as it's same as Bank paying you interest for keeping money in their Bank. While Locked is not as it gone to Blockchain to process Transactions and the payment you earn is a reward of completing transaction
@ariqkamil5713 жыл бұрын
please make a list for halal liquidity mining
@FinalTechPro2 жыл бұрын
Thank you a lot for the explanation … i used futures only to set limit for not losing too much… i didn’t use leverage or any loan … and when i bought some amount of crypto, i still have the full control to sell at whatever price i choose and i can redeem it’s money at any time i want … so i use it the same way as spot, but only to set a limit so i don’t keep watch for hours .. so I’m not obligated to sell at a contracted price … what is this considered .. if someone is knowledgeable please help
@HasanAli-lv4rb2 жыл бұрын
I also need the same guidance
@sohailkhan74172 жыл бұрын
You can set limit in spot as well. Why using future for just stop limit?
@Militaryjournal19853 жыл бұрын
Nice content ! MAshallah
@BuilsXshorts3 жыл бұрын
Didn't got the 2nd point. Can we do short/sell trade in futures?
@omarpip86413 жыл бұрын
Futures in general are just forbidden
@alifaizan73943 жыл бұрын
shorting and longing are contracts as mentioned in video. it is cash settlement of difference. you are not buying crypto but are just obliged to fulfill the contract for difference.(you are just exchanging cash) Thats why it comes under maysir. he explained the future trading fundamental and wherever there is future it is mysir.
@syedhassanshah16813 жыл бұрын
In future they charge interest so if you short or long in crypto which own interest so it is haram
@DaudArchitect2 жыл бұрын
What about the trading pairs like bnb/usdt in which there is 0 interest ?
@All_I_Want_Is_You_Now Жыл бұрын
"selling debt is haram" well let's say i borrow some money from my friend to buy some food for my family. I'd exchange that money with food and I'll give that fixed amount back to my friend, so it's haram ?
@practicalislamicfinance Жыл бұрын
you didn't sell debt in that example.
@All_I_Want_Is_You_Now Жыл бұрын
@@practicalislamicfinance i just borrow some money for investing and giving fixed amount that i borrowed back. that's all. i also sold the debt. can you tell me what things i can do with my debt ? cuz the only reason i borrow money from someone/lender is to sell it ( exchange it ) and exchange is sell.
@sadenicsadenic Жыл бұрын
We do not deal with living people here, why is it haram
@practicalislamicfinance Жыл бұрын
You only deal with dead people?
@ShariaLawAllDay Жыл бұрын
Al Hamdulillah Islam is simple, fair, just and prosperous for all. Forget about all these scam investments that can destroy societies in the long run. Halal investments nowadays are so limited because of how much haram has become prevalent in the business world. Invest your savings by helping a close relative or Muslim brother or neighbor or wherever you may find is better for you than all of this. The first one is highly risky in terms of it being haram, losing money, not getting a return on your investment. The other one is 100% guaranteed success (if you give fully for the sake of Allah). Allah will increase your ranks, deflect any calamities that were bound to befall upon you, can open new doors to greater opportunities you never imagined, and most importantly, can be the turning point to save you from the Hellfire and increase your ranks in Jannah. Win-win-win. 0 losses. You decide.
@ahmadfarooq5433 жыл бұрын
Just to confirm, is Binance Futures haram?
@alifaizan73943 жыл бұрын
offcourse.
@practicalislamicfinance3 жыл бұрын
Are the violations I mentioned present?
@ahmadsannaan97313 жыл бұрын
@@practicalislamicfinance Same question and im not sure if the violations are present there or not. Really need to know this :((
@alifaizan73943 жыл бұрын
@@ahmadsannaan9731 they are present brother.
@dwimj3 жыл бұрын
Prophet Muhammad will be sad seeing his followers buying invisible toy money like bitcoin. Muslims should buy gold, or another real asset
@shahmirkhan76562 жыл бұрын
If liquidation is zero Then how its gambling
@peacetooja2 жыл бұрын
Awesome 👍
@practicalislamicfinance2 жыл бұрын
Thanks 🤗
@samdesigns44272 жыл бұрын
Bro isn't it gambling?
@Irfan_J1102 күн бұрын
Don't do crypto currency .my cousin lost 20lakh rs amount..he is in debt
@MohammadFaisal-bg9er2 жыл бұрын
What about the coin m trading in crypto? like on binance , they give us the option of longing or shorting with the coins that we already have , and not the cash , so is that halal or haram?? Please do reply. Thank you
@nofeah892 жыл бұрын
There's still interest involved right?
@zawarkhan86952 жыл бұрын
@@nofeah89 no
@tanglunglung81003 жыл бұрын
I don't understand the cash settlement So if I got 500 000$ worth in bitcoin can I sell for cash money my bitcoin or not
@practicalislamicfinance3 жыл бұрын
if you received bitcoin that means the contract was not cash settled.
@tanglunglung81003 жыл бұрын
@@practicalislamicfinance thx I get it now but I'm still not sure what to do I want to cash in so it's very confusing and I'm in a good place with my investment I paid the coins with cash so why can I not sell my coins for cash this is so confusing
@practicalislamicfinance3 жыл бұрын
@@tanglunglung8100 if you have coins you can absolutely sell them for whatever you want
@tanglunglung81003 жыл бұрын
@@practicalislamicfinance thank you for the update and videos and also last week's video you had a great shirt/ polo very you 👍🏻👍🏻👍🏻
@practicalislamicfinance3 жыл бұрын
@@tanglunglung8100 i think this is the second compliment I got about that shirt. I'm gonna start wearing that more often lol.
@faizanalvi39323 жыл бұрын
is crypto staking halal
@zakdigaale14043 жыл бұрын
Definitely
@wiseman2358 ай бұрын
Allah bless you
@practicalislamicfinance8 ай бұрын
And you as well inshaAllah
@DrAmr55 Жыл бұрын
الله يباركلك
@practicalislamicfinance Жыл бұрын
Wayyakum
@ahmedmizdawy106 Жыл бұрын
“The ohio state university” at the back 🤔
@askarsary28373 жыл бұрын
I have a trading bots, that’s making for me little bit crypto earnings. In this case my profits are haram.
@alifaizan73943 жыл бұрын
if it is contract based cash settlement than it is haram. if it is spot trading than it is ok. because bot will only automate the trading . if fundamentals are right than it doesnot matter if bot does it or you.
@zawarkhan86953 жыл бұрын
@@alifaizan7394 Ali bhai please tell me, if I have bought any crypto and trade it with 5x leverage, will the profit be halal or not?
@alifaizan73943 жыл бұрын
@@zawarkhan8695 As explained in video, they are not sharia complaint reasons are explained in detail . 1- leverage is borrowing money and making trade on that. which itself is not allowed in islam. 2nd you will pay interest in some form. which is haram. 2- most probably it is a cash settlement between parties means you dont own any asset.this comes in category of maysir(speculation, Joa in urdu) in general stay away from any kind of futures.i consider them haram under these conditions. jazakAllah and feel free to correct me if i am wrong
@sohailkhan74172 жыл бұрын
Can i have your trading bot as i am in loss most of the time. Why not to get benifit from the bot. Btw i am trading in spot only
@ShakeebGenii2 жыл бұрын
So it means to say stock is haram? If not the article on your site needs a lot of correction and stop spreading pathetic info please
@talha19962 жыл бұрын
Anything is Halal as far as the product/utility is Halal and that you're in the possession of the product (stock or crypto) when you're selling it. Simple as it.
@ShakeebGenii2 жыл бұрын
@@talha1996 if by possession you mean contract then you saying crypto is halal?
@ShakeebGenii2 жыл бұрын
@@talha1996 now lets talk about cash settlement. 1. I borrow 1 KG gold and my agreement is to return 1 KG gold when I borrow it was trading @ 1000 but at the time of return it was trading at 1500. If this cash settlement is halal how come future contract is haram. 2. In so called islamic banking if you want loan for business they say what you want to buy I say gold 1kg they say ok it is trading @ 1000 we will buy and we will sale it to you for 1500 but you can pay in parts. If this is halal how come future contract is haram as I am trading for future and I am charging extra money over the market price... 3. He says interest kicks in but there is no transaction entry of interest in binance future contracts they charge commission if Musharakah and Mudaraba is Halal how come future contract is haram... I am expecting a detail reply from channel owner on this....
@ShakeebGenii2 жыл бұрын
@@talha1996 but I am sure my comment will be deleted very soon as this happened on almost every islamic finance channel :smile: